Report for Q3 2023

Eidesvik Offshore ASA (“Eidesvik” or the “Company”) is pleased to report a strong Q3 2023 result. The report and the corresponding presentation are attached to this notification and available for download from the Company’s website

A webcast where the Company’s CEO and CFO present the quarter is being published on the website at 08:30 am CET, November 22, 2023, no registration needed.

In Q3 2023 Eidesvik delivered an operational and financially solid quarter with revenue of NOK 204.6 million (190.4 in Q3 2022) and fleet utilisation of 98%. EBITDA was NOK 105.2 million (91.0). This corresponds to a 7% revenue increase compared to same quarter last year and an EBITDA margin for the quarter of 51.4%. Operating result (EBIT) was NOK 61.7 million (53.6 adjusted for net reversal of impairment).

“We are proud to report that our Q3 freight revenue and EBITDA adjusted for sales gain are at a level not seen for nearly seven years” says CEO Gitte Gard Talmo.

Bømlo, November 22, 2023

CEO Gitte Gard Talmo (+47 915 23 245)
CFO Helga Cotgrove (+47 907 35 246)

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