3rd Quarter Results 2009: Improved cash flow

Market * Booked NOK 9.0 billion in new orders * Healthy order backlog at NOK 56.5 billion * Won Goliat Subsea contract Operations * Cash flow from operating activities NOK 2.4 billion * Net current operating assets reduced to NOK 1.9 billion * Net interest bearing debt reduced to NOK 4.9 billion * Q3 EBITDA of NOK 1 billion - Q4 expected on par with Q3 * The Gjøa hull arrived at Aker Solutions' yard in Stord on October 5, on schedule * Delivered nine drilling packages year to date - two more scheduled for delivery in fourth quarter The full report and presentation can be downloaded from www.akersolutions.com and the links below: ENDS For further information, please contact: Investor relations: Lasse Torkildsen, SVP Investor Relations, Aker Media: Jannik Lindbæk jr., SVP Corporate Communications, Aker Career opportunities:... [read full story]                    

powered by