Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

Bonheur ASA Earnings Release 2014

Feb 18, 2015

3560_rns_2015-02-18_f49b9abc-9c32-4944-8e67-a9e12db18a53.pdf

Earnings Release

Open in viewer

Opens in your device viewer

4 quarter 2014 and preliminary result 2014

18 February 2015

Bonheur ASA - Group of Companies - Highlights 4Q 2014

(4Q 13 in brackets)

  • Operating revenues were NOK 3 466 million (NOK 2 740 million)
  • Operating result before depreciation (EBITDA) was NOK 1 389 million (NOK 880 million)
  • Operating result (EBIT) was NOK 610 million (NOK 51 million)
  • Net result NOK 381 million (NOK 94 million)
  • Earnings per share were NOK 2.20 (NOK 4.70)
  • Proposed dividend payment for 2014:

Bonheur ASA: NOK 2.50 per share Ganger Rolf ASA: NOK 3.00 per share

Bonheur ASA - Group of companies - Consolidated summary

Q
4
1
4		 Q
4
1
3		 2
0
1
4		 2
0
1
3
R
e
e
n
e
s
v
u		 3
4
6
6		 2
4
0
7		 1
2
3
4
7		 1
0
2
5
7
E
B
I
T
D
A		 1
3
8
9		 8
8
0		 4
3
2
2		 4
0
1
2
E
B
I
T		 6
1
0		 1
5
-		 1
3
0
4		 1
5
5
7
S
h
f
l
f
i
t
t
a
r
e
o
r
e
s
u
r
o
m
a
s
s
o
c
a
e
s		 0 3
-		 1
0
8		 1
N
f
i
t
e
n
a
n
c
e		 5
5
-		 1
9
-		 4
0
7
-		 1
9
E
B
T		 6
5
5		 3
7
-		 9
4
2		 1
6
5
7
N
l
f
f
i
i
i
t
t
t
t
t
t
e
r
e
s
a
e
r
a
r
o
m
c
o
n
n
n
g
o
p
e
r
a
o
n
s
u
x
u		 3
8
1		 1
1
4
-		 6
0
5		 1
4
4
7
N
l
f
d
i
i
d
i
t
t
t
t
e
r
e
s
r
o
m
s
c
o
n
n
e
o
p
e
r
a
o
n
s
u
u		 - 1
9		 - 2
0
5
-
N
l
t
t
e
r
e
s
u		 3
8
1		 9
4
-		 6
0
5		 1
2
6
9
*)
N
l
l
i
i
t
t
t
o
n-
c
o
n
r
o
n
g
n
e
r
e
s
s		 3
1
1		 8
5		 3
9
7		 8
6
1
S
f
h
h
l
d
h
t
t
a
r
e
o
e
r
s
o
e
p
a
r
e
n
c
o
m
p
a
n
y		 0
7		 1
2
5
-		 2
0
9		 4
0
8

*) The non-controlling interests 2014 mainly consist of 47.74% of Fred.Olsen Energy ASA ,37.87% of Ganger Rolf ASA and 44.06% of NHST Media Group AS (May – December 2014)

4

Bonheur ASA - Group of Companies - Segment analysis EBITDA

O
(
N
K
i
l
l
i
)
m
o
n		 Q
4
1
4		 Q
4
1
3		 C
h
a
n
g
e
O
f
f
h
d
i
l
l
i
s
o
r
e
r
n
g		 1
0
8
4		 0
4
7		 3
8
0
R
b
l
e
n
e
w
a
e
e
n
e
r
g
y		 2
0
9		 2
2
5		 1
7
-
S
/
O
f
f
h
i
i
h
i
d
p
p
n
g
s
o
r
e
n
w		 7
7		 3
-		 8
0
C
i
r
u
s
e		 3
8		 9
-		 4
7
O
h
t
e
r		 1
8
-		 3
7
-		 1
9
T
l
E
B
I
T
D
A
t
o
a		 1
3
8
9		 8
8
1		 0
9
5

