Solstad Offshore ASA financial report for the 2nd quarter & 1st half year 2024

16 Jul 2024 07:01 CEST

· On 19 June 2024 the MNOK 750 share issue in Solstad Maritime towards
eligible shareholders in Solstad Offshore ASA was completed. This concluded the
"Refinancing" of Solstad Offshore ASA.
· Solstad Offshore completed the refinancing of the vessel Normand Superior
during 2Q 2024. The new financing is extended to May 2028
· Solstad Offshore achieved order intake of BNOK 2.6 in the quarter.
· Solstad Offshore had a utilization of 97% for vessels in operation.
· Operating Income from continued operations for 2Q 2024 of MNOK 746.
· EBITDA adjusted from continued operations of MNOK 362.
· Continued growth of Service division through delivery of two additional ROVs
and increased sales.
· Solstad Maritime achieved a utilization of 82%. Operating Income of MNOK
1,554 and EBITDA adjusted of MNOK 799 equal to a margin of 51%. Order intake
BNOK 4.1.
· Solstad Maritime has intention to initiate quarterly dividend payments for
3Q 2024.

Skudeneshavn, July 16th, 2024

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 pursuant to section 5
-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

623693_Solstad_Offshore_2Q_2024_Presentation.pdf
623693_Solstad_2Q24_Report_15_07_24_final.pdf