27 February 2019 - Akastor ASA has today sold 386 161 own shares in relation with a share purchase program offered to its corporate employees and managers. The share price is payable in cash and was based on the average volume weighted share price on the Oslo Børs over the 5 days period from 20 February to 26 February 2019 giving a price per share of NOK 13.46. Following the transaction, Akastor ASA holds a total of 2 390 215 own shares. For further information, please contact: Eirik Thomassen Head of Legal and Compliance Mobile: +47 995 13 580 E-mail: eirik.thomassen@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 ... [...]
Akastor ASA , an oil service investment company, today announced that Pete Miller has been appointed Executive Chairman of MHWirth and Eirik Bergsvik as CEO. Both changes are effective today. Akastor Chairman Kristian Røkke says: "Pete Miller has an incredible track record and we are pleased to have him take the helm of MHWirth. Akastor's ambition is to expand MHWirth through a combination of organic growth and M&A, positioning the company for an eventual market recovery. Akastor will focus its resources on supporting this growth plan and target a stand-alone IPO of MHWirth over the next five years." Mr. Miller says: "I'm thrilled with the opportunity presented by MHWirth. The company has a long and rich history in the design and manufacture of drilling equipment. The company rema... [...]
PERFORMANCE SUMMARY Q4 2018 · Total revenues were NOK 1 090 million, up 22% compared with the same quarter previous year · EBITDA was NOK 63 million, at the same level as EBITDA in Q4 2017 adjusted for several special items · Net interest-bearing debt was NOK 146 million, increased by NOK 70 million in the quarter · Refinancing of NOK 2.5 billion credit facility in [...]
February 8, 2019 - Aker Solutions increased the 2018 fourth quarter revenue to 7 billion, a rise of 8 percent compared to fourth quarter 2017, as the company won significant international awards in a competitive, but improving market. 4Q 2018 Financial Highlights Revenue NOK 7 billion EBITDA NOK 483 million EBITDA margin 7.0% EBITDA ex. special items NOK 495 million EBITDA margin ex. special items 7.1% Earnings per share [...]
Akastor ASA's Managed Pressure Operations Pte Ltd , a former Akastor owned company, has recently received an arbitration award from the London Court of International Arbitration whereby MPO is found liable under a project originally initiated in 2012 and where delivery was agreed to take place in 2014. The arbitration proceedings initiated in 2016 have now led to a disappointing result which will impact Akastor's [...]
Akastor ASA will publish its fourth quarter 2018 results on Wednesday February 13, 2019 at 7:00 a.m. CET. The report and presentation will be available through a conference call and audiocast only, at 8:00 a.m. CET. The presentation will be audiocasted live, and available through a dial-in conference call. There will be a Q&A session following the presentation. The replay will be made available on the company website. To [...]
Akastor ASA , through its wholly owned subsidiary Akastor AS , has today entered into agreements with Silverfleet Capital , DNB Bank ASA and Nordea Bank Abp, filial i Norge to combine AGR Bidco AS with First Geo AS . The Transaction will be carried out primarily as an asset deal, whereby assets in the current AGR legal structure and three legal entities will, together with First Geo, be transferred to a new legal [...]
December 3, 2018 - Siemens and Aker Solutions have signed a strategic collaboration agreement to further develop digital offerings in engineering, operations and services. The collaboration focuses on the creation of software applications and joint service offerings including the development of industrial digital twins that will drive efficiency throughout the entire plant lifecycle. In addition, the companies will [...]
PERFORMANCE SUMMARY Q3 2018 · Total revenues were NOK 955 million, compared to revenues of NOK 1 249 million the same quarter previous year . · EBITDA was NOK 87 million, compared to EBITDA of NOK 80 million in Q3 2017 adjusted for several special items. · Successful closing of the transaction selling 50% of the shares in AKOFS Offshore to form Joint Venture with Mitsui and MOL [...]
October 24, 2018 - Aker Solutions' earnings strengthened in the third quarter of 2018 as orders more than doubled from a year earlier amid increasing signs of a market recovery. Financial Highlights Revenue NOK 6.5 billion EBITDA NOK 463 million EBITDA margin 7.1% EBITDA ex. special items NOK 492 million EBITDA margin ex. special items 7.5% Earnings per share ex. special items NOK 0.60 Order intake NOK 5.9 billion Order [...]
Oslo, Norway - October 23, 2018. Aker Solutions received a notification of award for orders valued at more than NOK 1.7 billion from the China National Offshore Oil Corporation to provide the subsea production system and umbilicals for the Lingshui 17-2 gas field. Lingshui 17-2 is CNOOC's first subsea deepwater project developed by the company with water depths of up to about 1,500 meters. The field is located in the [...]
Oslo, Norway - October 23, 2018. Aker Solutions received a notification of award for orders valued at more than NOK 1.7 billion from the China National Offshore Oil Corporation to provide the subsea production system and umbilicals for the Lingshui 17-2 gas field. Lingshui 17-2 is CNOOC's first subsea deepwater project developed by the company with water depths of up to about 1,500 meters. The field is located in the [...]
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