Financial report for the 2nd quarter 2020
· Revenues for the second quarter of 2020 was MNOK 1,332 vs MNOK 1,372 in 2019, while EBITDA (adjusted) for the second quarter was MNOK 411 vs MNOK 440 in 2019 · Stable operational performance during the quarter · Impairment of MNOK 960 in the quarter mainly driven by postponed market recovery · Adjusted EBITDA improvement of MNOK 31 in 1H 2020 (MNOK 694 vs MNOK 663) compared to 1H 2019 · On May 8th, 2020, Solstad signed a Restructuring Implementation Agreement with a vast majority of its creditors for a financial restructuring of the Group · There is a risk that COVID-19