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Eidesvik Offshore Interim / Quarterly Report 2017

Feb 27, 2018

3586_rns_2018-02-27_707eba7d-d15c-4c87-bd25-6b94056a5616.html

Interim / Quarterly Report

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FINANCIAL REPORT 4th QUARTER 2017

FINANCIAL REPORT 4th QUARTER 2017

In 4th Quarter 2017 Eidesvik Offshore ASA had consolidated operating income of MNOK 133,0 (MNOK 209,4 in the corresponding period in 2016, included termination fee of MNOK 35,3). Operating profit before depreciations (EBITDA) was MNOK 33,3 (MNOK 135,9), and operating profit (EBIT) was MNOK -158,9 (MNOK -378,3) after an impairment on the company's vessels of MNOK 114,0 (MNOK 303,5). Profit from Joint Ventures was MNOK -24,6 (MNOK -142,0 after an impairment on the vessels in Joint Ventures). Net financial items was MNOK -61,6 (MNOK -136,3). Profit after tax was MNOK -221,1 (MNOK -513,9).

Contact: CEO Jan Fredrik Meling (TEL +47 916 75 119)