FORNEBU, Norway,
Fourth Quarter Highlights
- HMH delivered a record high adj. EBITDA of
USD 44 million in the quarter. With this, 2023 adj. EBITDA came in atUSD 132 million , up 30% versus 2022 - HMH completed refinancing of its
USD 150 million bond andUSD 23 million term loan with a newUSD 200 million bond - DDW Offshore delivered a solid operational result with an EBITDA of
NOK 40 million , driven by full utilization and increased charter rates for the two vessels in operation - AKOFS Offshore delivered good utilization, with all vessels on contract through the quarter
- Net capital employed of
NOK 4.6 billion and equity ofNOK 4.0 billion per end of quarter, corresponding toNOK 14.5 per share
"HMH delivered record high earnings in the fourth quarter, driven by a continued steady increase in aftermarket activity. We remain optimistic about the future, and believe the company continues to be uniquely positioned for further growth. We were also pleased to see that the company completed its refinancing, a key enabler for a potential future liquidity event for HMH. DDW Offshore also delivered solid results in the fourth quarter and the market for this type of anchor handlers remains strong, both in terms of charter rates and with regards to asset values."
HMH
HMH reported revenues of
Revenues from Aftermarket Services were
Revenues from Projects, Products & Other were
AKOFS Offshore
AKOFS Offshore reported revenues of
Through the fourth quarter, the three vessels AKOFS Seafarer, AKOFS Santos and Aker Wayfarer all operated under their respective contracts through the full period. AKOFS Seafarer delivered good operational performance for Equinor, with a technical uptime above 96% and a revenue utilization of 91%, while AKOFS Santos and Aker Wayfarer delivered revenue utilization of 90% and 96% respectively.
DDW Offshore
DDW Offshore reported revenues of
Utilization for both Skandi Atlantic and Skandi Emerald was 100 percent in the quarter. Skandi Atlantic was on contract with Petrofac through the period. The contract was further extended in the first quarter 2024, with Skandi Emerald to replace Skandi Atlantic in
Financial holdings
Net financials were negative
Share of net profit from equity-accounted investees contributed negatively with
Consolidated financial figures
Please note that
Financial calendar
First Quarter Results 2024:
Media Contact
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
E-mail: oyvind.paaske@akastor.com
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
The following files are available for download:
https://mb.cision.com/Public/18618/3928030/a4b8147fc083918a.pdf |
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