ENDÚR ASA 30 April 2021 - Endúr ASA has today published its annual report for 2020. The annual report, as approved by the company's Board of Directors, is enclosed with this announcement and also available on the company's website: https://endur.no/investor-relations/financial-reports/ There are certain deviations between the full-year 2020 interim results that were published on 26 February 2021 and the annual report that is published today. The Endúr group's operating profit/loss is reported at NOK -516.9 million, a difference of NOK -61.4 million relative to what was reported with the interim results. The difference is largely the result of (i) an end-of-year goodwill impairment of NOK -42.3 million related to group company Endúr Maritime AS, and (ii) an impairment of NOK - 14.9 million related to a right-of-use asset in ØPD AS, a group subsidiary that filed for bankruptcy shortly after year-end. As communicated with the interim results, Endúr's 2020 result was materially adversely impacted by the bankruptcy in ØPD AS early in 2021. The total negative contribution to the group's operating result attributable to ØPD and the subsequent bankruptcy was NOK 442.5 million, of which NOK 199 million (out of the total ØPD goodwill impairment of NOK 418.6 million) derived from an IFRS adjustment / increase in consideration due to a share price increase from announcement to the closing date of Endúr's 2020 merger with Oceano AS, ØPD's former parent company, and involved zero net change to Endúr ASA's book equity. This information is subject to the disclosure requirements set out in section 5-12 of the Norwegian Securities Trading Act. About Endúr ASA Endúr ASA (OSE: ENDUR) is a leading supplier of construction and maintenance projects and services for marine infrastructure, including facilities for land-based aquaculture, quays, harbours, dams, bridges and other specialised concrete and steel projects. The company and its subsidiaries also offer a wide range of other specialised project and marine services. Endúr ASA is headquartered in Bergen, Norway. See www.endur.no
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Endur ASA published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 06:49:04 UTC.
