Viking Supply Ships

Viking Supply Ships A/S Interim Report Q1 2016

Press release

Total revenue for Q1 was MUSD 27.7 (34.8), of which vessel operations contribute

with MUSD 23.2 (22.9) and Services and Ship Management segments contribute with

MUSD 4.5 (11.9). The EBITDA for Q1 was MUSD 7.7 (9.3).

The operating result (EBIT) for Q1 was MUSD 2.5 (3.4). The net result for Q1 was

MUSD -4.1 (-4.6). The result for Q1 was negatively impacted by an unrealized

currency loss of MUSD -2.8 (-4.8).

The average fixture rate in Q1 was USD 63,600 (54,100) for the AHTS fleet and

USD 6,200 (7,500) for the PSV fleet. The average utilization in Q1 was 56% (71%)

for the AHTS fleet and 39% (33%) for the PSV fleet. These figures exclude the

laid-up vessels.

For further information please contact:

Ulrik Hegelund, CFO, ph. +45 41 77 83 97, e-mail

Morten G. Aggvin, IR & Treasury Director, ph. +47 41 04 71 25, e-mail

Viking Supply Ships AB (publ) is a Swedish company with headquarter in

Gothenburg, Sweden. Viking Supply Ships A/S is a subsidiary of Viking Supply

Ships AB (publ). In addition Viking Supply Ships AB (publ) has the subsidiary

TransAtlantic AB. The operations are focused on offshore and icebreaking

primarily in Arctic and subarctic areas as well as on Shipping services mainly

between the Baltic Sea and the Continent. The company has in total about 500

employees and the turnover in 2015 was MSEK 1,977. The company's B-shares are

listed on the NASDAQ Stockholm, Small Cap segment. For further information,

please visit: www.vikingsupply.com The information was submitted for publication

on 10 June 2016 17:31

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