First Quarter results 2023
Fornebu, 24[th] May 2023, Ocean Yield AS (“Ocean Yield” or the “Company”) announces results for the first quarter of 2023.Highlights · EBITDA for Q1 2023 was USD 58.1 million and EBITDA adjusted for finance lease effects was USD 87.4 million. · Net profit for Q1 2023 was USD 23.0 million. · Strong balance sheet, with an equity ratio of 30.5% and USD 113 million in cash. · During the quarter, the Company repaid the OCY05 bond of NOK 750 million. · A new bond loan, OCY08 was issued with a nominal amount of NOK 750 million. In connection with the bond issue, the Company