Kurs & Likviditet
Beskrivning
| Land | Bermuda |
|---|---|
| Lista | OB Match |
| Sektor | Industri |
| Industri | Industriprodukter |
2019-11-21 07:00:15
Hamilton, Bermuda, 21 November 2019 - Höegh LNG Holdings Ltd. ("Höegh LNG")
today
reports its financial results for the quarter ended 30 September 2019
Highlights for the third quarter of 2019:
· EBITDA of USD?55.9?million
· Net profit of USD?3.2?million
· Dividend of USD?0.025 per share paid in the third quarter of 2019
· Höegh Galleon delivered from yard and commenced interim LNGC charter
contract with Cheniere
Subsequent events:
· Dividend of USD?0.025 per share declared for the fourth quarter of 2019
· AIE Australia announced process to modify its FSRU terminal development
consent to allow for increased annual LNG import volumes
· HMLP issued new series A preferred units in October and November under its
ATM programme equal to USD 8.6 million in net proceeds
The President and CEO of Höegh LNG Sveinung J.S. Støhle comments: "Höegh LNG's
results for Q3 2019 shows strong improvement compared to the previous quarter
due to no negative one-off effects and solid operating performance across the
fleet. I am pleased to see continued healthy demand for FSRUs in the market, as
reflected by two new projects where Höegh LNG is participating in the formal
tender process. The rapid growth in the LNG market continues with 15% volume
growth year to date driven by more LNG coming to the market at competitive
prices, which supports continued demand for LNG, particularly in the high growth
economies in Asia"
* * *
Contacts:
Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975
57 402
Håvard Furu, Chief Financial Officer, Telephone +47 991 23 443
Knut Johan Arnholdt, VP IR and Strategy, Telephone +47 922 59 131
About Höegh LNG:
Höegh LNG operates world-wide with a leading position as owner and operator of
floating LNG import terminals; floating storage and regasification units
(FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs).
Höegh LNG's vision is to be the industry leader of floating LNG solutions. Its
strategy is to develop the business through an extended service offering, with
large-scale FSRUs as the main product, and focus on establishing long-term
contracts with attractive risk-adjusted returns involving credible counterparts.
The company is publicly listed on the Oslo stock exchange under the ticker HLNG,
and owns approximately 46% of Höegh LNG Partners LP (NYSE:HMLP). Höegh LNG is a
Bermuda based company with established presence in Norway, Singapore, the UK,
USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey. The group
employs approximately 155 office staff and 545 seafarers.