(Figures in brackets refer to the corresponding period of 2021)
EBITDA for the second quarter was USD 22.8 million (USD 18.1 million), reflecting a higher activity level and the highest quarterly fleet utilisation rate of 81.0 per cent (65.8 per cent) since Q3 2015. Liquidity at the end of the quarter was USD 57.6 million. Two Brazil and one UK contracts were secured, adding approximately USD 240 million in backlog.
Recent highlights
Fleet utilisation and financial results
Operations and commercial
Jesper K. Andresen, Prosafe’s CEO says, “The second quarter saw the highest vessel utilisation since 2015, which reflected positively on our performance. We were also pleased to secure significant backlog by winning important contracts in Brazil and the UK at improving margins. This is an indication of an improving outlook for the oil and gas industry and for our services. Finally, I would like to thank our team for continuing to operate safely and efficiently.”
A complete version of the Q2 2022 earnings release and the Q2 2022 presentation is attached and can be downloaded from https://www.prosafe.com and 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
Stavanger, 19 August 2022
Prosafe SE
For further information, please contact:
Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155
Reese McNeel, CFO
Phone: +47 51 64 25 17 / +47 405 54 490
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Attachments
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