· Advisory services and Investment centres established in Navigea Securities AS
· New concepts for financial services developed
· Total revenues of NOK 100 million in the quarter
· Operating earnings of NOK - 41 million in the quarter
· One-off costs and provisions of NOK 34 million in the quarter, NOK 26 million without cash effect in the quarter
The restructuring of the Acta Group and the continuation of client engagements in a new management company is progressing as planned. The new structure and new client concepts are strengthening the Acta Group in important areas. The full effect of the programme to cut costs is expected to be seen from the third quarter.

The Group’s results in the first quarter are to a great extent characterised by the current restructuring process. Important and necessary measures have been taken in order to strengthen quality, solidity and risk management.

Provisions have been made for a programme to reduce costs within the Group. A number...