Wilson ASA Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014
For the nine months period, the company reported the company reported total operating revenue of EUR 104,308,000 compared to EUR 100,321,000 a year ago. Operating result before depreciations was EUR 28,697,000 compared to EUR 25,141,000 a year ago. Operating result was EUR 11,493,000 compared to EUR 6,329,000 a year ago. Result before tax was EUR 4,931,000 compared to EUR 6,557,000 a year ago. Total result was EUR 4,696,000 compared to EUR 6,945,000 a year ago. Cash flow from operating activities was EUR 17,453,000 compared to EUR 19,761,000 a year ago. EBITDA was EUR 28.7 million against EUR 25.141 million a year ago. Interest bearing debt and leasing obligations totalled EUR 193.1 million per September 30, 2014 compared to EUR 197.0 million per September 30, 2014.
In the first part of the third quarter the earnings level was as normally marked by the summer stillness and the earnings level increased gradually in the latter part of the quarter. For the fourth quarter it is expected a flattening of September 30, 2014's earnings level such that the total level for the fourth quarter is expected to be higher than for the third quarter. For the coming quarter the company thus expects an increase in net earnings compared to the third quarter and thereby also a higher operating result.