Offshore

antara
09.05.2018 kl 16:50 12826

09/05-2018 16:45:01: (SOFF) FINANCIAL REPORT FOR THE 1st QUARTER 2018
- Challenging Q1 with seasonally low activity, reduced revenues and pressure
on certain financial covenants
- Operating income was MNOK 875 (MNOK 568) in Q1 2018
- EBITDA adjusted for operating lease was MNOK -16 (MNOK 156) in Q1 2018
- Ongoing discussions with financial creditors of subsidiary Solship Invest 3 AS
- Increased number of vessels active and generating revenue from April 2018
onwards
- Market situation gradually improving across all segments

Solstad Farstad ASA (SOFF) will host a conference call to present its 1st
quarter 2018 results on Wednesday May 9th, 2018 at 17:30 CET. The presentation
will be given by Lars Peder Solstad and Anders Hall Jomaas.

Skudeneshavn, May 9th , 2018

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 52 85 65 00

Solstad Farstad ASA
www.solstadfarstad.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

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