Akastor ASA: Second Quarter and Half Year Results 2020

Akastor ASA: Second Quarter and Half Year Results 2020

PR Newswire

OSLO, July 16, 2020

OSLO, July 16, 2020 /PRNewswire/ -- Second Quarter Highlights

Akastor CEO Karl Erik Kjelstad comments:

"We are happy to see that all of our industrial holdings delivered positive contribution in the second quarter despite challenging market conditions. MHWirth delivered solid financial performance driven by continued good contribution from services in the quarter, demonstrating the robustness of their business model. As the market conditions are still uncertain going forward, all portfolio companies are continuously taking concrete actions to mitigate impact by adjusting cost base to align with activity level. Key focus for Akastor in 2020 remains to safeguard operations and secure financial strength."

Media Contact
Øyvind Paaske
Chief Financial Officer
Tel: +47-917-59-705
E-mail: oyvind.paaske@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.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/akastor-asa/r/akastor-asa--second-quarter-and-half-year-results-2020,c3154738

The following files are available for download:

https://mb.cision.com/Public/18618/3154738/85d126c6989bda7d.pdf

Akastor ASA Half Year Report 2020

https://mb.cision.com/Public/18618/3154738/b62e9d70d354e115.pdf

Akastor ASA 2Q 2020 presentation

 

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