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OFFON
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    SOFF   NO0003080608

SOLSTAD OFFSHORE ASA

(SOFF)
  Report
Real-time Quote. Real-time Oslo Bors - 09/16 10:15:01 am
5.37 NOK   -0.92%
09/10SOLSTAD OFFSHORE : From apprentice to Vessel Manager
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09/09SOLSTAD OFFSHORE : Sale of vessel – Sea Ocelot
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09/09SOLSTAD OFFSHORE : Sale of vessel
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Solstad Offshore : Contracts of 1,000 vessel days awarded

07/07/2021 | 08:39am EDT

Solstad Offshore ASA is pleased to announce multiple new medium-term contracts and contract extensions.

PSV Normand Leader has been contracted to support a project offshore Australia. The contract is scheduled to commence in Q3 2021 and gives utilization for the vessel throughout 2021.

Charterers of PSV Normand Tortuga have declared options to extend present contract until end of 2021. The vessel operates in New Zealand.

PSV Normand Swift has been contracted to support Shell Brasil Ltda. The contract is scheduled to commence in Q4 2021.

PSVs Normand Sitella, Sea Spear and Sea Spark have been contracted to support a seasonal drilling campaign outside the North Sea. Commencement will be in July 2021.

Charterers of PSVs Normand Serenade and Normand Arctic have extended the vessels to Q4 2021. Both vessels operate in Norway.

Solstad's anchor handlers currently trading the North Sea spot market have been awarded multiple project contracts in Q3 and Q4 2021.

The total firm duration of the contracts is approximately 1,000 vessel days and there are options to extend the contracts further.

Skudeneshavn, July 7th, 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/539436256D83F24FE0C856B0705FC7D6

https://mb.cision.com/Main/16896/3381611/1442324.pdf

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

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Financials
Sales 2020 4 844 M 560 M 560 M
Net income 2020 7 241 M 838 M 838 M
Net Debt 2020 18 208 M 2 107 M 2 107 M
P/E ratio 2020 0,10x
Yield 2020 -
Capitalization 408 M 47,2 M 47,2 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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