Solstad Offshore ASA (OTCPK:SLOFF)
$ 3.09 1.58 (104.64%) Market Cap: 412.06 Mil Enterprise Value: 900.45 Mil PE Ratio: 0 PB Ratio: 1.99 GF Score: 56/100
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Q3 2024 Solstad Offshore ASA Earnings Call Transcript

Oct 29, 2024 / 08:00AM GMT
Release Date Price: $3.09
Lars Peder Solstad
Solstad Offshore ASA - CEO

Good morning and welcome to the third quarter presentation of Susar Offshore ASA. This presentation will be held by CFO JTA Ramsar and myself CEO Lasar and it has been a quota with a very strong operational performance, high fleet utilization and a continued positive market outlook.

It is also the first time in many years that we will introduce dividends as SOAR Maritime intends to initiate quarterly dividends from third quarter and onwards. All this I will come back to during this presentation a quick look at the disclaimer before we move on to the to the to the third quarter, highlights and update on the business.

As mentioned, our fleet of 39 vessels has had a strong utilization in the quarter and also year-to-date.

This shows high demand for our services which we also expect to continue going forward.

EBITA adjusted of NOK328 million in Solstad offshore and 975 million knoc in Solstad Maritime is a proof of improved commercial terms and solid operations.

This also gives us confidence to deliver on the

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