Investor Presentaiton
Financial highlights for the Group
- Continued growth
Key figures
EUR'000
Time charter hire revenue
Other revenue
Revenue (total)
EBITDA
H1 2022
H1 2021
2021
37,724
27,098
5,314
5,191
49,538
11,400
COMMENTS
Performance in H1 2022 was good and within guidance
despite upstream delays in the Seagreen project
ā
43,038
32,289
60,938
Revenue up with 33% and EBITDA up with 48%
22,942
15,540
27,626
Gross (loss)/profit
19,622
13,220
Operating profit/(loss)
12,613
7,745
Net financials
(2,810)
(2,824)
Profit/(loss) for the period
9,778
4,926
Total assets
522,973
413,199
Non-current asset
507,164
256,871
Total liabilities
105,261
89,708
Equity
417,712
323,491
Cash flow from operating activities
Cash flow from investing activities
Cash flow from financing activities
Cash and cash equivalents
10
29,110
(117,347)
86,043
114
17,356
30,200
(11,352) (163,375)
69,704 71,847
139,344
2,308
ā
Strong profit for the H1 2022 and better than full year
2021
Cash in-flow from operating and financing activities
reinvested in new buildings and new cranes on the O-
class vessels
Strong balance sheet with an Equity Ratio of 80%
New credit facility of 150m EUR adding net liquidity of
70m EUR in July
Investing activities consisted of 85m EUR for the new
buildings, new cranes on the O-class vessels 14m EUR,
Dry-docks 7m EUR and 11m EUR in project related
CAPEX
Note: 1.7m EUR of interest is capitalized on new buildings in accordance with IFRS. Net financials includes 2m EUR in FX loss in connection with capital increase
22,059
11,134
(3,696)
7,451
424,766
400,148
99,510
325,256View entire presentation