FORNEBU, Norway, April 25, 2024 /PRNewswire/ --  First Quarter Highlights            HMH delivered an EBITDA (adj.) of USD 33 million in quarter, about 75% increase year-over-year driven by higher aftermarket activity NES Fircroft delivered 17% increase in EBITDA and 12% revenue growth year-on-year DRU arbitration award received in April, with about USD 108 million awarded as payment of termination fees and reimbursement of costs, resulting in a positive accounting effect of NOK 599 million in 1Q. In addition, compensation for interest has been calculated to about USD 65 million, which will be accounted for in 2Q. Net capital employed increased with 0.9 billion in quarter to NOK 5.5 billion. Equity of NOK 4.7 billion per end of quarter, corresponding to NOK 17.2 per share, up from NOK 14.6 per share per end of last quarter. Akastor CEO Karl Erik Kjelstad comments: "First and foremost, we are pleased to have received the DRU award, resulting in positive accounting effects and a substantial increase in net capital employed this quarter. The award marks a significant milestone for Akastor and is advancing our efforts towards refinancing our existing corporate facilities. Also, HMH continues to deliver solid earnings driven by high aftermarket activity which, together with a robust order intake, positions the company for sustained growth moving ahead."   HMHHMH reported revenues of USD 193 million in the quarter, with an adjusted EBITDA of USD 33 million, corresponding to an EBITDA margin of 17 percent. Revenues from Aftermarket Services were USD 146 million in the quarter, a 19% increase compared to first quarter last year and down 7% quarter-on-quarter driven by lower spares output. Order ...