Prosafe SE (LTS:0J5Y)

kr 6367.24529 0 (0%) Market Cap: 590.56 Mil Enterprise Value: 4.32 Bil PE Ratio: 0 PB Ratio: 2.19 GF Score: 67/100

Q3 2022 Prosafe SE Earnings Call Transcript

Nov 03, 2022 / 09:00AM GMT

Release Date Price: kr6367.25

Transcript

Jesper Kragh Andresen

Prosafe SE - CEO

To process quarterly presentation. We are not that many in the meeting room today, which is a bit of a pity because it's a good quarter, and the presentation is refreshed. So hopefully, more people follow online. Disclaimer will be familiar. It is not refreshed to the same extent as the presentation. Quickly on the highlights before going into ops, passing it on to Reese, getting it back and Reese will round us off in due course. So quickly on the quarter, a fairly good quarter. High activity, 6 vessels in operation, 77% utilization, which is the highest since 2016 in a third quarter.

Good backlog of $93 million, operations and HSE have been without any major concern. On the numbers, which Reese will go through the details, revenue just above $60 and cash and EBITDA around 24 million and liquidity growing to $74.5 million in the quarter. And a bit on outlook. The North Sea is still quiet. It's been for some time. So we do not expect too much North Sea activity next year. It looks a bit weak. It's, I think, mainly a timing issue.

We have good

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