Havyard Group ASA's audited annual statement for 2018 have been approved by the Board May 7th. 2019. With reference to announcement dated March 21st. 2019, the company communicated a need for provisions with an estimated negative effect of approximately NOK 100 million. This was in addition to profit before tax of MNOK -75.7 per Q4.2018.
The audited profit before tax is MNOK -203.9. This is MNOK -28 in addition to previously communicated March 21st. 2019 and is mainly due to impairment of investments in ship-owning companies. The changes have marginal cash effect.
For questions regarding the annual report, please contact:
Pål Aurvåg
CFO
+47 95005004