Also it jærske industrilokomotivet Aarbakke AS has been noticed the downturn in the oil industry. Co-founder and ceo Inge Brigt Aarbakke has previously told about an almighty 2015, where he early saw that he had to take action to save the most possible jobs. Finally ended it with 30 dismissals.
With a decrease in turnover of over 160 million, got Aarbakke also notice it in his private investment company the Southwest. Through it, he owns – via Breimyra Invest half of the Aarbakke AS.
And when maskineringsbedriften have more difficult times, the owners adjust the value of the investment in their financial statements. A write-down of 34 million did that Southwest went with the equivalent of minus in 2015.
Now enter Today’s Businesses that Aarbakkes investment company has in place a gjeldsavtale with SR-bank for the Southwest and its subsidiaries for approximately 100 million
– There have been constructive negotiations. SR-Bank has been with all the way, and is kjempeflinke. We have put in place a good deal of the next three years, says Aarbakke to DN.
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In the agreement is that the payment of the instalments and interest be frozen until november 2019. Aarbakke believes in a tough market until the time.
I feel we have reached the bottom now. In the last quarter, we have received several orders at the Aarbakke. We have received several new jobs internationally. Aarbakke is more competitive internationally today than we have been previously, ” says the company founder.
the Turnover in Aarbakke AS was on the 639 million in 2015, compared to 804 million in 2016. The entrepreneur says he expects turnover of around 500 million in 2016, and a further drop down to 400 next year.
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