Prosafe SE: Third-quarter results 2024

(Figures in brackets refer to the corresponding period last year)14 November 2024 – Prosafe SE reported EBITDA of USD 5.0 million (USD 8.4 million) for the third quarter of 2024. The company had four active vessels during the quarter.Operations and HSSE Good operating and safety performance on all vessels Q3 2024 utilisation of 57% (52%), four out of seven vessels operating during the quarterSafe Concordia, Safe Notos and Safe Eurus all had 100% utilisation, Safe Zephyrus 99%...

Stavanger, 14/11/2024 (informazione.it - comunicati stampa - economia)

(Figures in brackets refer to the corresponding period last year)

14 November 2024 – Prosafe SE reported EBITDA of USD 5.0 million (USD 8.4 million) for the third quarter of 2024. The company had four active vessels during the quarter.

Operations and HSSE

Q3 financials

Market and outlook

Terje Askvig, the CEO of Prosafe, says, “Prosafe is successfully building a strong backlog for 2025 and onwards. Our recent commercial progress confirms an improving market for accommodation vessels led by high demand in Brazil supported by more activity in the North Sea and other markets. Combined with continued high operational efficiency, this provides a foundation for earnings growth and achieving a sustainable capital structure prior to 2025 maturity refinancing.”

Presentation

Terje Askvig, CEO and Reese McNeel, CFO will today at 10:00 a.m. CET present the results at Pareto Securities, Dronning Mauds gate 3, 0115 Oslo.

The presentation is open to public and can also be followed live via web streaming at https://wwww.prosafe.com  

It will be possible to ask questions during the presentation by using the Q&A tool embedded in the audiocast. These questions will be answered after the presentation.

A replay of the audiocast will be made available on Prosafe's website shortly after.

The Q3 2024 press release and presentation is attached and can be downloaded from https://www.prosafe.com and www.newsweb.no ( https://www.newsweb.no )

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com ( https:///www.prosafe.com )

For further information, please contact:

Terje Askvig, CEO Phone: +47 952 03 886

Reese McNeel, CFO Phone: +47 415 08 186

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

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