Akastor ASA (FRA:KY7)

€ 1.246 -0.008 (-0.64%) Market Cap: 343.67 Mil Enterprise Value: 469.07 Mil PE Ratio: 10.80 PB Ratio: 0.82 GF Score: 63/100

Half Year 2019 Akastor ASA Earnings Call Transcript

Jul 17, 2019 / 06:00AM GMT

Release Date Price: €1.17

Transcript

Leif HejÃ;Borge

Akastor ASA - CFO

¸ -

Good morning, and welcome to the Akastor second quarter presentation. My name is Leif Borge. I'm the CFO in Akastor. And together with me, I have Karl Erik Kjelstad, our CEO. We will refer to the second quarter presentation that was released this morning during our presentation. Then I give the word to Karl.

Karl Erik Kjelstad

Akastor ASA - CEO

Thank you, Leif, and a good summer morning to everyone on this call, and thank you for participating in this presentation of Akastor's second quarter results.

Let us start with a look at the highlights for the second quarter, Slide #3 in the presentation. We saw a significant year-to-year growth in revenues of 49% with revenues of NOK 1.3 billion in the second quarter. Most of the growth comes from MHWirth, but the acquisition of AGR also impacted our revenues figures positively. The EBITDA of NOK 114 million in the second quarter was also mainly coming from MHWirth, which is delivering an EBITDA this quarter of NOK 109 million. As in previous quarters, AKOFS

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