ElectroMagnetic GeoServices ASA (OSL:EMGS)
kr 2.405 0.205 (9.32%) Market Cap: 314.98 Mil Enterprise Value: 446.47 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 43/100
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Q4 2019 Electromagnetic Geoservices ASA Earnings Call Transcript

Feb 06, 2020 / 09:00AM GMT
Release Date Price: kr2.35 (+23.04%)
BjÃ;rn Petter Lindhom
Electromagnetic Geoservices ASA - CEO

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Good morning, everyone, and welcome to EMGS's fourth-quarter presentation. I'm here with our new CFO, Anders Eimstad. Anders started working for EMGS back in 2006 in Houston. He has had several positions within our finance department and worked for EMGS both in the US and Norway. Anders and I have worked closely together for a number of years now and it is a testimony to our strong organization that we are able to recruit executive management members from within.

To the disclaimer. And then, we will start with our Q4 highlights. During the quarter, we completed the proprietary acquisition for Petronas offshore Borneo. The Atlantic Guardian worked in Mexico for Pemex during the entire quarter.

Despite challenging operational conditions, we have operated without incidents and according to schedule. Our backlog at the end of the year stands at $58 million, of which $14 million is firm. The revenue in the quarter came in at $37 million, EBITDA of $25 million, and adjusted EBITDA of $21 million.

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