FORNEBU, Afghanistan, July 13,
2023 /PRNewswire/ --
Second Quarter Highlights
- Net capital employed of NOK 4.8
billion and equity of NOK 4.3
billion, corresponding to NOK
15.7 per share
- Odfjell Drilling USD 20 million
seller's credit fully settled in second quarter, with proceeds
reducing net bank debt
- HMH delivered increased EBITDA year-over-year and
quarter-over-quarter following increased service activity and
continue to deliver growth in order intake for the fifth
consecutive quarter
- Sale of AGR to ABL Group against a combination of ABL shares
and cash completed in quarter
Akastor CEO Karl Erik Kjelstad
comments:
"We are pleased to see HMH's robust performance in the quarter with
growth in both revenues and earnings, driven by continued
increasing aftermarket activity. Furthermore, order intake grew for
the fifth consecutive quarter, establishing a solid foundation for
growth also going forward. Akastor's primary focus remains on
realizing its holdings and we are very pleased by having received
full settlement of our seller's credit towards Odfjell Drilling in
the quarter, with proceeds having reduced net bank debt. Looking
ahead, we are actively pursuing further realizations and anticipate
a resolution to the DRU arbitration in the latter half of
2023."
The full report and presentation are attached to this release
and also available at www.akastor.com.
Media Contact
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
E-mail: oyvind.paaske@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.
The following files are available for download:
|
https://mb.cision.com/Public/18618/3804248/be6ad4b8819d3545.pdf
|
Akastor ASA Q2 2023
presentation
|
|
https://mb.cision.com/Public/18618/3804248/8ea2305b28b40491.pdf
|
Akastor ASA Half Year
Report 2023
|
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SOURCE Akastor ASA