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Financial Calendar

Financial calendar for Aqualis ASA

FINANCIAL YEAR 2017
27.02.2018 – Quarterly Report – Q4

FINANCIAL YEAR 2018
26.04.2018 – Quarterly Report – Q1
20.07.2018 – Half-yearly Report
25.10.2018 – Quarterly Report – Q3

14.05.2018 – Annual General Meeting

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.

2017 Q3 financial results

Oslo, Norway – October 26, 2017

Key highlights

  • Revenues of USD 7.3 million in Q3 2017 vs. USD 6.4 million Q3 2016
  • High activity level maintained in a traditionally weak quarter
  • Operating profit (EBIT) of USD 0.1 million in Q3 2017 vs. loss of USD 0.7 million in Q3 2016
  • Billing ratio for technical staff of 83% in Q3 2017, on same level as in Q2 2017
  • Improved cash balance of USD 9.8 million at the end of Q3 2017
  • Order backlog of USD 8.5 million at the end of Q3 2017 vs USD 10.3 million at the end of Q2 2017
  • Activity in offshore wind market still remains high and new contracts have been secured
  • ADLER Solar increasing the bidding activity, but sales taking longer time to close
  • Continued solid HSE performance and no lost time incidents (LTIs) during the quarter

David Wells, CEO of Aqualis ASA said:

“I am pleased that we, in challenging market conditions in the oil and gas sector, have achieved three consecutive quarters of positive operating profit. Most of our entities have delivered robust results underpinned by strong operational performance and important client wins.

The offshore wind sector remains active and highly competitive. We continue to leverage our growing reputation to strengthen our market position. We have managed to widen our global operations and won recently our first contract in the US market.

ADLER Solar has increased the bidding activity over the past months, but sales have taken longer time to close as the company is focusing on larger projects with longer lead times. The results are expected to improve in Q4 2017 and additional profitability measures have been and are being implemented to improve profitability.

There are indications that the oil and gas market may have bottomed out, but we still expect market conditions to remain challenging in 2017 and 2018. We have set up a good platform from which to rebuild, strengthen our business model and deliver excellent service to our customers” says Mr. David Wells, CEO of Aqualis ASA.”

For more information, please see the attached third quarter 2017 report.

Morning program:
A presentation is scheduled the same day at 8:00 am CET at Kepler Cheuvreux / Swedbank’s office at Filipstad Brygge 1, 0120 Oslo, Norway.

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 third quarter 2017 results and a corresponding slide presentation will be posted on www.newsweb.no and on Aqualis’ web site www.aqualisbraemar.com.

 

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 global oil and gas, wind and solar sectors. The group employs experienced consultants in 21 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized 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. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

Invitation to Q3 2017 presentation

Oslo, Norway – October 13, 2017: Aqualis ASA (“Aqualis”) will release its third quarter results for 2017 on Thursday, October 26, 2017 at approximately 07:00 am Central European Time (CET).

A presentation is scheduled the same day at 8:00 am CET at Kepler Cheuvreux / Swedbank’s office at Filipstad Brygge 1,
0120 Oslo, Norway. The event 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 register and to download and install any necessary software.

The earnings release concerning the third quarter 2017 results and a corresponding slide presentation will be posted on www.newsweb.no and on Aqualis’ web site www.aqualisbraemar.com.

 

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 global oil and gas, wind and solar sectors. The group employs experienced consultants in 21 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized 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. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

 

Presentation Material at Pareto Securities Oil & Offshore Conference

CEO David Wells is scheduled to present at the Pareto Securities Oil & Offshore Conference in Oslo on Thursday, September 14.

A copy of the presentation is attached and can also be downloaded from Aqualis’ website under Investor Relations.

 

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 global oil and gas, wind and solar sectors. The group employs experienced consultants in 21 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized 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. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

Aqualis ASA: Q2 2017 financial results

Oslo, Norway – July 21, 2017

Key highlights:

  • Revenues of USD 7.3 million in Q2 2017 vs. USD 8.2 million Q2 2016
  • Operating profit (EBIT) of USD 0.4 million in Q2 2017 vs. loss of USD 0.8 million in Q2 2016
  • Billing ratio for technical staff of 83% in Q2 2017, up from 78% in Q1 2017
  • Profitability measures took effect throughout the quarter
  • Activity in offshore wind market remains high and new contracts have been secured
  • Positive contribution from ADLER Solar as profitability measures are taking effect
  • Order backlog at USD 10.3 million vs USD 10.0 million at the end of Q1 2017
  • Cash balance of USD 8.9 million at the end of Q2 2017
  • Continued solid HSE performance and no lost time incidents (LTIs) during the quarter

“We are delighted that we have been able to deliver a profitable quarter and positive figures for Q2 2017 and 1H 2017. It has been great team effort with many of our entities delivering strong performance. The result is underpinned by strong operational performance and the increased flexibility of our business model.

