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Beskrivning

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Odfjell Technology är verksamma inom den tyngre industriella sektorn. Idag återfinns verksamhet främst inom gruv- och infrastruktursektorn där bolaget tillhandahåller maskiner och tillhörande utrustning för större infrastrukturella projekt. Bolaget erbjuder ett brett utbud av produkter och lösningar inom borrning, anläggning, samt lastmaskiner och ventilationssystem vid borrning. Kunderna återfinns inom olje- och gassektorn, samt bland aktörer inom byggindustrin i Europa, Mellanöstern, Afrika och Asien.
2023-05-12 07:00:09
Odfjell Technology Ltd is pleased to report its financial and operational
results
for the three months period ended 31st March 2023.

- Operating revenue of NOK 1,145 billion
- EBITDA of NOK 193,1 million
- EBIT of NOK 105 million
- Net profit of NOK 43,4million

Highlights:
- High activity level and in line with Q4 2022 for all business areas
- Seasonal effect less significant than previous years
- Strong operational performance
- Order backlog stable on group level with growth in Well Services and Projects
& Engineering
- Dividend distribution of NOK50m approved with payment 1st of June and with the
intention to distribute further NOK50m to shareholders over the next two
quarters

For the full results, please see the attached report and presentation.
Chief Executive Officer Simen Lieungh, Chief Financial Officer Jone Torstensen
and SVP Finance & Investor Relations Gert Haugland will be hosting a webcast and
Q&A session at 9:30am CEST to discuss the results.

Stakeholders can either use the following link for the webcast or listen via
telephone using the details below.

Webcast link:
https://brrmedia.news/OTL_Q123

Conference call details:
USA Local: +1 786 697 3501
Norway Local Oslo: +47 2 156 3318
UK-Wide: +44 (0) 33 0551 0200
Password (if prompted) Quote Odfjell Technology Q1 Results when prompted by the
operator

For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0)7796 547889
gbas@odfjelltechnology.com

Aberdeen, United Kingdom
12 May 2023
Odfjell Technology Ltd

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.