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EIOF Eidesvik Offshore ASA News Story

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Norway's Eidesvik Offshore Q1 revenue reaches NOK 185.2 mln, fleet utilisation at 93%

Overview

Norway offshore vessel operator's Q1 revenue reached NOK 185.2 mln, EBITDA margin was 31%

Q1 operating profit was NOK 5.6 mln, net profit after taxes NOK 41.5 mln

Fleet utilisation for the quarter was 93%

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 93% for Q1

Company press release: ID:nObignMtya

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 EBITDA Margin31%
Q1 Operating ProfitNOK 5.6 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" For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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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