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    SOFF   NO0003080608

SOLSTAD OFFSHORE ASA

(SOFF)
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Solstad Offshore : Contract awards for two CSVs

07/20/2021 | 07:55am EDT

Solstad Offshore ASA is pleased to announce award of two medium term contracts for its large construction vessels in the second half of 2021.

Normand Navigator has been awarded a contract with an undisclosed client in South East Asia. The work is scheduled to start in September 2021 and will keep the vessel utilized until the end of the year. 

Normand Frontier has been awarded contract in South America with a large international contractor. Contract duration is 100 days firm plus 60 days options excluding mobilization and demobilization. The vessel will support an ultra-deep subsea project. The vessel has already started mobilization activities

Skudeneshavn, July 20th, 2021

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA
www.solstad.com

http://publish.ne.cision.com//Release/ViewReleaseHtml/5F0F4EC134B6C751E0C856B0705FC7D6

https://mb.cision.com/Main/16896/3387556/1446863.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 4 844 M 564 M 564 M
Net income 2020 7 241 M 844 M 844 M
Net Debt 2020 18 208 M 2 121 M 2 121 M
P/E ratio 2020 0,10x
Yield 2020 -
Capitalization 403 M 46,8 M 46,9 M
EV / Sales 2019 6,23x
EV / Sales 2020 3,91x
Nbr of Employees 3 528
Free-Float 26,6%
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Managers and Directors
Lars Peder Solstad Chief Executive Officer
Kjetil Ramstad Chief Financial Officer
Harald Espedal Chairman
Tor Johan Tveit Chief Operating Officer
Olaug Hillesland Administration & Communication Director
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