Boa Offshore AS - Consolidated First quarter report 2019

Boa Offshore AS reports consolidated operating revenues of NOK 396m in 1Q 2019 (NOK 117m in the same quarter 2018). Operating profit before depreciation (EBITDA) was NOK 66m (-NOK 2m). Net financial items was -NOK 60m (-NOK 56m) and Net profit was -NOK 33m (-NOK 99m).

For further information, please contact:
Helge Kvalvik, CEO: Tel +47 97 97 97 72, or
Albert Strand, Director Finance and Risk: Tel +47 90 74 44 61

About Boa Offshore:
Boa Offshore is a Norwegian-based global offshore supply vessel owner and operator with a well- diversified fleet of 32 units focused on subsea, barges, tugs, seismic, AHTS, engineering and project management. The company has the most sophisticated semi-submersible barge fleet in the world and holds the global market-leading position for heavy lift barges. The Boa group is an experienced and focused operator with more than 40 years of history.