Brief: Akva Group Q4 Net Results Swings To Loss Of NOK 85 Mln

Akva ASA

14/02/2020 07:11

Feb 14 (Reuters) - Akva Group ASA  AKVA.OL :
    * AKVA GROUP ASA: 4Q 2019 FINANCIAL REPORTING
    * RECORD HIGH ORDER INTAKE AKVA GROUP DELIVERED A REVENUE
FOR Q4
OF 655 MNOK (726 MNOK), DOWN 10% FROM Q4 2018
    * EBITDA DECREASED FROM 57 MNOK IN Q4 2018 TO -40 MNOK IN Q4
2019,
DUE TO A CHALLENGING QUARTER WITH SEVERAL EXCEPTIONAL ITEMS
PARTICULARLY WITHIN LAND BASED SEGMENT
    * NET PROFIT DECREASED FROM 19 MNOK LAST YEAR TO -85 MNOK IN
Q4
2019
    * RECORD HIGH ORDER INTAKE OF 1.4 BNOK IN Q4 WITH A BACKLOG
OF 2.3
BNOK AT END OF Q4 2019
    * DIVIDEND OF NOK 1.00 PER SHARE TO BE PAID IN MARCH 2020

Source text for Eikon:  ID:nNDL2K1mbG 
Further company coverage:  AKVA.OL 

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