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Invitation to Q1 2019 presentation

Oslo, Norway – May 7, 2019: Aqualis ASA (“Aqualis”) will release its first quarter results for 2019 on Monday, May 13, 2019 at approximately 08:00 am Central European Time (CET).

The presentation will be available through a conference call only, at 10:00 a.m. CET. The recording of the presentation will be available on the company website. To join this event, please use the dial in details below 5- 10 minutes prior to start time.

Dial in details:
Local – USA +1 929-477-0448
Local – UK +44 (0)330 336 9411
Local – Norway +47 2350 0296
Confirmation code: 6598983

The complete presentation will be available on www.newsweb.no and on Aqualis’ web site www.aqualisbraemar.com.

Investors and financial media

Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 19 offices in 15 countries worldwide. Aqualis ASA operates under two different brands: AqualisBraemar and Offshore Wind Consultants. AqualisBraemar is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.

Major shareholder disclosure in Aqualis ASA by Danske Bank AS

We hereby declare that Danske Bank A/S as per 2nd May 2019 has no shares and no votes in Aqualis ASA due to the fact that Danica Pension Försäkringsaktiebolag was sold by Danske Bank A/S.

Investors and financial media

Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 19 offices in 15 countries worldwide. Aqualis ASA operates under two different brands: AqualisBraemar and Offshore Wind Consultants. AqualisBraemar is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.

Major shareholder disclosure in Aqualis ASA by BidCo af 6 dec 2018 AB

We hereby declare that BidCo af 6 dec 2018 AB as per 2th May 2019 indirectly holds 2,711,291 shares and votes in Aqualis ASA through Danica Pension Försäkringsaktiebolag. This holding represents 6.4107 % of the total share capital and of voting rights in Aqualis ASA.

BidCo has aquired this position through the aquisition of Danica Pension Försäkringsaktiebolag from Danske Bank ASA. Danica Pension Försäkringsaktiebolag’s holding remains at the same level as before the transaction.

Investors and financial media

Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 19 offices in 15 countries worldwide. Aqualis ASA operates under two different brands: AqualisBraemar and Offshore Wind Consultants. AqualisBraemar is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.

Financial calendar for Aqualis ASA

Aqualis has amended the financial calendar for 2019.

Financial Year 2019 Event
13.05.19 Quarterly Report – Q1
11.06.19 Annual General Meeting
29.08.19 Half-yearly Report
28.11.19 Quarterly Report – Q3

Annual report 2018

Click here to download the annual report.

Investors and financial media

Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 19 offices in 15 countries worldwide. Aqualis ASA operates under two different brands: AqualisBraemar and Offshore Wind Consultants. AqualisBraemar is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.

Presentation Material at DNB Annual Small & Medium Enterprises Conference

CEO David Wells is scheduled to present at the DNB Annual Small & Medium Enterprises Conference in Oslo today.

View the presentation here.

Investors and financial media

Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 19 offices in 15 countries worldwide. Aqualis ASA operates under two different brands: AqualisBraemar and Offshore Wind Consultants. AqualisBraemar is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.

Board approves IFRS Financial Statements for 2018

Oslo, Norway – April 1, 2019: Today the Board of Directors of Aqualis ASA (“Aqualis” or the “Company”) approved the 2018 annual consolidated financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”). There are no changes in the net profit and total equity as compared to the preliminary annual financial results presented on 28 February 2019. The Company will make available an electronic version of the 2018 annual report to the shareholders at the latest three weeks before the Annual General Meeting.

Investors and financial media

Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 19 offices in 15 countries worldwide. Aqualis ASA operates under two different brands: AqualisBraemar and Offshore Wind Consultants. AqualisBraemar is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.

