Second quarter 2019 report, presentation and replay

Floatel International report, presentation and replay

PRESS RELEASE Floatel International Ltd – Second quarter 2019 report and presentation
• 57% Fleet utilization in the quarter
• Operating revenues of USD 38.9 million
• EBITDA of USD 15.9 million
• EBIT of USD 0.6 million
• Net loss of USD 13.2 million

Floatel International reports the following highlights in Q2 2019

• The contract with Equinor for Floatel Superior at Martin Linge was extended in April with 4 months to end March 2020 with 6 months options thereafter
• The contract for Floatel Victory at Culzean field ended mid-June 2019
• On 3 June, Floatel International Ltd and Prosafe SE signed an agreement to merge their respective businesses

Management will at 14.30 CEST host a conference call August 26, 2019 to present the results. Interested persons can dial-in using the details provided on the website www.floatel.bm. A replay will be available for 21 days following the presentation by using the link provided on the website after the conference call.

Please see the attached report for the second quarter of 2019 and the presentation to be used at today’s conference call.

http:://www.floatel.bm/investors
Download Report
Download Presentation

For further information, please contact:

Peter Jacobsson, CEO, Floatel International AB –

Tel: + 46 31 352 07 00; Mob: +46 76 856 36 18

Tomas Hjelmstierna, CFO, Floatel International AB –

Tel: + 46 31 352 07 00; Mob: +46 70 261 09 01

Conference name Floatel International Q2 2019
Host name CEO Peter Jacobsson

Date & time 26/08/2019 14:03:54
Duration (hh:mm:ss) 00:52:00
Total participants 33
Total minutes 1106:05

Replay for 21 day(s) - Dial +44 (0) 20 8196 1998 followed by your Access Pin.
Click here for international replay numbers a link

Access PIN 2109987#