AMSC ASA - Third quarter 2022 results
Lysaker, 22 November 2022, AMSC ASA (“AMSC” or the “Company”) announces results for the third quarter ending 30 September 2022. HIGHLIGHTS · Stable financial performance with bareboat revenue of USD 22.3 million, normalized EBITDA of USD 22.6 million and adjusted net profit of USD 5.0 million · On 15 September 2022, AMSC conducted an equity private placement of NOK 404.9 million, which was partially used to fund the purchase of the offshore construction vessel, Normand Maximus. The vessel was acquired on 18 October 2022 and commenced a long-term bareboat charter with a