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Tuesday, 13 February 2018

Akastor ASA: Fourth quarter and preliminary annual results 2017

Akastor ASA    

Published: 07:00 CET 13-02-2018 /GlobeNewswire /Source: Akastor ASA / : AKA /ISIN: NO0010215684

Akastor ASA: Fourth quarter and preliminary annual results 2017




·        EBITDA of NOK 167 million with MHWirth delivering an EBITDA margin of 11%

·        Cash flows of NOK 127 million before financing activities

·        Net debt NOK 2.4  billion, including financial leases of NOK 1.5 billion

·        MoU signed with Mitsui for establishing AKOFS Offshore Joint Venture

·        Karl Erik Kjelstad appointed as Chief Executive Officer effective from January 1, 2018




Media Contact:


Leif Borge

Chief Financial Officer
Tel: +47 917 86 291



Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.


This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.


Akastor ASA - Q4 2017 Report
Akastor ASA - Q4 2017 Presentation

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Akastor ASA, P.O. Box 169, Lysaker N-1325, Norway
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