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."

Norway, 14/07/2022 (informazione.news - comunicati stampa - energia)

"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."

Øyvind Paaske
Chief Financial Officer
Tel: +4791759705
E-mail: oyvind.paaske@akastor.com

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