Akastor ASA: First Quarter Results 2018
PERFORMANCE SUMMARY Q1 2018 · Total revenues were NOK 1 135 million, compared to revenues of NOK 943 million the same quarter previous year. · EBITDA was NOK 140 million compared to an EBITDA of NOK 53 million in the same quarter last year. EBITDA in the quarter was positively impacted by the operations in Aker Wayfarer starting the 5+5 year contract with Petrobras on January 1. · Working capital reduced by NOK 118 million to NOK 925 million in the quarter. · Net debt was NOK 2 210 million. Net bank debt was NOK 829 million while