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Eidesvik Offshore Reports Strong Q4 and FY2024 Financial Results

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Eidesvik Offshore Reports Strong Q4 and FY2024 Financial Results

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Eidesvik Offshore ASA ( (DE:E1V) ) has issued an announcement.

Eidesvik Offshore ASA reported its fourth quarter 2024 results with notable financial figures, including a revenue of NOK 186.8 million and an EBITDA of NOK 57.7 million, reflecting a 31% EBITDA margin. For the full year 2024, the company achieved a revenue of NOK 775.1 million and an EBITDA of NOK 304.2 million, maintaining a strong 39% EBITDA margin. Fleet utilization was high at 93% for the quarter and 96% for the year. These results indicate a robust operational performance, positioning Eidesvik favorably within the offshore services sector, and showcasing its strong market presence and efficiency in operations.

More about Eidesvik Offshore ASA

Eidesvik Offshore ASA is a company operating in the offshore services industry, focusing on providing maritime services and solutions. The company is known for its fleet of vessels that support offshore operations, including supply and seismic activities, primarily serving the oil and gas sector.

YTD Price Performance: 4.43%

Average Trading Volume: 5,375

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €85.51M

Find detailed analytics on E1V stock on TipRanks’ Stock Analysis page.

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