Q4 financial results

Oslo, Norway – February 28, 2018

Growth continues – led by offshore renewables

Highlights Q4 2018

  • Revenues of USD 9.8 million in Q4 2018 vs. USD 8.9 million in Q4 2017
  • EBITDA of USD 0.9 million in Q4 2018 vs. USD 0.7 million in Q4 2017
  • Adjusted EBIT of USD 0.9 million in Q4 2018 vs. USD 0.6 million in Q4 2017
  • Billing ratio of 84% in Q4 2018
  • Continued solid HSE performance and no lost time incidents (LTIs) during the quarter
  • Robust financial position with cash balance of USD 5.5 million
  • Offshore renewable business growing and increasingly important for group
  • Strong operational performance for our new office in Taiwan
  • Activity in offshore wind market is high and expanding globally
  • The oil & gas market remains challenging with signs of recovery
  • Order backlog of USD 7.8 million with increase in pipeline of opportunities

Highlights Full Year 2018

  • Revenues of USD 36.2 million in 2018 vs. USD 31.1 million in 2017
  • Offshore renewables revenues increased by 37% in 2018 vs 2017
  • Offshore oil and gas revenues increased by 13% in 2018 vs 2017
  • EBITDA of USD 2.5 million in 2018 vs USD 1.9 million in 2017
  • Adjusted EBIT of USD 2.4 million in 2018 vs USD 1.7 million in 2017
  • Billing ratio of 83 % in 2018, same as in 2017
  • Solid HSE performance and no lost time incidents (LTIs) during the year
  • Successful start of new office in Taiwan and launch of rig inspection services
  • Payment of dividend of NOK 0.90 per share in 2018
  • The Board of Directors proposes an ordinary dividend of NOK 0.10 per share

“We have had another good quarter with strong execution and a strengthening of our market position globally. Our geographical expansion continues through the opening of an office in Perth, Australia. We look forward to supporting the oil & gas and renewables developments in the Australasia region.

The activity in the offshore wind sector remains high and we continue to expand our operations. Our operations in Taiwan have ramped up quickly and have had good performance. We are very excited about the future of the offshore wind business particularly in emerging markets where we have identified several growth opportunities. This combined with that growth is finally expected to return to offshore oil and gas investments this year lead us to be optimistic on a continued strong performance for 2019” says Mr. David Wells, CEO of Aqualis ASA.

For more information, please see the attached fourth quarter 2018 report.

Morning program: A presentation is scheduled the same day at 8:00 am CET at SpareBank 1 Markets’ office at Olav Vs gate 5, 0161 Oslo.

The presentation, held in English, will be webcasted live and available for replay shortly after. To watch the webcast over the internet, please visit Aqualis’ web site, www.aqualis.no, at least 10 minutes early to download and install any necessary software.

The earnings release concerning the fourth quarter 2018 results and a corresponding slide presentation will be posted on www.newsweb.no and on Aqualis’ website www.aqualisbraemar.com.

Investors and financial media

Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.no

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 18 offices in 15 countries worldwide. Aqualis ASA operates under two different brands: AqualisBraemar and Offshore Wind Consultants. AqualisBraemar is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.

Mandatory notification of trade – primary insider

Oslo, 28 January 2019:

Ian Bonnon, managing director of Offshore Wind Consultants which is owned 100% by Aqualis ASA, has transferred 46,814 number of shares at an average sales price of NOK 0.00 per share to certain employees. In connection with Aqualis’ acquisition of Offshore Wind Consultants Limited in July 2014, Ian Bonnon entered into agreement to transfer these shares at a later date given fulfilment of certain conditions.

Following this transaction Ian Bonnon holds 508,260 shares in total.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Investors and financial media

Kim Boman, CFO, Aqualis ASA Telephone: +47 959 63 912 Email: kim.boman@aqualis.no

Other media enquiries

Endre Johansen, Corporate Communications AS Telephone: +47 41 61 06 05 Email: endre.johansen@corpcom.no

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 18 offices in 15 countries worldwide. Aqualis ASA operates under two different brands: AqualisBraemar and Offshore Wind Consultants. AqualisBraemar is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.

Financial calendar for Aqualis ASA

FINANCIAL YEAR 2018 

28.02.2019 – Quarterly Report – Q4

12.04.2019 – Annual Report

FINANCIAL YEAR 2019

30.07.2019 – Half-yearly Report

13.05.2019 – Annual General Meeting

25.04.2019 – Quarterly Report – Q1

24.10.2019 – Quarterly Report – Q3

 

The dates are subject to change

For further information, please contact:

Kim Boman, CFO
+47 959 63 912
kim.boman@aqualis.no

This information is published pursuant to the requirements set out in the Continuing obligations.