- Solstad achieved a solid EBITDA margin of 46% in 4Q 2023.
- The CSV segment concluded a quarter with high utilization and improved commercial terms across geographical regions.
- Operating income from continued operations for 4Q 2023 increased by 71 percent to MNOK 2,023 compared to MNOK 1,185 in 4Q 2022.
- EBITDA adjusted from continued operations increased by 174 percent to MNOK 923 compared to MNOK 336 in 4Q 2022.
- High utilization of 94 percent for vessels in operation during the quarter.
- Building a service division that enables an offering of additional services, such as ROVs, tooling, project personnel, engineering support. During 4Q, the Company established a management for the segment, and prepared for the investment program of 10 new work class ROVs.
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The Refinancing of the Company, and the new group and ownership structure, was completed on
16 January 2024
Skudeneshavn, February 29[th], 2024
Contacts
Kjetil Ramstad CFO, at +47 90 75 94 89
www.solstad.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
http://publish.ne.cision.com//Release/ViewReleaseHtml/60F2ED2DB2736BD5E0C856B0705FC7D6
https://mb.cision.com/Main/16896/3938296/2639783.pdf
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