Norway's Eidesvik Offshore Q2 EBITDA margin at 35%
Norway's Eidesvik Offshore Q2 EBITDA margin at 35%
Overview
Norway offshore vessel operator's Q2 revenue reached NOK 204.5 mln, EBITDA margin was 35%
Operating profit for Q2 was NOK 26.1 mln, net profit after taxes was NOK 21.4 mln
Fleet utilisation for the quarter was 95%
Outlook
Company did not provide specific guidance or outlook for future quarters or the full year
Result Drivers
HIGH FLEET UTILISATION - Co reported fleet utilisation of 95% for Q2
Company press release: ID:nObi4h0j2a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EBITDA Margin |
| 35.00% |
|
Q2 Operating Profit |
| NOK 26.10 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the marine freight & logistics peer group is "buy"
Reuters Recommended Reads
Aug 18 - Norway's Reach Subsea Q2 revenue jumps on higher project activity
Aug 18 - Norway's Odfjell Drilling Q2 profit aided by insurance proceeds
Aug 19 - Norway's Dolphin Drilling Q2 revenue falls on lower mobilisation income
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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