Oceanteam ASA reports full year 2022 results

05 Apr 2023 13:26 CEST

The financial year 2022 was another transitional year for Oceanteam with the
sale of the Oceanteam Solutions segment that was finalised in January 2023.
Including the earlier divestment of the Oceanteam Shipping segment, Oceanteam
has now divested all its loss-making business segments.

The operations relating to Oceanteam Shipping and Oceanteam Solutions are
presented under discontinued operations in the consolidated income statement.

The loss from continuing operations has decreased from USD 1.5 million in 2021
to USD 1.2 million in 2022. The total loss has increased from USD 3.2 million in
2021 to USD 8.2 million in 2022 due to the increased loss from discontinued
operations.

For further information about Oceanteam ASA please visit www.oceanteam.no or
contact:

Michael Timson
CEO
Oceanteam ASA
Telephone: +47 55 10 82 40
E-mail: info@oceanteam.no

More information:
Access the news on Oslo Bors NewsWeb site

587232_213800AVDTP5HXHL3548-2022-12-31-en.zip
587232_Oceanteam ASA - 2022 Annual Report.pdf