Bonheur ASA - Group of Companies - Segment analysis EBITDA

(
N
O
K
i
l
l
i
)
m
o
n		 2
0
1
4		 2
0
1
3		 C
h
a
n
g
e
O
f
f
h
d
i
l
l
i
s
o
r
e
r
n
g		 3
2
8
4		 3
3
5
8		 7
4
-
R
b
l
e
n
e
w
a
e
e
n
e
r
g
y		 4
8
5		 2
2
5		 2
7
S
/
O
f
f
h
i
i
h
i
d
p
p
n
g
s
o
r
e
n
w		 4
9
5		 1
9
3		 2
6
6
C
i
r
s
e
u		 1
4
6		 6
5		 8
1
O
h
t
e
r		 1
1
6
-		 1
2
5
-		 1
0
T
l
E
B
I
T
D
A
t
o
a		 4
3
2
2		 4
0
1
3		 3
0
9

Bonheur ASA - Group of companies - Condensed statement of Financial position

(
N
O
K
i
l
l
ion
)
m		 P
3
1.
1
2.
1
4
e
r		 P
3
1.
1
2.
1
3
e
r		 P
3
1.
1
2.
1
4
e
r		 P
3
1.
1
2.
1
3
e
r
I
i
b
l
f
i
d
t
t
n
a
n
g
e
e
a
s
s
e
s
x		 1
0
8
1		 4
1
7
D
f
d
t
t
e
e
r
r
e
a
x
a
s
s
e		 2
9
3		 2
2
8		 E
i
d
b
h
h
l
d
i
t
t
q
u
y
o
w
n
e
y
s
a
r
e
o
e
r
s
n
p
a
r
e
n
c
o.		 8
0
3
3		 7
0
9
4
P
l
d
i
t
t
t
r
o
p
e
r
y,
p
a
n
a
n
e
q
u
p
m
e
n		 3
0
0
8
8		 2
2
5
7
7		 )
N
l
l
i
i
**
t
t
t
o
n-
c
o
n
r
o
n
g
n
e
r
e
s
s		 6
6
2
8		 8
9
5
5
I
i
i
t
t
t
n
e
s
m
e
n
s
n
a
s
s
o
c
a
e
s
v		 6 8
5		 T
l
i
t
t
o
a
e
q
u
y		 1
4
6
6
1		 1
2
9
5
3
O
h
f
i
i
l
f
i
d
t
t
e
r
n
a
n
c
a
e
a
s
s
e
s
x		 7
3
6		 7
5
1		 N
i
b
i
l
i
b
i
l
i
i
t
t
t
t
o
n-
c
r
r
e
n
n
e
r
e
s
e
a
r
n
g
a
e
s
u		 1
7
6
0
2		 1
0
2
5
1
T
l
t
t
t
o
a
n
o
n-
c
u
r
r
e
n
a
s
s
e
s		 3
2
2
0
3		 2
4
0
5
9		 O
h
l
i
b
i
l
i
i
t
t
t
e
r
n
o
n-
c
u
r
r
e
n
a
e
s		 1
9
0
4		 1
2
9
0
I
i
d
b
l
t
t
n
v
e
n
o
r
e
s
a
n
c
o
n
s
u
m
a
e
s
p
a
r
e
p
a
r
s		 9
9
6		 1
4
7		 T
l
l
i
b
i
l
i
i
t
t
t
o
a
n
o
n-
c
u
r
r
e
n
a
e
s		 1
9
5
0
6		 1
1
5
4
1
T
d
d
h
i
b
l
t
r
a
e
a
n
o
e
r
r
e
c
e
a
e
s
v		 2
5
8
1		 2
1
4
5		 C
i
b
i
l
i
b
i
l
i
i
t
t
t
t
r
r
e
n
n
e
r
e
s
e
a
r
n
g
a
e
s
u		 1
1
4
8		 2
2
9
1
C
h
d
h
i
l
t
a
s
a
n
c
a
s
e
q
u
v
a
e
n
s		 6
4
5
7		 3
9
5
7		 O
h
l
i
b
i
l
i
i
t
t
t
e
r
c
u
r
r
e
n
a
e
s		 6
1
3
8		 1
2
5
5
T
l
t
t
t
o
a
c
r
r
e
n
a
s
s
e
s
u		 5
9
2
0		 8
2
3
8		 T
l
l
i
b
i
l
i
i
t
t
t
o
a
c
r
r
e
n
a
e
s
u		 7
2
8
6		 7
8
0
3
T
l
t
t
o
a
a
s
s
e
s		 4
1
4
5
3		 3
2
2
9
7		 i
i
i
i
i
T
l
d
l
b
l
t
t
t
o
a
e
q
u
y
a
n
a
e
s		 4
1
4
5
3		 3
2
2
9
7

