Akastor ASA: Fourth Quarter and Preliminary Annual Results 2015

  • January 01, 0001
  • 00:00
  • News
  • Event
  • Stock exchange release
  • Akastor ASA

- Real estate portfolio sold for NOK 1 243 million
- Balance sheet strengthened; net debt reduced by NOK 1.5 billion to NOK 4.9 billion, working capital decreased by NOK 581 million, liquidity reserve of NOK 2.6 billion
- Weak market conditions continue across the portfolio, significant cost reductions initiated
- EBITDA of NOK 552 million, including special items of NOK 321 million
- Impairment of NOK 615 million, mainly related to Managed Pressure Operations (MPO)
- Secured commitment for refinancing in January 2016
- Frontica secured five year contract with Aker Solutions in February 2016

Contact Information

Tore Langballe
Head of Communication and Investor Relations
Tel: +47 21 52 58 10 E-mail: tore.langballe@akastor.com
Visiting Address: Oksenøyveien 10, NO-1366 Lysaker, Norway

For more information, please visit www.akastor.com/investors

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

 

Akastor ASA: 4Q 2015 Report

Akastor ASA: 4Q 2015 Presentation