Akastor ASA: Third Quarter Results 2019
Highlights · Revenue NOK 1 430 million · EBITDA NOK 133 million · EBITDA margin 9.3 percent · Order intake NOK 1 149 million · Order backlog NOK 3.3 billion · Net interest-bearing debt NOK 1.1 billion Akastor CEO Karl Erik Kjelstad comments: “In an offshore rig market that is still struggling with overcapacity, MHWirth delivered strong revenue growth of 50 percent in the third quarter. A solid EBITDA margin of 11.9 percent in MHWirth reflects that the restructuring measures in the company have been successful. Additionally, AKOFS Offshore experienced high