Solstad Offshore ASA: Fourth-quarter and full-year 2024 results
- Solstad Offshore reports an adjusted EBITDA of NOK 436 million in Q4 and NOK 1,379 million for the full year 2024
- Net Result of NOK 1,283 million for the full year 2024
- The book equity increased with NOK ~1.3 billion in 2024 to NOK ~3.1 billion year end 2024
- Settlement of the Maximus Residual Claim reduced the Company's interest-bearing debt with NOK ~1 billion
- Investment in Omega Subsea - further strengthening Solstad Offshore's position in the subsea services segment
- Solstad Offshore intends to initiate quarterly dividend in 2H 2025
- Solstad Offshore is guiding an adjusted EBITDA 2025 of NOK 1.3-1.6 billion
- Solstad Maritime, where Solstad Offshore holds 27,3%, reports an adjusted EBITDA of NOK 799 million in Q4 2024 and NOK 3,234 million for the full year 2024
- Net Result of NOK 2,637 million for the full year 2024
- Intends to distribute dividend for Q4 2024 of NOK 0.50 pr share
- Solstad Maritime is guiding an adjusted EBITDA 2025 of NOK 3.9-4.2 billion
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Skudeneshavn, February 12th, 2025
Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89
Solstad Offshore ASA
This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.