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Akastor ASA: Third Quarter Results 2017

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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 Borge
Chief Financial Officer
Tel: +47 917 86 291
E-mail: leif.borge@akastor.com

Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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