Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Regulatory press release

GEOS: Financial Report 3rd quarter for Golden Energy Offshore Services ASA

Golden Energy Offshore Services
Ålesund 20.November 2024

Golden Energy Offshore Services ASA (GEOS) is pleased to report total revenues
of NOK 130 million compared with NOK 52.8 million in the same quarter last year,
146 % increase.
EBITDA of NOK 54.9 million for Q3 2024, compared with NOK 15.2 million in Q3
2023, which is an NOK 39.7 million increase. Backlog of NOK 252 million firm
and options of NOK 343 million. Average utilization of the fleet was 95.% and
average time-charter equivalent earnings (TCE) were approx. NOK 234 000 per day
for the fleet.

The Group operated seven PSVs in the market, with all vessels acquired at the
end of 2023 performing successfully throughout 2024. Activity levels remained
high this quarter, continuing the momentum from Q2. Operations have been strong
over the summer, and we're pleased to report that this increased activity has
translated into substantial improvements in our financial results.

Basic earnings per share in Q3 2024 was NOK 0.83 compared to NOK -0,45 in Q3
2023.


For further information please contact.

Per Ivar Fagervoll
CEO
email pif@geoff.no
Phone +47 97428884
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.