Financial Report for the 2nd quarter 2018

22.08.2018, 11:48:24 pm

- Revenues increased by MNOK 484 in Q2 2018 vs Q1 2018
- Opex per day per active vessel reduced by approximately 8% compared to Q1 2018
- EBITDA adjusted for operating lease was MNOK 356 in Q2 2018
- Activity gradually improving across all segments, although rate levels are still challenging
- Cash balance reduced by MNOK 98 in Q2 2018
- First vessel within the Aquaculture segment delivered and commenced a 10 year time charter contract
- Restructuring agreement with financial creditors of subsidiary Solship Invest 3 AS signed in July 2018

There will be held a presentation of the 2nd quarter results 2018, on Thursday August 23rd 2018 at 09:30 am. The presentation will take place at Rederiforbundet, Rådhusgt. 25, Oslo.

Skudeneshavn, August 22nd, 2018

Solstad Farstad ASA

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 52 85 65 00

Solstad Farstad ASA
www.solstadfarstad.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)


Quarterly Report 2 2018