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Fourth Quarter Highlights: · Net capital employed increased by NOK 0.2 billion during the quarter, reaching NOK 5.0 billion. Equity stood at NOK 5.9 billion at quarter-end, equivalent to NOK 21.4 per share, up from NOK 20.4 per share last quarter. · HMH reported an adjusted EBITDA of USD 47 million for the quarter, bringing the full-year 2024 figure to USD 168 million, representing a 27 percent increase from 2023.
Akastor's subsidiary DDW Offshore has won a one-year contract with Petrofac for the AHTS vessel Skandi Atlantic. The AHTS will support the disconnection of the FPSO "Northern Endeavour" together with towing and well isolations work in the Laminaria Corallina oil fields in the West Timor Sea. The contract start date is September 27th, 2022.
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