FINANCIAL REPORT 3rd QUARTER 2018

In 3rd Quarter 2018 Eidesvik Offshore ASA had consolidated operating income of MNOK 118.3 (MNOK 157.0 in the corresponding period in 2017). Operating profit before depreciations (EBITDA) was MNOK 20.9 (MNOK 67.6), and operating profit (EBIT) was MNOK -47.8 (MNOK -2.3). Profit from Joint Ventures was MNOK -12.9 (MNOK -15.5). Net financial items was MNOK -25.4 (MNOK 34.6). Profit after tax was MNOK -71.7 (MNOK 32.3). The quarter result is affected of low rates in all three segments, as expected.

Contact: CEO Jan Fredrik Meling (TEL +47 916 75 119)