*) The non-controlling interests mainly consist of 47.74% of Fred.Olsen Energy ASA , 37.87% of Ganger Rolf ASA and 44.06% of NHST Media Group AS (May – December 2014)

7

Bonheur ASA - Group of companies - Cash flow statement

(
O
)
N
K
i
l
l
i
m
o
n		 2
0
1
4		 2
0
1
3
N
h
f
l
f
i
i
i
i
t
t
t
t
e
c
a
s
o
w
r
o
m
o
p
e
r
a
n
g
a
c
v
e
s		 3
0
9
5		 3
4
0
8
f
f
N
h
l
i
i
i
i
i
t
t
t
t
e
c
a
s
o
r
o
m
n
e
s
n
g
a
c
e
s
w
v
v		 2
7
5
5
-		 1
9
2
7
-
N
h
f
l
f
f
i
i
i
i
i
t
t
t
e
c
a
s
o
w
r
o
m
n
a
n
c
n
g
a
c
v
e
s		 4
0
4
6		 3
6
2
-
F
i
f
f
t
o
r
e
g
n
c
r
r
e
n
c
e
e
c
s
u
y		 0
6
7		 2
3
2
N
h
i
h
d
h
i
l
t
t
e
c
a
n
g
e
n
c
a
s
a
n
c
a
s
e
q
a
e
n
s
u
v		 2
9
5		 1
3
5
2
C
h
b
l
b
i
i
f
i
d
a
s
a
a
n
c
e
e
g
n
n
n
g
o
p
e
r
o		 3
9
5
7		 4
0
2
7
C
h
b
l
d
f
i
d
t
a
s
a
a
n
c
e
a
e
n
o
p
e
r
o		 5
6
7
4		 5
3
7
9

Ganger Rolf ASA - Group of companies - Consolidated summary

4
Q
1
4		 4
Q
1
3		 2
0
1
4		 2
0
1
3
R
e
v
e
n
u
e
s		 0 0 0 0
E
B
I
T
D
A		 1
3
-		 1
8
-		 6
2
-		 4
6
-
E
B
I
T		 1
3
-		 1
8
-		 6
4
-		 4
8
-
S
h
f
l
f
i
t
t
a
r
e
o
r
e
s
r
o
m
a
s
s
o
c
a
e
s
u		 9
8		 6
5
-		 2
0
7		 5
0
2
f
N
i
t
e
n
a
n
c
e		 3
9
-		 6
2
-		 6
6
-		 9
6
-
E
B
T		 4
6		 1
4
6
-		 7
7		 3
8
5
N
l
f
f
i
i
i
t
t
t
t
t
t
e
r
e
s
u
a
e
r
a
x
r
o
m
c
o
n
n
u
n
g
o
p
e
r
a
o
n
s		 4
3		 1
4
7
-		 7
3		 3
5
0
f
N
l
d
i
i
d
i
t
t
t
t
e
r
e
s
r
o
m
s
c
o
n
n
e
o
p
e
r
a
o
n
s
u
u		 - 1
0		 - 1
0
3
-
N
l
t
t
e
r
e
s
u		 4
3		 1
3
8
-		 3
7		 2
4
7

