Akastor ASA: Fourth quarter and preliminary annual results 2017

Q4 HIGHLIGHTS

      ·        EBITDA of NOK 167 million with MHWirth delivering an EBITDA margin of 11%
      ·        Cash flows of NOK 127 million before financing activities
      ·        Net debt NOK 2.4  billion, including financial leases of NOK 1.5 billion
      ·        MoU signed with Mitsui for establishing AKOFS Offshore Joint Venture
      ·        Karl Erik Kjelstad appointed as Chief Executive Officer effective from January 1, 2018

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.