EIOF – Q4 and preliminary full year financial results

18 Feb 2025 07:00 CET

Eidesvik Offshore ASA (the “Company”) publishes its fourth quarter 2024 results.

For Q4, revenue and EBITDA were NOK 186.8 million and NOK 57.7 million
respectively. EBITDA margin was 31%. Operating profit (EBIT) was NOK 10.7
million and result after taxes was NOK 11.3 million.

For preliminary FY2024, revenue and EBITDA were NOK 775.1 million and NOK 304.2
million respectively. EBITDA margin was 39%. Operating profit (EBIT) was NOK
124.3 million and result after taxes was NOK 103.7 million.

Fleet utilisation for the quarter was 93% and 96% for FY2024.

A presentation of the results will be held on 18 February 2025, at 08:30 am CET
by CEO Helga Cotgrove and CFO Lars Tufteland Engelsen. The presentation will be
digital. Please register for the presentation by e-mail to
investor.relations@eidesvik.no within 18 February 2025, at 08:00 am.

The full report and the corresponding presentation are attached to this
notification and available for download from the Company’s website
https://eidesvik.no/investor-relations/.


Bømlo, 18 February 2025


Contacts:
CEO Helga Cotgrove (+47 907 35 246)
CFO Lars Tufteland Engelsen (+47 476 34 045)


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

More information:
Access the news on Oslo Bors NewsWeb site

638990_EIOF Q4-2024 Presentation.pdf
638990_EIOF Q4 2024.pdf