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Mandatory notification of trade – primary insider

Asker, 27 July 2018: The following primary insiders have purchased shares in Aqualis ASA.

Reuben Segal, COO, acquired 21,471 shares at an average purchase price of NOK 4,786 per share (through his wholly owned company AmAn Marine Limited). Following this transaction Reuben Segal holds 1,376,323 shares in total.

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

 

For further information, please contact:

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 17 offices in 14 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

Asker, 26 July 2018: The following primary insiders have purchased shares in Aqualis ASA.

Reuben Segal, COO, acquired 44,134 shares at an average purchase price of NOK 4,703 per share (through his wholly owned company AmAn Marine Limited). Following this transaction Reuben Segal holds 1,354,852 shares in total.

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

For further information, please contact:

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 17 offices in 14 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

Asker, 25 July 2018: The following primary insiders have purchased shares in Aqualis ASA

Reuben Segal, COO, acquired 38,567 shares at an average purchase price of NOK 4,643 per share (through his wholly owned company AmAn Marine Limited). Following this transaction Reuben Segal holds 1,310,718 shares in total.

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

For further information, please contact:

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 17 offices in 14 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

Asker, 24 July 2018: The following primary insiders have purchased shares in Aqualis ASA

Reuben Segal, COO, acquired 2,661 shares at an average purchase price of NOK 4,60 per share (through his wholly owned company AmAn Marine Limited). Following this transaction Reuben Segal holds 1 266 530 shares in total.

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

 

For further information, please contact:

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 17 offices in 14 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

Asker, 24 July 2018: The following primary insiders have purchased shares in Aqualis ASA

Reuben Segal, COO, acquired 5,621 shares at an average purchase price of NOK 4,658 per share (through his wholly owned company AmAn Marine Limited). Following this transaction Reuben Segal holds 1,272,151 shares in total.

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

 

For further information, please contact:

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 17 offices in 14 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.

Q2 2018 financial results

Asker, Norway – July 20, 2018

High activity level and positive operational performance

Key highlights

  • Revenues of USD 9.6 million in Q2 2018 vs. USD 7.3 million in Q2 2017
  • Operating profit (EBIT) of USD 0.7 million in Q2 2018 vs USD 0.4 million in Q2 2017
  • Adjusted EBIT of USD 0.7 million in Q2 2018 vs USD 0.4 million in Q2 2017
  • Strong billing ratio of 84% in Q2 2018
  • Continued solid HSE performance and no lost time incidents (LTIs) during the quarter
  • Robust financial position with cash balance of USD 9.8 million
  • The oil & gas market remains challenging but with increasing signs of recovery
  • Completed the sale of investment in ADLER Solar GmbH
  • Activity in offshore wind market still remains high and new contracts have been secured
  • Order backlog at USD 6.8 million with increase in pipeline of opportunities
  • Aqualis announces dividend of NOK 0.90 per share

David Wells, CEO of Aqualis ASA said:
“We are pleased with the development in Q2 2018 led by strong performance by our operations in the Middle East. Most of our entities with focus on the oil & gas market have delivered solid results despite that the market remains very competitive with pressure on pricing. There are indications of improvements in market conditions as break-even costs are reduced and the oil price remain higher.

The prolonged downturn has altered the competitive landscape across our regions, creating both opportunities and challenges. Our aim is to continue to strengthen our market positions.

The activity in the offshore wind sector remains high, but with a very competitive business environment. Growth opportunities are now global and are likely to increase. We are excited about our ongoing global expansion and recognize opportunities to expand our business in emerging markets. Our focus is on capitalizing on these opportunities and leveraging our global office network.”

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

Q2 2018 report

Morning program
A presentation is scheduled the same day at 8:30 am CET at Carnegie’s office at Fjordalleen 16, 0250 Oslo, Norway.

The presentation, held in English, will be webcasted live and available for replay shortly after. Click here to watch the webcast.

The earnings release concerning the second quarter 2018 results and a corresponding slide presentation will be posted on www.newsweb.no and on our Reports & Presentations page.

For further information, please contact:

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 17 offices in 14 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.

Invitation to Q2 2018 presentation

Oslo, Norway – July 6, 2018: Aqualis ASA (“Aqualis”) will release its first half and second quarter results for 2018 on Friday, July 20, 2018 at approximately 06:00 am Central European Time (CET).

A presentation is scheduled the same day at 8:00 am CET at Carnegie’s office at Fjordalleen 16, 0250 Oslo, Norway. The event will be webcasted live and available for replay shortly after. To watch the webcast over the internet, please visit this page at least 10 minutes early to register and to download and install any necessary software.

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

 

For further information, please contact:

Investors and financial media

Kim Boman, CFO, Aqualis ASA
Telephone: +47 959 63 912
Email: kim.boman@aqualis.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 17 offices in 14 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.

Ex-dividend NOK 0.90 today

The shares in Aqualis ASA will be traded ex-dividend NOK 0.90 as of today, June 28 2018. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

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 17 offices in 14 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.

Key information relating to the cash dividend to be paid by Aqualis ASA

Asker, Norway – June 20, 2018

After trading through a difficult market in 2015 and 2016, Aqualis has delivered positive adjusted EBIT every quarter since the start of 2017. The revenue grew by 13% in 2017 compared with 2016 and the associated growth in working capital has been financed through operations. The Company has, over this period, had a relatively large cash balance, and the Board of Directors proposes that a part of this shall be distributed to the shareholders to increase capital efficiency and enhance return on operations. The Board of Directors has decided to distribute an extraordinary dividend to the shareholders of Aqualis ASA.

The total distribution to the Company’s shareholders is NOK 38,063,915 which constitutes NOK 0.90 per share. The extraordinary dividend will for accounting purposes be charged to the share premium/other equity with NOK 38,063,915. The distribution will for tax purposes be considered a repayment of paid-in capital.

The Board of Directors considers the Company to have sufficient access to capital, after the proposed distribution of capital, to meet working capital requirements, to grow the business as the market improves and to complete potential investments.

Aqualis’ ambition is to pay a cash dividend that is following its long-term underlying cash flow. When deciding the dividend amount, the Aqualis Board of Directors will consider the group’s financial strength, cash flow, investment needs and growth opportunities and a level of financial flexibility that is appropriate for the Aqualis business model. In addition to paying a cash dividend, Aqualis may buy back its own shares as part of its plan to distribute capital to shareholders.

Key information relating to the cash dividend to be paid by Aqualis ASA
Amount: NOK 0.90 per share
Declared currency: NOK
Last day including right: 27 June 2018
Ex-date: 28 June 2018
Record date: 29 June 2018
Payment date: On or about 9 July 2018
Date of approval: 20 June 2018

For further information, please contact:

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 17 offices in 14 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.

Aqualis meeting investors at an investor conference in Oslo

CFO Kim Boman presenting the Aqualis equity story at an investor conference hosted by Oslo Stock Exchange and AksjeNorge in Oslo on Wednesday, June 6.

You download the presentation here.

Kim Boman presenting

For further information, please contact:

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 17 offices in 14 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.