First Quarter 2019 report and presentation

Floatel International Ltd – First quarter 2019 report and presentation

PRESS RELEASE Floatel International Ltd – First quarter 2019 report and presentation

• 80% Fleet utilization in the quarter
• Operating revenues of USD 73,5 million
• EBITDA of USD 47,0 million
• EBIT of USD 31,7 million
• Net profit of USD 9,9 million

Floatel International reports the following highlights in/after Q1 2019

• The contract with Equinor for Floatel Superior at Martin Linge was extended in April with 4 months to end March 2020 with 6 months options thereafter
• Total notified in April that the contract for Floatel Victory at Culzean field ends mid-June 2019
• The bonds were listed with Oslo Bors on Nordic ABM on February 4, 2019

Management will at 14.30 CET host a conference call May 23 to present the results. Interested persons can dial-in using the details provided on the website.
A replay will be available for 22 days following the presentation by using the link provided on the website after the conference call.

Please see the attached report for the first quarter of 2019 and the presentation to be used at today’s conference call.

Download Presentation
Download Report

For further information, please contact:
Peter Jacobsson, CEO, Floatel International AB – Tel: + 46 31 352 07 00; Mob: +46 76 856 36 18
Tomas Hjelmstierna, CFO, Floatel International AB – Tel: + 46 31 352 07 00; Mob: +46 70 261 09 01