Akastor — Earnings Release 2019

Jul 17, 2019

Akastor ASA: Second Quarter and Half Year Results 2019

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: +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.