Akastor ASA: Second Quarter and Half Year Results 2019

Second Quarter Highlights

  • Revenue of NOK 1 304 million in the quarter with growth of 49 percent from previous year
  • EBITDA of NOK 114 million in the quarter
  • First Geo and AGR merger completed, presented as a new segment AGR
  • MHWirth completed acquisition of Bronco Manufacturing in June
  • Order intake of NOK 1.8 billion in the quarter, resulting in order backlog of NOK 3.5 billion

Media Contact

Leif Borge

Chief Financial Officer
Tel: +47 917 86 291
E-mail: leif.borge@akastor.com

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.