Highlights
- Stable net debt at NOK 5 077 million, working capital decreased by NOK 282 million to NOK 2 058 million, liquidity reserve of NOK 2.5 billion
- EBITDA of NOK -12 million, including special items of NOK -104 million
- Refinancing of long-term credit facilities concluded in the quarter
- Weak market conditions continue across the portfolio significantly impacting revenue
- Cost and capacity reductions continue as well as focused efforts to strategically develop portfolio companies during the downturn
- Frontica secured five-year contract with Aker Solutions, boosting order intake for the quarter
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
