Akastor ASA: Third Quarter Results 2017


  • Completed the transaction to sell KOP Surface Products to the Weir Group PLC, releasing approximately NOK 1 billion in cash
  • EBITDA of NOK 54 million, including several special items with a total negative value of NOK 79 million
  • Net debt reduced by NOK 0.9 billion to NOK 2.4 billion, including financial leases of NOK 1.4 billion
  • MHWirth awarded contract for drilling equipment package to the West White Rose Extension Project in October

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.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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