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AKVA group ASA : Reduced deliveries on previously announced contract to Russia


AKVA has received notice that the customer will not be able to take deliveries in accordance with the contract announced on November 17, 2014.

The parties are in discussions on how to handle their respective obligations under the contract going forward.

AKVA currently holds no financial exposure in Russia, and a reduced scope of delivery under the above contract will only affect order backlog. 

AKVA group ASA
Web: www.akvagroup.com

CONTACTS: 

  Trond Williksen   Chief Executive Officer

  Phone:            +47 51 77 85 00

  Mobile:           +47 91 63 01 73

  E-mail:           twilliksen@akvagroup.com

 

  Eirik Børve Monsen   Chief Financial Officer

  Phone:               +47 51 77 85 00

  Mobile:              +47 91 63 98 31

  E-mail:              emonsen@akvagroup.com

 

 

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AKVA group is the leading provider of technology and services 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)


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