Ganger Rolf ASA - Group of companies - Segment analysis - Net result

(NOK million)

N
l
t
t
t
e
r
e
s
p
e
r
s
e
g
m
e
n
u		 4
Q
1
4		 4
Q
1
3		 C
h
a
n
g
e
O
f
f
h
d
i
l
l
i
s
o
r
e
r
n
g		 1
7
3		 6
8		 1
0
5
R
b
l
e
n
e
w
a
e
e
n
e
r
g
y		 1
5
-		 1
3
6		 1
1
5
-
S
/
O
h
i
i
f
f
h
i
d
p
p
n
g
s
o
r
e
n
w		 3
9
-		 1
9
-		 2
0
-
C
i
r
u
s
e		 3
1
-		 2
6
8
-		 2
3
7
O
h
t
e
r		 4
5
-		 4
3
-		 2
-
D
i
i
d
i
t
t
s
c
o
n
n
e
o
p
e
r
a
o
n
s
u		 0 1
2
-		 1
2
T
l
l
t
t
t
o
a
n
e
r
e
s
u		 4
3		 1
3
8
-		 1
8
1
N
l
t
t
t
e
r
e
s
u
p
e
r
s
e
g
m
e
n		 2
0
1
4		 2
0
1
3		 C
h
a
n
g
e
O
f
f
h
d
i
l
l
i
s
o
r
e
r
n
g		 2
0
8		 4
5
3		 2
4
5
-
R
b
l
e
n
e
a
e
e
n
e
r
g
w
y		 3
6
-		 1
8
4		 2
2
0
-
S
h
i
i
/
O
f
f
h
i
d
p
p
n
g
s
o
r
e
n
w		 5
4		 6
9		 1
5
-
C
i
r
u
s
e		 6
0
-		 3
1
8
-		 2
8
5
O
h
t
e
r		 9
3
-		 1
6
-		 7
7
-
D
i
i
d
i
t
t
s
c
o
n
n
u
e
o
p
e
r
a
o
n
s		 0 1
2
4
-		 1
2
4
T
l
l
t
t
t
o
a
n
e
r
e
s
u		 3
7		 2
4
7		 1
7
5
-

Ganger Rolf ASA - Group of companies - Condensed statement of Financial Position

(
N
O
K
i
l
l
io
)
m
n		 P
3
1.
1
2.
1
4
e
r		 P
3
1.
1
2
1
3
e
r
D
f
d
t
t
e
e
r
r
e
a
a
s
s
e
x		 0 1
P
l
d
i
t
t
t
r
o
p
e
r
p
a
n
a
n
e
q
p
m
e
n
y
u
,		 3
4		 3
5
I
i
i
t
t
t
n
v
e
s
m
e
n
s
n
a
s
s
o
c
a
e
s		 6
8
0
0		 6
0
9
8
O
h
f
i
i
l
f
i
d
t
t
e
r
n
a
n
c
a
x
e
a
s
s
e
s		 4
5
7		 3
4
7
T
l
t
t
t
o
a
n
o
n
-c
r
r
e
n
a
s
s
e
s
u		 4
0
8
7		 6
4
8
1
I
i
d
b
l
t
t
n
v
e
n
o
r
e
s
a
n
c
o
n
s
u
m
a
e
s
p
a
r
e
p
a
r
s
T
d
d
h
i
b
l
t
r
a
e
a
n
o
e
r
r
e
c
e
v
a
e
s		 3
3
2		 1
1
6
C
h
d
h
i
l
t
a
s
a
n
c
a
s
e
q
u
v
a
e
n
s		 9
4
4		 1
1
7
T
l
t
t
t
o
a
c
u
r
r
e
n
a
s
s
e
s		 1
2
5
7		 2
8
7
T
l
t
t
o
a
a
s
s
e
s		 8
6
8
4		 6
6
8
7
T
l
i
t
t
o
a
e
q
u
y		 5
3
6
2		 4
9
9
1
T
l
l
i
b
i
l
i
i
t
t
t
o
a
n
o
n
-c
r
r
e
n
a
e
s
u		 1
8
4
7		 8
9
3
T
l
l
i
b
i
l
i
i
t
t
t
o
a
c
r
r
e
n
a
e
s
u		 1
4
4
8		 8
8
4
T
l
i
d
l
i
b
i
l
i
i
t
t
t
o
a
e
q
a
n
a
e
s
u
y		 8
6
8
4		 6
6
8
7

