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, especially in the North Sea
Skudeneshavn, February 27th, 2020
Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 40 04 29 18
Solstad Offshore ASA
www.solstad.com
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