Financial report for the 3rd quarter 2019

28.11.2019, 05:09:08 pm

Revenues for the third quarter of 2019 was MNOK 1,480 vs MNOK 1,404 in 2018

  • Adjusted EBITDA for the third quarter was MNOK 504 vs MNOK 431 in 2018
  • Equity per September 30th negative with MNOK 2,657
  • The Company experiences a positive effect from having a large and versatile fleet of vessels, leading to numerous contract awards world-wide  
  • The activity level in the market shows some signs of improvement, but a challenging winter season is expected in the North Sea  
  • Agreement with the majority of financial creditors to suspend and defer payments of principal and interest extended until March 31th, 2020

Skudeneshavn, November 28th, 2019

Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 40 04 29 18

Solstad Offshore ASA

This information is subject of the disclosure requirements according to the Norwegian Securities Trading Act section § 5-12.

SOFF - 3Q 2019