Offshore drilling

Offshore drilling - Financial summary 4Q 2014

(4Q 2013 in brackets)

  • Revenues were USD 298 million (USD 298 million)
  • EBITDA were USD 157 million (USD 117 million)
  • Operating profit (EBIT) was USD 71 million (USD 57 million)
  • Profit before tax was USD 104 million (USD 52 million)
  • Earnings per share were USD 1.4 (USD 0.7)

Post quarter event:

Suspending the dividend payment

Offshore drilling – Operating worldwide

Offshore drilling - Contract overview

Offshore drilling - Key financials

N
O
K		 i
l
l.
m
(
O
)
N
K
i
l
l
io
m
n		 2
0
1
4		 2
0
1
3		 2
0
0
5
R
e
v
e
n
u
e
s		 7
4
7
5		 7
0
2
2
E
B
I
T
D
A		 3
2
8
4		 3
3
8
5
E
B
I
T		 6
3
3		 1
9
3
5		 2
0
0
0
E
B
T		 9
8
5		 1
8
4
1
N
t
t
o
n-
c
u
r
r
e
n
a
s
s
e
s		 2
1
9
0
0		 1
5
3
2
7
C
t
t
u
r
r
e
n
a
s
s
e
s		 3
8
8
3		 3
3
2
4		 0
0
1
5
T
l
t
t
o
a
a
s
s
e
s		 2
8
3
5
7		 1
8
6
2
5
E
i
t
q
u
y		 9
2
2
7		 8
4
1
7
I
b
i
d
b
t
t
t
n
e
r
e
s
e
a
r
n
g
e		 1
0
3
7
7		 4
8
2
7		 1
0
0
0
N
i
b
i
d
b
t
t
t
o
n
n
e
r
e
s
e
a
r
n
g
e		 5
2
8
8		 5
1
3
0
T
l
i
d
l
i
b
i
l
i
i
t
t
t
o
a
e
q
u
y
a
n
a
e
s		 2
8
3
5
7		 1
8
6
2
5
N
h
f
i
i
i
i
t
t
t
t
e
c
a
s
r
o
m
o
p
e
r
a
n
g
a
c
v
e
s		 2
4
8
1		 2
9
3
4		 5
0
0
N
h
f
i
i
i
i
i
t
t
t
t
e
c
a
s
r
o
m
n
v
e
s
n
g
a
c
v
e
s		 6
9
7
6
-		 1
2
3
2
-
N
h
f
f
i
i
i
i
i
t
t
t
e
c
a
s
r
o
m
n
a
n
c
n
g
a
c
v
e
s		 4
2
3
5		 1
8
0
8
-
N
h
i
h
d
h
i
l
t
t
e
c
a
n
g
e
n
c
a
s
a
n
c
a
s
e
q
a
e
n
s
u
v		 2
4
2
-		 1
0
7
-		 0 4
Q
1
3		 1
Q
1
4		 2
Q
1
4		 3
Q
1
4		 4
Q
1
4
C
h
d
h
i
l
d
f
i
d
t
a
s
a
n
c
a
s
e
q
u
v
a
e
n
s
e
n
o
p
e
r
o		 1
5
1
2		 1
3
5
1		 Re
E
ve
nu
es		 B
I
T
D
A
E
B
I
T

16

Renewable energy

Renewable energy - Overview

  • Total production capacity of 504.1 MW
  • Six operating wind farms in Scotland (432.8MW)
  • One operating wind farm in Norway (71.3 MW)
  • Construction:
  • Fäbodliden (78 MW) in Sweden. The construction has commenced with expected completion in 1Q16

