Argeo AS

Earnings Release • Sep 11, 2024

Argeo AS: Argeo presents at the Pareto Securities' Annual Energy Conference 2024

Argeo AS: Argeo presents at the Pareto Securities' Annual Energy Conference 2024

Asker, 11.09.2024 Trond Crantz, CEO of Argeo, is presenting today at Pareto Securities' Energy Conference in Oslo.

Presentation highlights – a strong H1’ 2024

Revenues: USD 25.1 million, up 561% from H1 2023

EBITDA: USD 7.1 million, up 384% from H1 2023

Profit: USD 1.1 million, up 128% from H1 2023

Total contract value secured in H1 for 2024: USD 71 million up 914% from H1 2023

Backlog for production H2 2024: USD 45 million

The Pareto Securities’ Energy Conference takes place at Scandic Holmenkollen Park, with Crantz’s presentation scheduled for 11:45 CEST in meeting room Gyda & Gunhild.

A copy of the presentation is attached and is also available for download from the Company website.

For more information, please contact:

Trond Figenschou Crantz, CEO

Email: trond.crantz@argeo.no

Phone: +47 976 37 273

About Argeo

Argeo is an Offshore Service company with a mission to transform the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. Equipped with unique sensors and advanced digital imaging technology, the Autonomous Underwater Vehicles (AUV’s) will significantly increase efficiency and imaging quality in addition to contributing to significant reduction in CO2 emissions from operations for the global industry in which the Company operates.

The Company’s highly accurate digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow waters to the deepest oceans for the market segments Oil & Gas, Renewables, Marine Minerals and Offshore Installations. Argeo was established in 2017 and has offices in Asker (Oslo), Tromsø, Stockholm, Edinburgh, Houston, Rio de Janeiro, and Singapore. Since its incorporation, Argeo has carried out complex projects for some of Norway’s largest companies in the field.

The company is listed on The Euronext Growth in Oslo under the ticker: ARGEO.

Please visit www.argeo.no for more information.