Prosafe (GB:0J5Y) has released an update.
Prosafe SE has reported a significant turnaround with a positive EBITDA of USD 6.6 million for Q2 2024, compared to a loss in the previous year, alongside improved revenues and operating performance. The company has secured new contracts increasing its backlog and anticipates continued market growth, particularly in Brazil where it holds a 30% market share. With a focus on strengthening liquidity and the balance sheet, Prosafe is preparing for higher utilisation and earnings growth in the coming years.
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