Eidesvik Offshore - Earnings Release 2015

FINANCIAL REPORT 3rd QUARTER 2015

In 3rd Quarter 2015 Eidesvik Offshore ASA had

consolidated operating income of MNOK 308,7. In 3rd

Quarter 2014 the operating income was MNOK 259,1.

Operating profit before depreciations (EBITDA) was

MNOK 193,2 compared to MNOK 147,6 last year. Operating

profit (EBIT) was MNOK 131,1 compared to MNOK 91,0

last year. Profit after tax was a loss of MNOK -78,4

(MNOK -8,5).

For the period 1.1 - 30.9 total operating income was

MNOK 895,7 corresponding MNOK 725,4 last year. EBITDA

was MNOK 538,1, corresponding MNOK 360,1 last year and

EBIT was MNOK 350,8 corresponding last years MNOK

181,9. Profit after taxes per 30th of September 2015

was a loss of MNOK -37,6 corresponding a profit of

MNOK 22,3 in corresponding period 2014.

The profit per 30th of September is significantly

positive influenced by profit from the Construction

vessel Viking Neptun that was delivered in the

beginning of 2015. Two Supply vessels have been traded

in the spot market and have had negative influence on

the profit. One of these are no on contract and the

other one in layup. Realized and unrealized currency

on loan and derivatives have been recorded with a

total loss of MNOK 281,7 in the first 9 months of

2015.

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