Report for the 1st quarter 2018

Figures in USD

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF USD 32 MILLION IN 1Q 2018

HIGHLIGHTS

  • Revenues were 71 million
  • EBITDA was 32 million
  • Operating profit (EBIT) was - 25 million
  • Profit before tax was - 43 million
  • Earnings per share were - 0.64

  • The remaining part of termination fee for Bolette Dolphin was booked in the quarter

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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