Financial report for the 1st quarter 2018

09.05.2018, 04:45:01 pm

- Challenging Q1 with seasonally low activity, reduced revenues and pressure

   on certain financial covenants
- Operating income was MNOK 875 (MNOK 568) in Q1 2018
- EBITDA adjusted for operating lease was MNOK -16 (MNOK 156) in Q1 2018
- Ongoing discussions with financial creditors of subsidiary Solship Invest 3 AS
- Increased number of vessels active and generating revenue from April 2018 onwards
- Market situation gradually improving across all segments

Solstad Farstad ASA (SOFF) will host a conference call to present its 1st quarter 2018 results on Wednesday May 9th, 2018 at 17:30 CET. The presentation will be given by Lars Peder Solstad and Anders Hall Jomaas.

Skudeneshavn, May 9th , 2018

Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Anders Hall Jomaas CFO, at +47 52 85 65 00

Solstad Farstad ASA
www.solstadfarstad.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)


Financial Report 1Q 2018

1Q 2018 presentation