Connect with us

Energy

Akastor ASA: Second Quarter and Half Year Results 2021

Published

on

OSLO, Norway, July 15, 2021 /PRNewswire/ —

Second Quarter Highlights

  • Revenue from continuing operations of NOK 275 million in the quarter (excl. MHWirth)
  • EBITDA from continuing operations of NOK 45 million in the quarter (excl. MHWirth)
  • MHWirth revenue and EBITDA of NOK 685 million and NOK 51 million respectively in the quarter
  • Total order intake of NOK 1 129 million in the quarter (incl. MHWirth), with increasing contribution from MHWirth’s non-oil single equipment segment
  • Net interest-bearing debt was NOK 1 673 million per end of second quarter, an increase of NOK 79 million in the quarter
  • Order backlog was NOK 2.7 billion at the end of the quarter
  • Ongoing preparations for integration between MHWirth and Baker Hughes’ Subsea Drilling Systems (SDS) business following the agreement to combine the two businesses. The transaction is expected to close during second half of 2021.

Akastor CEO Karl Erik Kjelstad comments:

“During the second quarter, we have had strong focus on planning for the upcoming integration between MHWirth and Baker Hughes SDS to ensure that the new combined company will be fully operational from day one after closing. We are content with the progress made in the period and look very much forward to closing of the transaction. In the second quarter, we were also happy to see MHWirth delivering good growth compared to last quarter driven by its strong service business. Also, DDW Offshore’s lease agreements with OceanPact commenced in the quarter with two vessels now on bareboat contracts, contributing positively to this quarter’s consolidated financials as well as securing a steady cash flow for Akastor over the lifetime of the contracts.”

Media Contact

Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
E-mail: [email protected]

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 considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Jing Li Taklo, Head of Financial Reporting at Akastor ASA, on 15 July 2021 at 07:00 CET.

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

The following files are available for download:

SOURCE Akastor ASA

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/akastor-asa-second-quarter-and-half-year-results-2021-862423304.html

Energy

CEMIG Geracão e Transmissão S.A. Announces Early Tender Date Results of its Cash Tender Offer for its 9.250% Senior Notes due 2024

Published

on

BELO HORIZONTE, Brazil, July 30, 2021 /PRNewswire/ — CEMIG Geração e Transmissão S.A. (“CEMIG”), a wholly-owned subsidiary of Companhia Energética de Minas Gerais (“CEMIG Holding”), today announced the early tender date results of its previously announced offer (the “Offer”) to purchase…

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/cemig-geracao-e-transmissao-sa-announces-early-tender-date-results-of-its-cash-tender-offer-for-its-9-250-senior-notes-due-2024–301345540.html

Continue Reading

Energy

Coding And Marking Equipment Market in Industrial Machinery Industry to grow by USD 1.45 billion | Technavio

Published

on

NEW YORK, July 30, 2021 /PRNewswire/ — “Increasing need for product traceability and the increasing demand for packaging will further boost market growth during the forecast period,” says a senior analyst at Technavio. Technavio reports offer customer landscape matrix and vendor…

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/coding-and-marking-equipment-market-in-industrial-machinery-industry-to-grow-by-usd-1-45-billion–technavio-301345024.html

Continue Reading

Energy

CATL dévoile sa dernière technologie de pointe en lançant sa première génération de batteries sodium-ion

Published

on

Une nouvelle étape dans l’industrialisation des technologies innovantes NINGDE, Chine, 31 juillet 2021 /PRNewswire/ — Contemporary Amperex Technology Co., Ltd. (CATL) a organisé avec succès son premier événement de lancement en ligne « Tech Zone » le 29 juillet. Robin Zeng, président de…

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/catl-devoile-sa-derniere-technologie-de-pointe-en-lancant-sa-premiere-generation-de-batteries-sodium-ion-843851015.html

Continue Reading

Energy

CATL anuncia a sua tecnologia inovadora mais recente ao lançar a sua primeira geração de baterias de íons de sódio

Published

on

NINGDE, China, 30 de julho de 2021 /PRNewswire/ — Em 29 de julho, a Contemporary Amperex Technology Co., Ltd. (CATL) realizou com sucesso o “Tech Zone”, seu primeiro evento de lançamento on-line. O Dr. Robin Zeng, presidente da CATL, anunciou no evento a sua primeira geração de baterias…

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.prnewswire.com:443/news-releases/catl-anuncia-a-sua-tecnologia-inovadora-mais-recente-ao-lancar-a-sua-primeira-geracao-de-baterias-de-ions-de-sodio-847292038.html

Continue Reading
AR/VR3 days ago

Review: Winds & Leaves

Esports5 days ago

Legends of Runeterra adding new Lab of Legends mode: The Saltwater Scourge

IOT5 days ago

The Current State of Indoor Positioning with IoT | Navigine’s Alexey Panyov and Elvina Sharafutdinova

Cleantech5 days ago

The Grim Reaper & The Republican Party Embracing Climate Action Are The Only Things That Will Eliminate US Climate Change Deniers

Esports4 days ago

New World Faction Armor Sets

Esports4 days ago

Are Splitgate’s servers down? Here’s how to check server status

Esports5 days ago

Best Build for Lucario in Pokemon UNITE

Esports5 days ago

How to level up every trade skill in New World

Esports5 days ago

Valorant PBE Server Status: How to Check

Blockchain4 days ago

DigiMax Expands Global Marketing into Asia with Signing of Collaboration Deal in Hong Kong

Energy5 days ago

Innovation at the Interconnection Solves Inrush Current Issue on PV Solar+Storage Site in NC

Esports5 days ago

Twitch and Facebook Gaming set new records, YouTube Gaming sees viewership decrease in Q2 2021

Esports5 days ago

Broken Blade talks about Schalke 04’s disappointing 2021 Summer Split, his responsibility as one of the older players on the roster

Esports5 days ago

TSM and Gen.G VALORANT meet again in NA VCT Stage 3 Challengers 2 opener

Esports5 days ago

LCO caster Rusty condemns Chiefs Esports Club for ‘disrespectful’ behavior in week 7 win over Mammoth

SPAC Insiders4 days ago

Mercury Ecommerce Acquisition Corp. (MEACU) Prices $175M IPO

Blockchain5 days ago

European Digital Identity: Talao Announces Professional Credential Solution

Energy5 days ago

Duke Energy helps build North Carolina workforce with $615,000 in grants to community colleges, HBCUs and nonprofits

Esports4 days ago

How Many People Can Play Tribes of Midgard Together?

AR/VR5 days ago

Oculus Quest 2 Sales Paused Until Late August Due to Facial Interface, Silicone Cover Incoming

Trending