Akastor ASA: Second Quarter and Half Year Results 2022

"We are glad to see that the positive momentum within oil services continued into the second quarter, demonstrated by increasing activity level across most of our portfolio companies. HMH increased its revenues and margin compared to the first quarter, and outlook into the second half remains strong. AKOFS Offshore delivered a good quarter, with Seafarer successfully completing the first monohull riser-based coiled tubing operation on the NCS. Going forward, Akastor will continue its key focus on realization of assets with the target of reducing debt and increasing liquidity."

"We are glad to see that the positive momentum within oil services continued into the second quarter, demonstrated by increasing activity level across most of our portfolio companies. HMH increased its revenues and margin compared to the first quarter, and outlook into the second half remains strong. AKOFS Offshore delivered a good quarter, with Seafarer successfully completing the first monohull riser-based coiled tubing operation on the NCS. Going forward, Akastor will continue its key focus on realization of assets with the target of reducing debt and increasing liquidity."

Media Contact

Øyvind Paaske
Chief Financial Officer
Tel: +4791759705
E-mail: [email protected]

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.

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