Floatel International Ltd: Business update
2025-04-23
Oslo April 23, 2025
The Company is pleased to present its Q1-2025 business update.
HIGHLIGHTS
The Equinor charter for Floatel Victory at Peregrino has been extended until the end of 2025.
The three Letters of Intent for Floatel Endurance, Floatel Superior, and Floatel Triumph have all been converted into firm contracts.
Fleet utilization excluding Floatel Reliance stood at 44% during the first quarter and the firm orderbook as of March 31, 2025, was USD 391m.
Recurring EBITDA: USD -3.9m in the quarter.
Capex: USD 5.0m in the quarter.
The Q1-2025 interim report will be released on May 22, 2025, and management will host a conference call the same day, at 14.30 CET, to present the results. Interested persons can register using the details to be provided on the website at least 14 days before the conference call.
For further information, please contact:
Peter Jacobsson, CEO, +47 934 00 232
Tomas Hjelmstierna, CFO, +47 934 00 381
Tel: +47 46 50 01 33
Email: ir@floatel.no