Brief: BW Offshore Raises 2024 EBITDA EXPECTATION TO $305-315 Mln

Bw Offshore

30/08/2024 06:36

Aug 30 (Reuters) - BW Offshore Ltd  BWO.OL :
    * FULL-YEAR 2024 EBITDA EXPECTATION RAISED TO USD 305-315 MILLION
    * EBITDA USD 77 MILLION IN Q2 AND USD 163 MILLION FOR FIRST HALF-YEAR
    * Q2 CASH DIVIDEND USD 0.0625 PER SHARE EQUIVALENT TO USD 11 MILLION
    * EBITDA GUIDANCE 2024 INCREASE FROM PREVIOUSLY IN RANGE OF USD 290-310 MILLION
    * NET PROFIT USD 29 MILLION IN Q2 AND USD 66 MILLION FOR FIRST HALF-YEAR
    * OPERATING CASHFLOW USD 107 MILLION IN Q2 AND USD 198 MILLION FOR FIRST HALF-YEAR
    * EQUITY RATIO 30.4% AND USD 728 MILLION IN AVAILABLE LIQUIDITY
    * EXPECTS THAT FLEET WILL CONTINUE TO GENERATE SIGNIFICANT CASH FLOWS IN TIME AHEAD,
SUPPORTED BY
USD 5.4 BILLION FIRM CONTRACT BACKLOG AT END OF JUNE 2024

Source text for Eikon:  ID:nGNE72mmyl 
Further company coverage:  BWO.OL 

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