including preliminary unaudited carve-out (combined) financial data -- to be provided to analysts in connection with the proposed separation of Kvaerner from Aker Solutions ASA and the proposed separate listing of the shares in Kvaerner on Oslo Børs.
ENDS
For further information, please contact:
Investor relations:
Ingrid Aarsnes, SVP Investor Relations, Kvaerner. Tel: +47 67 59 50 46, Mob: +47 950 38 364
With more than 3 500 HSE-focused and experienced employees, Kvaerner is a specialised provider of engineering, procurement and construction (EPC) services for offshore platforms and onshore plants. Kvaerner, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor that plans and realises some of the world's most demanding projects as a preferred partner for upstream and downstream oil and gas operators, industrial companies and other engineering and fabrication contractors.
In 2010, the Kvaerner group had aggregated annual revenues of more than NOK 13.3 billion and the company had an order backlog per 1 April 2011 of more than NOK 15.6 billion. Kvaerner aims to be publicly listed at the Oslo Stock Exchange in July 2011. Until this process is completed, Kvaerner is owned 100 percent by Aker Solutions ASA. For further information, please see www.kvaerner.com and www.akersolutions.com.