Brief: Carbon Transition Q4 EBITDA At USD 12.0 Million

Fjord Defence ASA

24/02/2022 06:12

Feb 24 (Reuters) - Carbon Transition ASA  CARBN.OL :
    * CARBON TRANSITION ANNOUNCES Q4 2021 RESULTS
    * Q4 REVENUES OF USD 5.6 MILLION
    * Q4 EBITDA OF USD 12.0 MILLION
    * OUTLOOK: HAVING REPAID ALMOST ALL THE COMPANY’S
INDEBTEDNESS, WE
HAVE SUBSTANTIALLY  STRENGTHENED OUR BALANCE SHEET
    * OUTLOOK: WE HAVE RECENTLY EXPERIENCED AN UPTICK IN THE
DEMAND
FOR SEISMIC DATA IN THE UTSIRA  AREA. THE DEMAND INCREASE WAS
LARGELY DRIVEN BY THE HIGHER OIL AND GAS PRICES AS WELL  AS
OPERATORS INCREASING DEVELOPMENT AND DRILLING ACTIVITY IN THE
UTSIRA AREA.
    * OUTLOOK:  LOOKING  FORWARD, WE EXPECT THIS TREND TO
CONTINUE AND
WE ALSO EXPECT TO SEE REVENUES FROM  MERGERS AND ACQUISITION
ACTIVITY IN THE SURVEY AREA.

Source text for Eikon:  ID:nObiLRgCta 
Further company coverage:  CARBN.OL 

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