Highlights
- Stable net debt at NOK 5 077 million, working capital decreased by NOK 282 million to NOK 2 058 million, liquidity reserve of NOK 2.5 billion
- EBITDA of NOK -12 million, including special items of NOK -104 million
- Refinancing of long-term credit facilities concluded in the quarter
- Weak market conditions continue across the portfolio significantly impacting revenue
- Cost and capacity reductions continue as well as focused efforts to strategically develop portfolio companies during the downturn
- Frontica secured five-year contract with Aker Solutions, boosting order intake for the quarter
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Akastor ASA via Globenewswire
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Akastor ASA via Globenewswire
HUG#2008831