At the end of Q1 2023 two of the newbuilds commenced their long-term charter
contracts, bringing the fleet in operation to four vessels. Three more newbuilds
are scheduled to be ready for operation later in 2023.
The offshore wind market is continuing to develop positively at the back of the
need for energy transition and energy security. Charter rate are increasing in
line with O&G tonnage exiting offshore wind.
Highlights and main events Q1 2023:
o Edda Boreas delivered from the shipyard in February and is in process of
commissioning the gangway system
o Edda Breeze and Edda Brint commenced long-term charters in March
o Four CSOVs ordered in March in combination with a NOK 1.2 bn capital increase
o 93% fleet utilisation including scheduled drydock
o Secured contract with Vestas for 750 days
Edda Wind reports income of EUR 6.9 mill (EUR 6.8 mill), EBITDA of EUR 0.67 mill
(EUR 1.90 mill) and profit before tax of EUR - 0.43 mill (EUR 0.78 mill). Net
interest-bearing debt was EUR 33.9 million and equity ratio 61.6%
For further information, please contact:
Kenneth Walland, CEO Edda Wind
Phone: +47 916 93 418
E-mail: kenneth.walland@eddawind.com
Tom Johan Austrheim, CFO Edda Wind
Phone: +47 982 09 873
E-mail: tom.johan.austrheim@eddawind.com
ABOUT EDDA WIND
Edda Wind is a leading pure play offshore wind service company headquartered in
Haugesund, Norway. The Company develops, builds, owns and operates purpose-built
Service Operation Vessels ("SOV") and Commissioning Service Operation Vessels
("CSOV") for offshore wind farms worldwide.
Edda Wind is creating the next generation of offshore wind service vessels and
works closely with partners to develop new technologies to reduce emissions
without compromising operational capabilities or cost competitiveness.
The Company owns and operates three purpose-built offshore wind SOVs and one
CSOV and has ten dedicated offshore wind vessels under construction - one SOV
and nine CSOVs. All newbuild vessels are prepared for zero-emission utilising
liquid organic hydrogen carrier as an energy source.
Read more: www.eddawind.com