AMSC ASA - Third quarter 2024 results

29 Oct 2024 07:05 CET

Lysaker, 29 October 2024, AMSC ASA ("AMSC" or the "Company") announces results
for the third quarter ending 30 September 2024.

HIGHLIGHTS:

· Acquired an additional 980 000 shares in Solstad Maritime Holding AS
("Solstad Maritime").
· Recognized share of profit of NOK 156.4 million relating to the investment
in Solstad Maritime.
· Expect to receive NOK 45.7 million in dividends from Solstad Maritime during
Q4.
· AMSC increases quarterly dividends to NOK 0.60 per share.

AMSC CEO, Pål Lothe Magnussen comments, "We are pleased to increase our
quarterly dividends to NOK 0.60 per share on the back of Solstad Maritime
initiating its quarterly dividends. The outlook for offshore energy activities
continues to look positive with strong global E&P spending in combination with
increased activity within offshore wind."

More information:
Access the news on Oslo Bors NewsWeb site

630579_Q3_2024_AMSC_FINAL.pdf