Eidesvik Offshore (EIOF)

[Notrade]

Based on these tests, Eidesvik has recognized a net reversal of impairment of MNOK 209.2 in 3Q 2022. Of this, MNOK 36.6 is related to reversal of impairment of one subsea/offshore wind vessel, and MNOK 188.6 is related to reversal of impairments of five PSVs. In addition, one seismic vessel is impaired with MNOK 16.0 in the quarter

Dette går jeg ut ifra er uten Neptun

[Notrade]

Gjelden økte også pga dollar-

[Wbafilizz]

Neptun salget blir gjennomført i Q4 - vil gjøre gjelden betydelig lavere. Good times ahead!

[TekBot]

EIOF – Presentation of Q3 2022 results

Eidesvik Offshore ASA presents its results for Q3 2022 on November 16, 2022 at 8.30 am. The presentation is attached to this notification and available for download from the company’s website https://www.eidesvik.no.

Bømlo, November 16, 2022
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Vis børsmeldingen

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

Kilde

[Rodjer]

Ser ut som den biten nå er avklart:

"The seismic fleet are all in lay up at the end of Q3.
Seismic is not a focus area of investment for Eidesvik
going forward. "

[hgsd300]

Noen som vet cirka dagraten på Seven Viking ?

[sveima]

Den er vel eid 50/50 med Subsea 7 som også leier skipet, så det er nok en OK avtale men muligens ikke den aller høyeste?

[TekBot]

EIOF - Eidesvik Offshore completes sale of CSV Viking Neptun

Eidesvik Neptun AS, a subsidiary of Eidesvik Offshore ASA (“Eidesvik” or the “Company”), has today completed the sale of CSV Viking Neptun to Dredging, Environmental and Marine Engineering NV (“DEME”).

Eidesvik will recognize a gain on the sale of approximately MNOK 270. After debt repayment, the liquidity position is improved by around MNOK 340 from the sale.
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Gitte Gard Talmo, President & CEO of Eidesvik commented:

“The sale of Viking Neptun substantially improves our balance sheet. Going forward Eidesvik will leverage the financial flexibility that the sale of Viking Neptun has created”.

As announced in the stock exchange release of August 11, 2022 Eidesvik has signed a two-year ship management agreement with DEME for Viking Neptun.

“We are very proud of the performance of Viking Neptun and its crew and look forward to continue the management of the vessel under DEME’s ownership”, said Talmo.

Bømlo, November 28, 2022

Contacts:
CEO Gitte Gard Talmo (+47 91 52 32 45)
CFO Helga Cotgrove (+47 90 73 52 46)

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

Kilde

[Rodjer]

Nå er Eiof ekstremt spennende om den bryter 12,40 her nå.

[aksjewonka]

Klart kjøpssignal utløst nå…

[TekBot]

EIOF – Invitation to presentation of Q4 2022 results

Eidesvik Offshore ASA will release its Q4 2022 report on February 23, 2023. The report will be available at www.eidesvik.no and www.newsweb.no.

A presentation of the results will be held on February 23, 2023, at 08:30 am CET by CEO Gitte Gard Talmo and CFO Helga Cotgrove.
…

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The presentation will be digital. Please register for the presentation by e-mail to torill.barane@eidesvik.no within February 23, 2023, at 08:00 am.

Bømlo, February 20, 2023

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

Kilde

[Rodjer]

Eier dessverre ikke aksjer i Eiof, men har det selskapet som en av mine 7 favoritter for 2023 og q4 vil vise at selskapet blir en vinner for 23 tror jeg.
Salget av Viking Neptun blir bokført i q4, valutagevinst, samt oppskrivinger og med ytterligere bedring på driften tror jeg denne rapporten vil gi en ytterligere boost for både selskapet og aksjekursen.
Eiof fikk dårlig uttelling på kursen i 2022 sammenlignet med flere av de andre.

[Defender]

Burde bli en vekker for mangen, kan ikke se at driften budre legge noen demper på resultatet heller.

[TekBot]

EIOF - Credit approved term sheet for refinancing of debt, secures long term financing and positions company for further growth.

Eidesvik Offshore ASA (“Eidesvik" or the “Company”) is pleased to announce that it has agreed a term sheet that is credit approved with its financial institutions for refinancing of its debt.

The new debt will mature on February 28, 2026. With a prepayment of MNOK 410 from available cash on hand the debt will be materially reduced, and the Company’s financial position will be significantly strengthened. The Company and its financial institutions are working on completing final documentation and expect to have final agreements in place during March 2023.
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Upon signing final documentation, the debt prepayment of MNOK 410 will be made. Debt amortization will be MNOK 42.5 for 2023 and MNOK 85 per year thereafter.

Gitte Gard Talmo, CEO & President, comments:

“The agreed terms secure a significantly stronger financial position for Eidesvik, and we appreciate the confidence our financial institutions are showing us. We now look forward to focusing on growing our business.”

