Report for 3rd Quarter 2019

Eidesvik Offshore ASA (the «Company») reports its results for the 3rd Quarter 2019. The report is attached to this notification and available for download from the Company’s website

– Consolidated EBITDA of MNOK 63.3, compared to MNOK 20.9 in 3rd Quarter 2018
– Contract with Equinor for Viking Avant, which enables the Company to install batteries and hybrid solutions for the vessel
– Contract with Equinor for Viking Queen

In 3rd Quarter 2019 the Company had consolidated operating income of MNOK 176.1 (MNOK 118.3 in the corresponding period in 2018). Operating profit before depreciations (EBITDA) was MNOK 63.3 (MNOK 20.9), and operating profit (EBIT) was MNOK 9.6 (MNOK -47.8). Profit from joint ventures was MNOK 5.6 (MNOK -12.9). Net financial items were MNOK -102.1 (MNOK -25.4). Profit after tax amounted to MNOK -92.4 (MNOK -71.7).

Bømlo, November 20, 2019.

Contact: CEO Jan Fredrik Meling (+47 916 75 119)
CFO Tore Byberg (+47 475 09 012)

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