Prosafe SE: First-quarter results 2024

(Figures in brackets refer to the corresponding period last year)8 May 2024 – Prosafe SE reported EBITDA of USD 7.2 million (negative USD 6.4 million) for the first quarter of 2024. The year-over-year increase in EBITDA was mainly driven by higher utilisation, with four active vessels during the quarter, compared to two active vessels in the same period of 2023.Operations and HSSE Good operating and safety performance on all vessels Q1 2024 utilisation of 56.3% (28.6%), four out of...

Stavanger, 08/05/2024 (informazione.it - comunicati stampa - economia)

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

8 May 2024 – Prosafe SE reported EBITDA of USD 7.2 million (negative USD 6.4 million) for the first quarter of 2024. The year-over-year increase in EBITDA was mainly driven by higher utilisation, with four active vessels during the quarter, compared to two active vessels in the same period of 2023.

Operations and HSSE

Q1 financials

Market and outlook

Terje Askvig, the CEO of Prosafe, says, “Prosafe is engaging in a number of commercial discussions and is progressing with tenders for work in 2025 and onwards. The activity level confirms a favourable accommodation vessel market. In the North Sea, we hold the open high-end accommodation capacity through 2026. Continued high operational efficiency combined with contract extensions and tender activity, provides a foundation for improved backlog and future earnings growth.”

Presentation

Terje Askvig, CEO and Reese McNeel, CFO will today at 10:00 a.m. CEST 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 Q1 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 51 65 24 30 / +47 952 03 886

Reese McNeel, CFO Phone: +47 51 64 25 17 / +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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