Bømlo, February 22, 2023

Contacts:
CEO Gitte Gard Talmo (+47 915 23 245)
CFO Helga Cotgrove (+47 907 35 246)

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Important information
Certain statements included within this announcement contain forward-looking information, including, without limitation, those relating to forecasts, projections and estimates, statements of management’s plans, objectives and strategies for the Company, such as planned expansions, investments or other projects, management, as well as statements preceded by “expected”, “scheduled”, “targeted”, “planned”, “proposed”, “intended” or similar statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized.

No assurance can be given that such expectations will prove to have been correct. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This stock exchange announcement was published by Lars Tufteland Engelsen, VP Finance at Eidesvik AS, on the time and date provided.

Kilde

[TekBot]

EIOF - Eidesvik forms joint venture with Reach Subsea to own and operate subsea IMR vessel “Edda Sun” (to be named “Viking Reach”)

Eidesvik Offshore ASA (“Eidesvik" or the “Company”) is pleased to announce that it has formed a joint venture with Reach Subsea ASA (“Reach”). The joint venture will own and operate the Subsea IMR vessel Edda Sun upon completion of the planned acquisition of the vessel. Eidesvik will own 50.1% of the new entity. The joint venture will be financed by equity from both parties and by around MNOK 150 of bank financing. The bank financing has been credit approved and final documents are currently being completed.

The main owner (Eidesvik Invest AS) in EIOF will guarantee for Eidesvik’s share of the equity contribution to the joint venture and a private placement is contemplated to be completed in due course. Eidesvik has engaged Pareto Securities AS as financial advisor and Advokatfirmaet Selmer AS as legal advisor.
…

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The vessel will commence on a 6-year time charter contract with Reach at the start of Q2. Going forward the vessel will be managed and operated by Eidesvik under its new name Viking Reach.

Gitte Gard Talmo, CEO & President, comments:

“The investment forms part of Eidesvik’s growth strategy, and we are very excited by the acquisition of Edda Sun. We look forward to collaborating with Reach in this exciting new venture”.

Bømlo, February 23, 2023

Contacts:
CEO Gitte Gard Talmo (+47 915 23 245)
CFO Helga Cotgrove (+47 907 35 246)

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Important information
Certain statements included within this announcement contain forward-looking information, including, without limitation, those relating to forecasts, projections and estimates, statements of management’s plans, objectives and strategies for the Company, such as planned expansions, investments or other projects, management, as well as statements preceded by “expected”, “scheduled”, “targeted”, “planned”, “proposed”, “intended” or similar statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty. Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized.

No assurance can be given that such expectations will prove to have been correct. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This stock exchange announcement was published by Lars Tufteland Engelsen, VP Finance at Eidesvik AS, on the time and date provided.

Kilde

[TekBot]

EIOF – Report for Q4 2022

Eidesvik Offshore ASA is pleased to report its Q4 and its 2022 preliminary full year group results. The report and the corresponding presentation are attached to this notification and available for download from the company’s website.

Revenue for Q4 2022 was MNOK 433.9 and revenue for the full year was MNOK 918.5.
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EBITDA for Q4 was MNOK 322.7 and MNOK 494.2 for the full year.

Included in the above numbers and the below numbers is a gain for the sale of CSV Viking Neptun of MNOK 269.7.

Adjusted for the gain we saw a revenue improvement of 13% for the quarter from Q4 2021 and 10% for the full year.

Operating profit was MNOK 279.1 and MNOK 551.4 for the quarter and year respectively.

Result before taxes was MNOK 354.4 for Q4 and MNOK 406.8 for 2022.

Bømlo, February 23, 2023

Contacts:
CEO Gitte Gard Talmo (+47 915 23 245)
CFO Helga Cotgrove (+47 907 35 246)

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

Kilde

[Metallian]

• Fra helt krise til emisjon for å kjøpe seg inn i nytt subsea-skip, det er en ny verden plutselig

• Er ikke så godt kjent med tall osv hos Eiof men inntektene i Q4 gikk fra 138mill til 161 mill-og da har de vel mistet Neptun i deler av (eller hele?) kvartalet? Syns det er bra jeg, opp 20% (eller mer da egentlig uten Neptun) må sies å være innafor i min bok. Hva tenker dere som følger de tettere?

[Defender]

Hva mener du med emisjon? ahh…du mener denne? The main owner (Eidesvik Invest AS) in EIOF will guarantee for Eidesvik’s share of the equity contribution to the joint venture and a private placement is contemplated to be completed in due course. Eidesvik has engaged Pareto Securities AS as financial advisor and Advokatfirmaet Selmer AS as legal advisor

[Metallian]

Ja- om begrepet emisjon er 100% korrekt vet jeg ikke men det er jo en emisjon slik jeg leser det?

[Defender]

I tilfelle ikke rare emisjonen 50-70 mill kr?