February 06, 2018 Prosafe SE: Fourth quarter 2017 results - good operating performanceEBITDA for the fourth quarter amounted to USD 40.1 million (USD 78 million). This decline is mainly due to lower utilisation of the vessels. Cash flow from operations was USD 44.2 million (USD 66.7 million). Mr. Jesper Kragh Andresen, Prosafe CEO says, "Operations in the quarter have performed well, as reflected in a good operating result in the quarter and a year-end EBITDA slightly above our guiding. We continue to position the company to be able to deliver on any opportunities that may present themselves to the industry". Highlights
A complete version of the Q4 2017 earnings release is attached and can be downloaded from www.prosafe.com and www.newsweb.no Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com Larnaca, 6 February 2018 Attachment: For further information, please contact: Jesper K. Andresen, CEO Stig Harry Christiansen, Deputy CEO and CFO This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Q4 2017 report |