· 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 (maturing in December 2021) in place with a consortium of 5 banks · Loss from discontinued operations includes provision of USD 23 million as a result of negative arbitration outcome of legacy matter related to former Akastor owned company, Managed Pressure Operations Ltd (MPO) · First Geo and AGR combine to create leading provider of well management, reservoir services and software provider - transaction expected to close in first half of 2019 · Pete Miller appointed new executive chairman of MHWirth, and Eirik Bergsvik appointed new CEO of MHWirth
KEY FIGURES AKASTOR GROUP
NOK million
Q4 18
Q4 17
Operating revenue and other income
1 090
895
EBITDA
63
96
EBIT
21
23
CAPEX and R&D capitalization
37
35
NCOA
375
857
Net capital employed
4 556
7 566
Order intake
980
1 291
Order backlog
2 692
1 948
Net interest-bearing debt
146
2 363
Employees
1 775
2 015
Financial Calendar
Annual Report 2018: March 19, 2019 First Quarter Results 2019: May 2, 2019
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.
Akastor ASA Q4 2018 Presentation
This announcement is distributed by West Corporation on behalf of West Corporation 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
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