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Akastor — Earnings Release 2014
Sep 2, 2014
3525_rns_2014-09-02_d1de0551-9113-479e-83a2-36b9261c576a.html
Earnings Release
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Aker Solutions ASA: Aker Solutions Updates Key Financial Information for the New Aker Solutions and Akastor
Aker Solutions ASA: Aker Solutions Updates Key Financial Information for the New Aker Solutions and Akastor
September 2, 2014 - Aker Solutions is providing updated unaudited financial
information for the two companies - the new Aker Solutions and Akastor - that
will be formed following the split of the business at the end of September.
Previous pro forma financial information was disclosed in the information
memorandum of July 11, 2014, and the second-quarter 2014 results published July
17 this year.
The updated financial information reflects a decision in August by the board of
directors to transfer the Aker Geo AS business unit to Akastor instead of
keeping it within the new Aker Solutions as previously announced. The figures
have also been revised because of continued work to reflect the financial
performance of the two new companies as accurately as possible. Financial
information on Aker Geo is included in the real estate and other holdings
reporting segment in the attached financial information on Akastor.
Stavanger-based Aker Geo has about 65 permanent employees including geologists,
geophysicists and reservoir engineers. It provides geological and geophysical
interpretation, petrophysics, reservoir modelling and simulation, production
technology and operation and wellsite geology. The Aker Solutions board decided
to transfer Aker Geo to Akastor based on an assessment that synergies with Aker
Solutions were limited and that Akastor would be a better owner for the unit.
ENDS
For further information, please contact:
Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel:
+47 67 59 42 71, Mob: +47 480 27 575, E-mail: [email protected]
Investor relations:
David Phillips, Head of Industry & Investor Relations, Aker Solutions. Tel:
+44 208 811 7111, Mob: +44 7788 338 887, E-mail:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194, E-mail: [email protected]
Career opportunities:
Visit http://www.akersolutions.com/careers
Aker Solutions is a global provider of products, systems and services to the oil
and gas industry. Our engineering, design and technology bring discoveries into
production and maximize recovery from each petroleum field. We employ
approximately 28,000 people in about 30 countries. Go to www.akersolutions.com
for more information on our business, people and values.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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