Akastor ASA: Second Quarter and Half Year Results 2019

Second Quarter Highlights

• Revenue of NOK 1 304 million in the quarter with growth of 49 percent from previous year
• EBITDA of NOK 114 million in the quarter
• First Geo and AGR merger completed, presented as a new segment AGR
• MHWirth completed acquisition of Bronco Manufacturing in June
• Order intake of NOK 1.8 billion in the quarter, resulting in order backlog of NOK 3.5 billion

Media Contact

Leif Borge

Chief Financial Officer
Tel: [phone]
E-mail: [e-mail] (mailto:[e-mail])

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.

Akastor ASA Half Year Report 2019 (http://hugin.info/77/R/2246993/888087.pdf)
Akastor ASA 2Q 2019 presentation (http://hugin.info/77/R/2246993/888088.pdf)

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Source: Akastor ASA via Globenewswire