11.00
+1.85%
Close of 9 Nov 2026, in NOK
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About Akastor A
Its shares trade on Oslo Børs under the ticker AKAST.OL. It has been listed since 2 April 2004. In the fiscal year to 31 December 2025, it reported revenue of NOK 390.0m and a net loss of NOK 148.0m. At that date it held total assets of NOK 6.02bn and shareholders' equity of NOK 5.33bn.
Akastor ASA is an investment holding company, which engages in the provision of oilfield services. The company is headquartered in Lysaker, Akershus. The company went IPO on 2004-04-02. The company has a portfolio of industrial holdings, real estate and other investments. The portfolio comprises: drilling systems and lifecycle services supplier MHWirth; vessel-based subsea well construction and intervention services provider AKOFS Offshore; process systems and services supplier Fjords Processing; surface oil and gas equipment supplier KOP Surface Products; corporate services provider Frontica Business Solutions; and Real Estate and Other Holdings. The portfolio businesses are developed as stand-alone entities under the Akastor umbrella and represent the Company’s six reporting segments. Akastor ASA has a number of subsidiaries located in Australia, Canada, China, Germany, Indonesia, Malaysia, the Netherlands, Norway, Singapore, the United Kingdom, the United Arab Emirates, and the United States, among others.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Energy Equipment & Services
- Listed since
- 2 Apr 2004
- Employees
- 1,947
- Website
- akastor.com ↗
Leadership
Pay as last reported
- Mr. Frank ReiteChairman of the BoardNOK 704,000
- Mr. Karl KjelstadChief Executive Officer, since 2006NOK 11.4m
- Ms. Lone Fonss SchroderIndependent Deputy Chairman of the Board, since 2022NOK 862,000
- Mr. Oyvind PaaskeChief Financial OfficerNOK 5.4m
- Mr. Asle HalvorsenDirector, Employee RepresentativeNOK 197,000
- Mr. Henning JensenDirector, Employee RepresentativeNOK 332,000
- Mr. Stian SjolundDirector, Employee RepresentativeNOK 197,000
- Mr. Svein StoknesDirectorNOK 394,000
- Mr. Luis AraujoIndependent Director, since 2011NOK 464,000
- Ms. Kathryn BakerIndependent DirectorNOK 529,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 71
- Environment
- 59
- Social
- 99
- Governance
- 53
- Direct emissions (scope 1)
- 23,066 t
- Energy emissions (scope 2)
- 1 t
- Value chain emissions (scope 3)
- 172 t
- Women in the workforce
- 40%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Akastor ASA has a strong reputation in the industry, known for its high-quality products and services.
- The company has a diverse portfolio of businesses, providing a wide range of solutions to clients.
- Akastor ASA has a skilled and experienced workforce, contributing to its expertise and innovation.
Weaknesses
- One of the weaknesses of Akastor ASA is its heavy reliance on a few major clients, which may pose a risk if any of those clients decide to switch to competitors.
- The company's financial performance has been somewhat inconsistent in recent years, facing challenges during economic downturns.
- Akastor ASA may have limited brand awareness compared to some of its larger competitors.
Opportunities
- There is a growing demand for Akastor ASA's products and services in emerging markets, opening up new business opportunities.
- The company can leverage advancements in technology to improve operational efficiency and develop innovative solutions for clients.
- Strategic partnerships or acquisitions could allow Akastor ASA to expand its market presence and diversify its offerings.
Threats
- Intense competition in the industry poses a threat to Akastor ASA's market share and pricing power.
- Economic uncertainties and fluctuations can impact the overall demand for Akastor ASA's products and services.
- Regulatory changes or compliance requirements may increase operational costs and create challenges for the company.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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