Akastor ASA: Fourth quarter and preliminary annual results 2017
Q4 HIGHLIGHTS · EBITDA of NOK 167 million with MHWirth delivering an EBITDA margin of 11% · Cash flows of NOK 127 million before financing activities · Net debt NOK 2.4 billion, including financial leases of NOK 1.5 billion · MoU signed with Mitsui for establishing AKOFS Offshore Joint Venture · Karl Erik Kjelstad appointed as Chief Executive Officer effective from January 1, 2018 Media Contact: Leif BorgeChief Financial OfficerTel: +47 917 86 291E-mail: leif.borge@akastor.com Akastor is a Norway-