Report for the 1st quarter 2015

FRED.OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF USD 157 MILLION IN 1Q 2015

HIGHLIGHTS

  • Revenues were 284 million
  • EBITDA was 157 million
  • Operating profit  (EBIT) was 66 million
  • Profit before tax was 75 million
  • Earnings per share were 1.05

About Us

Fred. Olsen Energy ASA (the Company) is listed on the Oslo Stock Exchange and provides exploration and production services to the offshore oil and gas industry building on 150 years experience in shipping and more than 35 years in offshore drilling. The Company focuses on rewarding long term customer relationships where innovative and integrated solutions are presented to the benefit of our customers, shareholders and employees.

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