Financial report for the 3[rd] quarter 2019
· Revenues for the third quarter of 2019 was MNOK 1,480 vs MNOK 1,404 in 2018 · Adjusted EBITDA for the third quarter was MNOK 504 vs MNOK 431 in 2018 · Equity per September 30th negative with MNOK 2,657 · The Company experiences a positive effect from having a large and versatile fleet of vessels, leading to numerous contract awards world-wide · The activity level in the market shows some signs of improvement, but a challenging winter season is expected in the North Sea · Agreement with the majority of financial creditors to suspend and defer payments of principal and