Argeo AS: Argeo presents at the Pareto Securities' Annual Energy Conference 2024

11 Sep 2024 07:00 CEST

Asker, 11.09.2024 Trond Crantz, CEO of Argeo, is presenting today at Pareto
Securities' Energy Conference in Oslo.

Presentation highlights – a strong H1’ 2024

Revenues: USD 25.1 million, up 561% from H1 2023
EBITDA: USD 7.1 million, up 384% from H1 2023
Profit: USD 1.1 million, up 128% from H1 2023
Total contract value secured in H1 for 2024: USD 71 million up 914% from H1 2023
Backlog for production H2 2024: USD 45 million

The Pareto Securities’ Energy Conference takes place at Scandic Holmenkollen
Park, with Crantz’s presentation scheduled for 11:45 CEST in meeting room Gyda &
Gunhild.

A copy of the presentation is attached and is also available for download from
the Company website.

For more information, please contact:

Trond Figenschou Crantz, CEO
Email: trond.crantz@argeo.no
Phone: +47 976 37 273

About Argeo

Argeo is an Offshore Service company with a mission to transform the ocean
surveying and inspection industry by utilizing autonomous surface and underwater
robotics solutions. Equipped with unique sensors and advanced digital imaging
technology, the Autonomous Underwater Vehicles (AUV’s) will significantly
increase efficiency and imaging quality in addition to contributing to
significant reduction in CO2 emissions from operations for the global industry
in which the Company operates.

The Company’s highly accurate digital models and digital twin solutions are
based on geophysical, hydrographic, and geological methods from shallow waters
to the deepest oceans for the market segments Oil & Gas, Renewables, Marine
Minerals and Offshore Installations. Argeo was established in 2017 and has
offices in Asker (Oslo), Tromsø, Stockholm, Edinburgh, Houston, Rio de Janeiro,
and Singapore. Since its incorporation, Argeo has carried out complex projects
for some of Norway’s largest companies in the field.

The company is listed on The Euronext Growth in Oslo under the ticker: ARGEO.
Please visit www.argeo.no for more information.

More information:
Access the news on Oslo Bors NewsWeb site

627452_Presentation for Argeo at Pareto Securities Energy Conference 2024.pdf