Financial report for the 4th quarter 2017

22.02.2018 11:03 pm

  • Operating income was MNOK 1,096 (MNOK 476) in Q4 2017 and MNOK 3,784 (MNOK 2,580) in 2017
  • EBITDA adjusted for operational lease was MNOK 210 (MNOK 149) in Q4 2017 and MNOK 943 (MNOK 1,010) in 2017
  • Cash position as per 31.12.2017 was MNOK 1,875
  • Annualized synergies and cost reductions of MNOK 400 achieved during 2017, target increased to MNOK 700 – 800
  • Market situation gradually improving across all segments

There will be held a presentation of the 4th quarter results 2017, on Friday February 23rd 2018 at 09:00 o’clock. The presentation will take place at Rederiforbundet, Rådhusgt. 25, 7th floor, Oslo.

Skudeneshavn, February 22nd, 2018

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

Solstad Farstad ASA
www.solstadfarstad.com

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

Attachments on www.newsweb.no