FINANCIAL REPORT FOR THE 4TH QUARTER 2016 / PRELIMINARY RESULT 2016

 

  • Operating income for 2016 was MNOK 2,582 (MNOK 3,656)
  • Operating income for the 4th quarter 2016 was MNOK 476 (MNOK 705)
  • Cash flow from operations (EBITDA) for the year was MNOK 1,008 (MNOK 1,555)
  • EBITDA for 4th quarter was MNOK 149 (MNOK 246)
  • Merger with Rem Offshore ASA finalized
  • Total capital contributions (incl. convertible loan) of MNOK 875
  • CSV Normand Maximus delivered from yard and commenced a 8 year contract to Saipem
  • Plan for merger with Farstad Shipping AS and Deep Sea Supply Plc
  • Several important contracts gained after year end

 

SOFF_4Q_2016