Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Standard |
Sektor | Tjänster |
Industri | Industri |
GC Rieber Shipping ASA had a fleet utilisation of 99% in the second quarter of 2020. The Subsea & Renewables and Ice/Support vessels have contract coverage of 86% for the remainder of 2020.
Operating income was NOK 78.5 million, compared with NOK 91.9 million in the corresponding period of 2019. EBITDA was NOK 37.6 million, compared with an EBITDA of NOK 41.3 million in the second quarter of 2019. GC Rieber Shipping had a net loss of NOK 121.3 million in the second quarter of 2020, including an impairment of the Subsea & Renewables fleet of NOK 128.7 million. Net profit in the second quarter of 2019 was NOK 93.9 million including sale of the research vessel Ernest Shackleton.
"GC Rieber Shipping delivered well on operational performance in the second quarter of 2020, despite COVID-19 restrictions. However, significant impairments of vessel values reduced the company's profit", Einar Ytredal, CEO of GC Rieber Shipping commented. "The market is expected to be challenging throughout the winter season and the priority of GC Rieber Shipping is to secure utilization for its vessels."
Please find the report and presentation for the second quarter 2020 enclosed.
For further information, please contact:
Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02 919
About GC Rieber Shipping:
GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management and project development within the segments Subsea & Renewables, Ice/Support and Marine Seismic.
The group has specialized competence in offshore operations in harsh environments as well as design, development and maritime operation of offshore vessels. GC Rieber Shipping currently operates 9 and has direct and indirect ownership in 29 advanced special purpose vessels for defined markets within the Subsea & Renewables, Ice/Support and Marine Seismic segments.
The company has its headquarter and a ship management office in Bergen, and an additional 50% ship management company in Yuzhno-Sakhalinsk (Russia). The Company is listed on Oslo Børs with ticker RISH.
Further information is available on the company's website www.gcrieber-shipping.com.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.