Financial report for the 3rd quarter 2022

17 Nov 2022 17:11 CET

· A quarter with high utilization and improved commercial terms across all
geographical regions and vessel segments.
· The market continue to strengthen despite a challenging macroeconomic
environment.
· Revenues for 3Q 2022 increased by 24 percent to MNOK 1,861 vs MNOK 1,500 in 3Q
2021.
· EBITDA adjusted increased by 44 percent to MNOK 721 vs MNOK 500 in 3Q 2021.
The highest quarterly EBITDA adjusted result in the Company's history.
· Continued weakening in NOK against USD is materially impacting unrealized
currency loss in quarter.
· The positive order intake continues in 3Q 2022 with new contracts signed for
approximately BNOK 2,3.
· During the quarter, 80 vessels have been in operation at an average
utilization of 92 percent.

Skudeneshavn, November 17th, 2022

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA
www.solstad.com

This information is subject of the disclosure requirements according to
the Norwegian Securities Trading Act section § 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

576101_Release.pdf
576101_SOFF_3Q_Report_2022.pdf