Financial report for the 1st quarter 2022
· High order intake in 1Q 2022, with signed new contracts worth approximately NOK 2.6 billion. The market outlook for the Company’s services continue to improve. · During the quarter, 78 vessels have been in operation at an average utilization of 81 precent. · The quarter affected by high maintenance and docking activity. · Revenues for 1Q 2022 decreased by 7% to MNOK 1,245 vs MNOK 1,337 in 1Q 2021. Adjusted EBITDA decreased by 52% to MNOK 208 vs MNOK 432 in 1Q 2021. · The decrease in revenue and EBITDA is due to a one-time termination fee of MNOK 378 booked in 1Q 2021. Adjusted