Brief: Oceanteam ASA Reports FY Net Loss $73.2 Mln

Oceanteam ASA

09/04/2021 17:35

April 9 (Reuters) - Oceanteam ASA  OTS.OL :
    * FY NET LOSS -73.2 MILLION USD
    * FY EBITDA 2020 IS NEGATIVE  USD 12.9 MILLION COMPARED TO
USD 7.8
MILLION IN 2019
    * OCEANTEAM - IMPAIRMENT OF CSV SOUTHERN OCEAN AS WELL AS
WRITE
OFF FOR OCEANTEAM BOURBON 101 AS JOINT VENTURE HAD A MAJOR
IMPACT ON 2020 FINANCIALS
    * IMPAIRMENT CHARGE OF USD 46.1 MILLION ON CSV SOUTHERN
OCEAN WAS
RECOGNIZED IN 2020
    * JOINT VENTURE OCEANTEAM BOURBON 101 HAS BEEN FULLY
IMPAIRED DUE
TO A NEGATIVE EQUITY POSITION
    * EXPECT SOLUTIONS SEGMENT TO GROW IN FORESEEABLE FUTURE
    * NET LOSS FOR 2020 IS USD 73.2 MILLION COMPARED TO A PROFIT
OF
USD 0.7 MILLION IN 2019

Source text for Eikon:  ID:nObi4lN6Xa 
Further company coverage:  OTS.OL 

 ((Reuters.Briefs@thomsonreuters.com;))