Our renewable businesses, Offshore Wind Consultants Ltd and ADLER Solar GmbH, have both delivered good performance. We will continue to identify market opportunities in the offshore wind sector to leverage our strong market position, brand name, skill base and global network. We expect more activity in the offshore wind market driven by increased demand as costs continue to fall.

ADLER Solar has taken steps to re-position its services to new market segments over the past year and implemented profitability measures to improve efficiencies. We are pleased that ADLER Solar delivers positive results in Q2 2017 and that the implemented profitability measures are taking effect. The company will need to take further measures to improve sales activity and increase the proportion of larger projects.

The oil and gas market is still challenging and expected to remain so for the rest of 2017. I am confident that we have a strong basis on which to continue to improve our business and deliver excellent service to our customers” says Mr David Wells, CEO of Aqualis ASA.

Aqualis ASA Q2 2017 report

Aqualis ASA Q2 2017 presentation

 

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 global oil and gas, wind and solar sectors. The group employs experienced consultants in 21 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized 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. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

 

Issuance of share options

Asker, 4 July 2017 – Aqualis ASA issued share options to certain key personnel in Offshore Wind Consultants Ltd. (“OWC”), in connection with the acquisition of OWC in June 2014, which expired in 1H 2017. Aqualis has amended and re-issued 250,000 options to key personnel in OWC. Ian Bonnon, a primary insider and managing director of OWC, have been allocated 190,000 share options according to the above.

For more detailed information, please see the attached overview.

Aqualis ASA: Minutes from the Annual General Meeting 2017

Asker, May 15, 2017:

Please find attached the minutes from the Annual General Meeting held in Asker on 15 May 2017. All matters were resolved as proposed in the Notice to the Annual General Meeting.

Signed Minutes from AGM 2017_English

Signed Minutes from AGM 2017_Norwegian

For further information, please contact:

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 global oil and gas, wind and solar sectors. The group employs experienced consultants in 21 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized 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. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

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

 

Aqualis ASA: Q1 2017 financial results

Aqualis Delivers Strong Operational Performance in Challenging Market and A Turnaround Quarter.

Oslo, Norway – April 27, 2017

Key highlights

  • Revenues of USD 7.6 million in Q1 2017, increase by 10% from Q1 2016
  • Operating profit (EBIT) of USD 0.2 million in Q1 2017 vs. loss of USD 1.5 million in Q1 2016
  • Billing ratio for technical staff of 78% in Q1 2017, up from 76% in Q4 2016
  • Profitability measures took effect throughout the quarter
  • Offshore wind market remains active and new contracts have been secured
  • Weak results for ADLER Solar due mainly to weather conditions and project delays
  • Order backlog at USD 10.0 million vs USD 6.7 million at the end of Q4 2016
  • Bidding activity increasing
  • Cash balance of USD 9.6 million at the end of Q1 2017
  • Continued solid HSE performance and no lost time incidents (LTIs) during the quarter

David Wells, CEO of Aqualis ASA said:

“After a challenging 2016, we are extremely pleased with the turnaround achieved in Q1 2017. We are profitable despite continued challenging market conditions characterized by margin pressure and high business volatility.

The result is underpinned by strong operational performance, important contract wins and the phase in of profitability measures. I am proud of the effort our staff and management have made in achieving a turnaround while continuing to deliver a superior service to our clients.

We expect 2017 to remain challenging for us and the oil and gas industry. I am confident that we have a strong basis on which to continue to improve our business and deliver excellent service to our customers.”

For more information, please see the first quarter report.

Morning program:
A presentation is scheduled the same day at 8:00 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. To watch the webcast over the internet, please visit Aqualis’ web site, www.aqualis.no, at least 10 minutes early to to download and install any necessary software.

The earnings release concerning the first quarter 2017 results and a corresponding slide presentation will be posted on www.newsweb.no and on Aqualis’ web site www.aqualisbraemar.com.

 

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 global oil and gas, wind and solar sectors. The group employs experienced consultants in 22 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized 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. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

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

 

Aqualis ASA: Notice of Annual General Meeting

Oslo, Norway – April 7, 2017: The Annual General Meeting of Aqualis ASA will be held on 15 May 2017 at 13:00 CET at Bleikerveien 17, 1387 Asker, Norway. The formal notice for the Annual General Meeting will be sent to all shareholders registered in the Norwegian Central Security Depository (VPS).

Please find attached the following documents:

  • The notice of the Annual General Meeting 2017 with attendance and proxy form
  • The proposal from the Nomination Committee

All documents relating to the Annual General Meeting are available on www.aqualis.no

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For further information, please contact:

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 global oil and gas, wind and solar sectors. The group employs experienced consultants in 22 offices in 16 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized 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. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

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

Aqualis ASA: Annual report 2016

Aqualis’ annual report can be downloaded from www.newsweb.no and by clicking here.

For further information, please contact:

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 global oil and gas, wind and solar sectors. The group employs experienced consultants in 22 offices in 16 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized 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. ADLER Solar is a technical and engineering service provider for the global solar industry. Aqualis owns 49.9 percent of ADLER Solar.

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