Akastor ASA operates within the Oil and gas field machinery sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Akastor ASA with three other
construction and mining equipment manufacturers in Europe:
HMS Hydraulic Machines & Systems Group PLC
sales of 558.75 million Euro [US$678.09 million]
Mincon Group Plc
of the United Kingdom
(£62.54 million [US$85.44 million]
of which 100%
was Drilling Equipment manufacturer), and
Schoeller-Bleckmann Oilfield Equip. AG
based in Austria
(182.99 million Euro [US$222.07 million]
of which 70%
was Oilfield Equipment/Services).
Sales fell dramatically in 2016:
During the year ended December of 2016, sales at
Akastor ASA were NOK 5.14 billion (US$645.33 million).
decrease of 66.9%
versus 2015, when the company's sales were NOK 15.51 billion.
Contributing to the drop in overall sales was the 70.4% decline
in Kop Surface, from NOK 1.13 billion to NOK 335.00 million.
There were also decreases in sales in
Mhwirth (down 47.4% to NOK 3.51 billion)
Real Estate and Other Holdings (down 42.1% to NOK 629.00 million)
However, these declines were partially offset by the increase in sales of
Akofs Offshore (up 6.9% to NOK 835.00 million)