Consented and development:

  • 726 MW consented onshore in Scotland, Sweden and Norway
  • Approx. 500 MW consented offshore Ireland
  • Development pipeline of 700 1 280 MW onshore in Norway, Sweden and UK
  • Approx. 500 MW under development offshore Ireland

Renewable energy - Business Model and Project Portfolio Development Consented Operation ScotlandNorway SwedenTotal portfolio Onshore portfolio Scotland – 100-180 MWCrystal Rig extension Rothes extensionPaul's Hill extensionWindy Standard III Norway – 300-600 MW PortfolioIreland – 500 MWCodling II – 500 MW offshore (50% owned; total 1000 MW) Sweden – 300-500 MWFORSCA-projects Verkanliden1 200 - 1 780 MW700 - 1 280 MWScotlandWindy Standard II – 75 MW IrelandCodling Bank – 500 MW offshore (50% owned; total 1000 MW) Norway Gravdal – 90 MWGilja – 135 MW Fálesrášša– 90 MW (50% owned of total 180 MW) Gismarvik 9 MW (60% owned of total 15 MW) Kalvvatnan 225 MWSwedenHögaliden 102 MW 1 226 MW726 MWScotlandCrystal Rig – 62.5 MW Crystal Rig II - 138.0 MW Rothes – 50.6 MWRothes II – 41.4 MWPaul's Hill – 64.4 MWMid Hill – 75,9 MW Norway Lista – 71.3 MW504,1 MW 504,1 MW Site Investigation ConstructionSwedenFäbodliden 78 MW78 MW78 MW

Renewable energy - Projects in Scandinavia

Renewable energy - Key financials

O
(
N
K
i
l
l
io
)
m
n		 2
0
1
4		 2
0
1
3
R
e
v
e
n
u
e
s		 8
1
2		 7
2
6
E
B
I
T
D
A		 5
4
8		 5
2
2
E
B
I
T		 2
3
7		 2
8
0
E
B
T		 4
7
-		 3
9
3
N
t
t
o
n-
c
r
r
e
n
a
s
s
e
s
u		 4
6
6
5		 3
6
3
0
C
t
t
u
r
r
e
n
a
s
s
e
s		 1
1
7
5		 1
5
5
5
T
l
t
t
o
a
a
s
s
e
s		 6
3
8
1		 5
1
8
6
E
i
t
q
u
y		 1
3
1
0		 5
6
1
I
b
i
d
b
t
t
t
n
e
r
e
s
e
a
r
n
g
e		 4
5
3
5		 3
5
0
1
N
i
b
i
d
b
t
t
t
o
n
n
e
r
e
s
e
a
r
n
g
e		 5
3
5		 1
1
2
4
T
l
i
d
l
i
b
i
l
i
i
t
t
t
o
a
e
q
u
y
a
n
a
e
s		 6
3
8
1		 5
1
8
6
N
h
f
i
i
i
i
t
t
t
t
e
c
a
s
r
o
m
o
p
e
r
a
n
g
a
c
v
e
s		 3
1
5		 3
7
0
N
h
f
i
i
i
i
i
t
t
t
t
e
c
a
s
r
o
m
n
v
e
s
n
g
a
c
v
e
s		 9
0
5
-		 8
7
5
-
f
f
N
h
i
i
i
i
i
t
t
t
e
c
a
s
r
o
m
n
a
n
c
n
g
a
c
e
s
v		 5
1
8		 5
3
3
N
h
i
h
d
h
i
l
t
t
e
c
a
n
g
e
n
c
a
s
a
n
c
a
s
e
q
u
v
a
e
n
s		 3
7
-		 1
4
5
C
f
h
d
h
i
l
d
i
d
t
a
s
a
n
c
a
s
e
q
a
e
n
s
e
n
o
p
e
r
o
u
v		 1
2
3
0		 1
1
4
7

NOK mill.

