Roxar ASA: best quarter ever

Operating profit (EBITDA) was NOK 52.0 million, which is an increase of 36.4% compared to the second quarter in 2007.

Roxar consolidated revenues for the second quarter of 2008 amounted to NOK 311.9 million compared to NOK 310.8 million for the second quarter in 2007 (proforma). The second quarter 2008 operating profit (EBITDA) was NOK 52.0 million, and this represents an increase of 36.4% compared to the second quarter in 2007 (proforma). The software division posted record sales, and this combined with internal cost optimisation programmes in the software division led to this division’s strongest financial performance ever.

‘The financial performance of Roxar in the second quarter 2008 demonstrates the breadth of the company and the underlying strength of the business, through a strong EBITDA in the absence of significant subsea awards’, says Roxar CEO Gunnar Hviding.

For further information, please contact CFO Even Gjesdal +47 97789070 or IR Manager Hege Forus +47 99241109