Board approval of financial statements for 2015

Oslo, Norway - April 25, 2016:


The Board of Directors of Aqualis ASA has today approved the financial statements for 2015. The statements are adjusted compared to the preliminary and unaudited 2015 results reported by Aqualis ASA on February 18, 2016. The adjustment relates to impairment of goodwill of USD 0.9 million related to Aqualis' operations in Norway. The revised loss after taxes for 2015 is USD 2.2 million. The impairment of goodwill has no cash implications.


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: Aqualis Offshore, Offshore Wind Consultants and ADLER Solar. Aqualis Offshore 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.

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Aqualis ASA via GlobeNewswire