02/13/2020 | Press release | Distributed by Public on 02/13/2020 03:29
The financial net result improved by MSEK 178 from MSEK (-123) in the corresponding period in 2018 to MSEK 55 in the fourth quarter of 2019. Revenue increased to MSEK 156 (52) for the quarter, which was in line with the previous quarter. EBITDA is positive for the quarter at MSEK 63 (-51). For the full year 2019, revenue from continuing operations was MSEK 504, which is a significant improvement of the corresponding figure for 2018 (300). EBITDA for the full year 2019 was MSEK 114, while the net result was MSEK 52. Both EBITDA and net result are significant improvements of corresponding figures in 2018, when adjusting for the sale of Tor, Balder and Vidar.
Summary of events in Q4
FOR FURTHER INFORMATION, PLEASE CONTACT
Trond Myklebust, CEO, ph. +47 95 70 31 78, e-mail [email protected]
Morten G. Aggvin, CFO, ph. +47 41 04 71 25, e-mail [email protected]
Viking Supply Ships AB is a world leading company within offshore and ice-breaking services, with activities primarily in Arctic and subarctic areas. The Company also has the operational and technical management for the five Swedish state owned ice-breakers (Swedish Maritime Administration). The Company's series B share is listed at Nasdaq Stockholm, Small Cap segment. www.vikingsupply.com.
This information is information that Viking Supply Ships AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 08:30 CET on 13 February 2020.