Akastor ASA: Fourth quarter and preliminary annual results 2017

Q4 HIGHLIGHTS

   ·        EBITDA of NOK 167 million with MHWirth delivering an EBITDA margin
of 11%
   ·        Cash flows of NOK 127 million before financing activities
   ·        Net debt NOK 2.4  billion, including financial leases of NOK 1.5
billion
   ·        MoU signed with Mitsui for establishing AKOFS Offshore Joint Venture
   ·        Karl Erik Kjelstad appointed as Chief Executive Officer effective
from January 1, 2018




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.