The AHTS market remained soft in the third quarter, with less utilization and lower fixture rates compared to the same period last year. The summer season, normally the strongest period in the North Sea, was disappointing this year with a high number of available vessels coinciding with project delays and postponements.

THIRD QUARTER

  • Total revenue was MSEK 153 (189)
  • EBITDA was MSEK 25 (66)
  • Result after tax was MSEK -5 (30)
  • Result after tax per share was SEK -0.4 (2.3)

YEAR-TO-DATE

  • Total revenue was MSEK 474 (494)
  • EBITDA was MSEK 81 (138)
  • Result after tax was MSEK -2 (63)
  • Result after tax per share was SEK -0.1 (4.9)

SUMMARY OF EVENTS IN Q3

  • EBITDA for Q3 was MSEK 25 (66).
  • The average fixture rates in Q3 for the AHTS-fleet was USD 44,000 (104,900) and the average utilization was 53% (40). The average fixture rate for the PSV-vessels was USD 21,200 (17,300) and the average utilization was 100% (96).

SUBSEQUENT EVENTS

  • In the beginning of November, Viking Supply Ships took delivery of the AHTS-vessels Andreas Viking (formerly Far Senator) and Odin Viking (formerly Normand Statesman).
  • In the beginning of October, Viking Supply Ships signed a contract for the AHTS vessel Andreas Viking for operations outside Australia. The contract has a fixed period of 412 days and 5 options of 30 days each, with commencement during the first quarter of 2024.

For further information, please contact:

Trond Myklebust, CEO, ph. +47 95 70 31 78, e-mail trond.myklebust@vikingsupply.com or;
Tord Helland, CFO, ph. +47 40 63 15 75, e-mail tord.helland@vikingsupply.com

BRIEFLY ABOUT VIKING SUPPLY SHIPS

Viking Supply Ships AB is a leading provider of offshore anchor handling and ice-breaking services. Its fleet of high-end AHTS vessels is capable of working in the harshest and most demanding environments in the world. The Company also has full management for the five Swedish state owned ice-breakers (Swedish Maritime Administration). The Company’s series B share is listed at Nasdaq First North Growth Market Stockholm. www.vikingsupply.com

This information is information that Viking Supply Ships AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-11-22 08:30 CET.

Attachments

Viking Supply Ships AB (publ) Interim Report Q3 2023

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