Brief: Viking Supply Ships Q1 EBITDA up at SEK 67 mln

Viking Supply Ships AB

13/06/2016 06:40

June 13 (Reuters) - Viking Supply Ships AB  VSSABb.ST : 
    * Said on Friday Q1 total revenue was 319 million Swedish crowns ($38.41 million) versus 509 
million crowns year ago 
    * Q1 EBITDA 67 million crowns versus 58 million crowns year ago 
    * Q1 pre-tax loss 39 million crowns versus loss 70 million crowns 
    * Says has decided to lay up PSVs Sol and Freyja Viking with immediate effect; sees decision 
to reduce operational costs going forward and give positive impact on results from Q2  
    * Anticipates that next couple of years will be challenging for industry; rig activity is 
expected to be modest, leading to reduced demand for OSVs 
 
     
  
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkrfi6912 
     
 Further company coverage:  VSSABb.ST   
    
 
 
 
($1 = 8.3058 Swedish crowns) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))