Report 2nd quarter 2019

Wed, Aug 28, 2019 18:03 CET

Revenues for the second quarter of 2019 was MNOK 1,372 vs MNOK 1,359 in 2018, while Adjusted EBITDA amounted to MNOK 440 vs MNOK 356 in 2018
Adjusted EBITDA improvement of MNOK 216 in 1H 2019 (MNOK656 vs MNOK440)
Equity per June 30th negative with MNOK 1,655
The activity level in the market shows some signs of improvement
Agreement with certain financial creditors to suspend and defer payments of principal and interest extended until October 31th, 2019

Skudeneshavn, August 28th, 2019

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

This information is subject of the disclosure requirements according to the Norwegian Securities Trading Act section § 5-12.

Tags:

financial report SOFF Solstad Solstad Offshore ASA