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Prosafe ( (GB:0J5Y) ) has issued an announcement.
Prosafe SE reported a significant improvement in its financial performance for the fourth quarter of 2024, achieving an EBITDA of USD 4.9 million compared to a negative USD 2.7 million the previous year. The company saw strong commercial performance with a 44% increase in its backlog and full fleet utilization in key markets like Brazil and the US Gulf of Mexico. Looking ahead, Prosafe is positioned to benefit from the strengthening accommodation market, particularly in Brazil, where new tenders could enhance its market leadership. The increased backlog and improved market fundamentals provide a solid foundation for future earnings growth and a sustainable capital structure.
More about Prosafe
Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with the ticker code PRS.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: NOK171.4M
For detailed information about 0J5Y stock, go to TipRanks’ Stock Analysis page.
