Akastor ASA: First Quarter Results 2019
PERFORMANCE SUMMARY Q1 2019 · Total revenues were NOK 1 070 million, up 21% compared with the same quarter previous year · EBITDA was NOK 92 million, including positive effect of IFRS 16 (new lease standard) of NOK 27 million · Net interest-bearing debt was NOK 290 million (excluding lease liabilities from IFRS 16), increased by NOK 144 million in the quarter · First Geo and AGR merger successfully completed in April - will be consolidated from Q2 2019 · MHWirth awarded contract for new drilling equipment package from Keppel FELS in