Renewable energy - Wind farms

Shipping / Offshore wind

Shipping / Offshore wind - Overview

Fred. Olsen Windcarrier

  • Two transport and installation vessels for offshore wind turbines; "Brave Tern" (2012) and "Bold Tern" (2013)
  • Contracts:
    • Installation work contracts for Brave Tern and Bold Tern at the Global Tech I wind farm for Global Tech I Offshore Wind GmbH in the German exclusive economic zone (EEZ) completed in December 2014. Contract for Brave Tern commenced in December 2013 and for Bold Tern in March 2014. Additional contracts for Brave Tern currently estimated to be completed in 1st half 2015.
    • Installation work contract for 80 turbines at the "Butendiek" offshore wind power plant off Germany's North Sea coast for Siemens AG with estimated duration 250 days. Bold Tern commenced the work in September 2014.
    • Installation work of 5 large 6MW Alstom wind turbines offshore of Rhode Island, United Stated. Duration firm period of 65 days, plus extensions for up to 48 days. Commencing 3Q 2016.
  • Fleet of eight crew vessels. Currently employed in the UK, Germany and Denmark, respectively.
  • 51% ownership of Global Wind Service A/S, Denmark, an international supplier of qualified and skilled personnel to the global wind turbine industry.

Universal Foundation

82% ownership of Universal Foundation A/S, Denmark, which has developed the design of the foundation ("The Bucket Foundation") for offshore wind turbines. Installed first two of three complete meteorological masts including foundations offshore UK.

Shipping / Offshore wind – Key financials

(
N
O
K
i
l
l
ion
)
m		 2
0
1
4		 2
0
1
3
Re
ve
nu
e
s		 1
2
5
7		 1
0
1
7
E
B
I
T
D
A		 4
5
9		 1
9
3
E
B
I
T		 3
2
6		 3
7
E
B
T		 2
2
2		 1
0
2
No
t a
ts
n-
cu
rre
n
s
s
e		 2
5
3
9		 2
6
7
3
C
t a
ts
u
rre
n
s
s
e		 8
3
7		 1
3
4
9
To
l a
ta
ts
s
s
e		 3
3
2
2		 4
0
2
3
Eq
i
ty
u		 1
6
3
7		 1
3
7
7
In
b
in
d
b
te
t
t
re
s
e
a
r
g
e		 1
2
3
7		 1
0
9
5
No
in
b
in
d
b
te
t
t
n
re
s
e
a
r
g
e		 3
6
7		 7
7
7
To
l e
i
d
l
ia
b
i
l
i
ie
ta
ty
t
q
u
a
n
s		 3
3
2
2		 4
0
2
3
Ne
h
fro
in
iv
i
ie
t c
t
t
t
a
s
m
o
p
e
ra
g
a
c
s		 4
5
7		 4
8
5
-
Ne
h
fro
in
in
iv
i
ie
t c
t
t
t
a
s
m
ve
s
g
a
c
s		 3
0
2		 4
7
0
Ne
h
fro
f
in
in
iv
i
ie
t c
t
t
a
s
m
a
nc
g
a
c
s		 9
9
1
-		 1
9
8
Ne
ha
in
h
d
h
iva
le
t c
ts
ng
e
c
a
s
a
n
c
a
s
e
q
u
n		 1
1
6
-		 2
0
9
C
h
d
h
iva
le
d
f p
io
d
ts
a
s
a
n
c
a
s
e
q
u
n
e
n
o
e
r		 4
2
2		 4
4
5

Revenues

EBITDA

EBIT

NOK mill.

