16.07.2024
Solstad Offshore ASA financial report for the 2nd quarter & 1st half year 2024
On 19 June 2024 the MNOK 750 share issue in Solstad Maritime towards eligible shareholders in Solstad Offshore ASA was completed. This concluded the “Refinancing” of Solstad Offshore ASA.
- Solstad Offshore completed the refinancing of the vessel Normand Superior during 2Q 2024. The new financing is extended to May 2028
- Solstad Offshore achieved order intake of BNOK 2.6 in the quarter.
- Solstad Offshore had a utiliztion of 97% for vessels in operation.
- Operating Income from continued operations for 2Q 2024 of MNOK 746.
- EBITDA adjusted from continued operations of MNOK 362.
- Continued growth of Service division through delivery of two additional ROVs and
- increased sales.
- Solstad Maritime achieved a utilization of 82%. Operating Income of MNOK 1,554 and EBITDA adjusted of MNOK 799 equal to a margin of 51%. Order intake BNOK 4.1.
- Solstad Maritime has intention to initiate quarterly dividend payments for 3Q 2024.
Skudeneshavn, July 16th, 2024
Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89
Solstad Offshore ASA
www.solstad.com