Highlights: o Contract withEquinor forMartin Linge extended to endJanuary 2021 withEquinor having the option to extend the charter further. o Ineos FPS charter for Floatel Victory at the Unity platform in theUK suspendedApril 2021 . o Agreement made withSingapore authorities for Floatel Triumph to provide accommodation for healthy foreign workers in the fight against COVID-19. o The Coronavirus has had to date limited impact on current contracts and operations (apart fromIneos suspension). Measures have been taken to safeguard the health and safety of clients, guests and workforce. o Interest and amortization payments stopped for the time being and discussions with secured creditors are ongoing with standstills in place. o First quarter fleet utilization was 27% (80% for the comparable period last year). o Total firm contract backlog (excluding options) approximatelyUSD 36 million as ofMarch 31, 2020 (beforeEquinor extension as mentioned above) and it wasUSD 66 million last year. Financial Summary: o Revenues for the first quarter wereUSD 20.5 million (73.5 for comparable period in 2019). o EBITDA amounted toUSD 2.5 million (47.0) and net result wasUSD -29.3 million (9.9). o Total assetsMarch 31, 2020 amounted toUSD 1,290 million (1,312 as perDecember 31, 2019 ). o Cash and cash equivalents byMarch 31, 2020 wereUSD 48.5 million (53.7). o The total book equity byMarch 31, 2020 amounted toUSD 423.7 million (454.8). Management will host a conference callMay 26 at 14.30 CEST to present the results. Interested persons can dial-in using the details provided on the website www.floatel.bm. A replay will be available for 21 days following the presentation by using the link provided on the website after the conference call. For further information, please contact:Peter Jacobsson , CEO,Floatel International AB - Tel: +46 31 352 07 00; Mob: +46 76 856 36 18 Tomas Hjelmstierna, CFO,Floatel International AB - Tel: +46 31 352 07 00; Mob: +46 70 261 09 01 AboutFloatel Floatel International owns and operates five semisubmersible accommodation vessels, all vessels were delivered within the period 2010 to 2016. Floatel has two bond issuances listed on Oslo ABM with ticker code FLOAT02 and FLOAT03. For more information, please refer to http://www.floatel.bm
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