Shipping / Offshore wind - Vessels

Cruise

Cruise - Overview

  • Owns and operates four cruise ships;
  • MV Black Watch
  • MV Braemar
  • MV Boudicca
  • MV Balmoral
  • Offers a diverse range of cruise holidays from long round the world trips to ex UK cruises to Scandinavia, Mediterranean and Canary Island
  • Total passenger capacity: 4 000

Cruise - Key financials

N
O
K
m		 i
l
l.
(
O
)
N
K
i
l
l
io
m
n		 2
0
1
4		 2
0
1
3		 6
0
0
R
e
v
e
n
u
e
s		 1
6
5
5		 1
4
7
0
E
B
I
T
D
A		 1
4
6		 6
5
E
B
I
T		 3
9
-		 6
1
3
-		 4
0
0
E
B
T		 1
1
9
-		 6
3
6
-
N
t
t
o
n-
c
u
r
r
e
n
a
s
s
e
s		 1
6
0
8		 1
4
1
5		 2
0
0
C
t
t
u
r
r
e
n
a
s
s
e
s		 2
1
9		 3
4
0
T
l
t
t
o
a
a
s
s
e
s		 1
8
2
7		 1
9
1
7
E
i
t
q
u
y		 4
0
8		 3
9
7		 0
I
b
i
d
b
t
t
t
n
e
r
e
s
e
a
r
n
g
e		 6
3
6		 7
6
0
N
i
b
i
d
b
t
t
t
o
n
n
e
r
e
s
e
a
r
n
g
e		 8
2
7		 6
2
5
T
l
i
d
l
i
b
i
l
i
i
t
t
t
o
a
e
q
u
y
a
n
a
e
s		 1
8
2
7		 1
9
1
7		 ‐2
0
0
f
N
h
i
i
i
i
t
t
t
t
e
c
a
s
r
o
m
o
p
e
r
a
n
g
a
c
e
s
v		 1
0
5		 7
4
8
f
N
h
i
i
i
i
i
t
t
t
t
e
c
a
s
r
o
m
n
e
s
n
g
a
c
e
s
v
v		 4
9
-		 1
2
9
-		 ‐4
0
0
N
h
f
f
i
i
i
i
i
t
t
t
e
c
a
s
r
o
m
n
a
n
c
n
g
a
c
v
e
s		 5
7
-		 7
9
5
-
N
h
i
h
d
h
i
l
t
t
e
c
a
n
g
e
n
c
a
s
a
n
c
a
s
e
q
a
e
n
s
u
v		 2
-		 1
6
7
-		 ‐6
0
0
C
h
d
h
i
l
d
f
i
d
t
a
s
a
n
c
a
s
e
q
u
v
a
e
n
s
e
n
o
p
e
r
o		 2
1
3		 8
0		 4
Q
1
3		 1
Q
1
4		 2
Q
1
4		 3
Q
1
4
Re
E
B
I
ve
nu
es		 4
Q
1
4
T
D
A
E
B
I
T

30

Cruise – Ships

Other Investments

Other investments - Overview

NHST Media Group AS (54.0%)

  • Comprising four main business segments; Dagens Næringsliv, Digital & Nordic (New Media, Europower, TDN), Global (Tradewinds, Upstream, Intrafish and Recharge) and Nautical Charts
  • Operating revenues for the quarter were NOK 327 million (NOK 327 million).
  • EBITDA (IFRS) was NOK 9 million
  • In May 2014, Bonheur ASA and Ganger Rolf ASA increased their combined shareholding to 54.0%
  • Since May 2014, NHST Media Group is consolidated in Bonheur ASA's accounts

Koksa Eiendom AS (previously IT Fornebu Properties AS) (12.6%)

  • Development of office property (mainly) at Fornebu.
  • Occupancy to customers within information technology/hightech/telecom

www.bonheur.net www.ganger-rolf.com

More from Bonheur ASA

Notice of Dividend Amount 2026
May 28
Declaration of Voting Results & Voting Rights Announcements 2026
May 27
Declaration of Voting Results & Voting Rights Announcements 2026
May 27
Board/Management Information 2026
May 27
Investor Presentation 2026
May 12
Interim / Quarterly Report 2026
May 12
Interim / Quarterly Report 2026
May 12
AGM Information 2026
May 6
AGM Information 2026
May 6
Annual Report 2026
Apr 28
View all filings →