Financial report for the 4[th] quarter 2019
· The discussions with the financial creditors to find a consensus based long-term solution for the Company’s financial situation continues · Revenues for the fourth quarter of 2019 was MNOK 1,247 vs MNOK 1,192 in 2018 · EBITDA (adjusted) for the fourth quarter was MNOK 319 vs MNOK 247 in 2018 · 2019 vs 2018 full year EBITDA (adjusted) improved by MNOK 471 · Impairment of MNOK 587 for Q4 2019 (MNOK 867 FY2019) · Booked equity per 31 December 2019 was negative with MNOK 3,583 · The activity level in the market shows signs of improvement, but with seasonal variation,