Through Q2 2023 Edda Wind had four vessels in operation representing 33% growth
in fleet days compared to Q2 2022.
Highlights and main events Q2 2023:
o Revenue EUR 9,2 mill, representing 34% growth from Q2 2022
o EBITDA EUR 2,7 mill, representing 48% growth from Q2 2022
o Profit/loss before tax (EUR 0,2 mill) versus EUR 0,6 mill Q2 2022
o EUR 321 mill in firm revenue backlog
o 100% fleet onhire
o Equity ratio 60,1 %
The offshore wind market remains favorable despite some delays. The demand for
C/SOVs remains strong combined with limited supply. Purpose built Tier-1
vessels are proving attractive in the market as subsea tonnage exits offshore
wind.
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 two
CSOV and has nine dedicated offshore wind vessels under construction - one SOV
and eight CSOVs. All newbuild vessels are prepared for zero-emission utilising
liquid organic hydrogen carrier and/or methanol as an energy source.
Read more: www.eddawind.com