Report for the 4th quarter 2014 and preliminary results for 2014

Figures in USD

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 157 MILLION FOR THE 4TH QUARTER 2014 AND EBITDA OF 516 MILLION FOR THE YEAR 2014

HIGHLIGHTS FOR THE QUARTER

  • Revenues were 298 million
  • EBITDA were 157 million
  • Operating profit (EBIT) was 71 million
  • Profit before tax was 104 million
  • Earnings per share were 1.4

         Post quarter events:

  • Suspending the dividend payment

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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