AKVA group ASA is due to publish the preliminary result for 4Q 2009 on 18 February 2010. The company will present weaker results than earlier anticipated for 4Q 2009, the preliminary review of the results shows negative effects mainly related to project re-evaluations, accounting adjustments and some other one-off costs.
The preliminary review indicates revenues in 4Q approximately around NOK 143 million and an EBITDA loss of around NOK 16 million. The negative effect of the issues mentioned above amount in total to about NOK 18 million.
Further details on the profit development, market development and outlook will be given on 18 February 2010.
Bryne, 11 February 2010
AKVA group ASA
Knut Molaug, Chief Executive Officer
Phone: +47 51 77 85 40
Mobile: +47 90 13 95 22
Morten Nærland, Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 91 80 40 32 or +56 998 84 04 23
AKVA group is the leading provider of technology to the global fish farming industry and the only with global distribution. The products consist of software systems, operational equipment and sensor systems, feed systems, cage systems, net cleaning systems, light systems and recirculation aquaculture systems.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)