Akastor ASA: Third Quarter Results 2017
Q3 HIGHLIGHTS · Completed the transaction to sell KOP Surface Products to the Weir Group PLC, releasing approximately NOK 1 billion in cash · EBITDA of NOK 54 million, including several special items with a total negative value of NOK 79 million · Net debt reduced by NOK 0.9 billion to NOK 2.4 billion, including financial leases of NOK 1.4 billion · MHWirth awarded contract for drilling equipment package to the West White Rose Extension Project in October Media Contact: Leif BorgeChief Financial OfficerTel: +47 917 86 291E-mail: leif.borge@akastor.