C Rieber Delivery ASA had a fleet utilisation of 81% within the fourth quarter of 2020. Working revenue was NOK 27.8 million, in contrast with NOK 43.1 million within the corresponding interval of 2019. EBITDA was NOK 1.9 million, in contrast with NOK 42.3 million within the fourth quarter of 2019. The year-on-year lower in EBITDA is defined by the sale of Polar King which had full utilisation within the corresponding quarter of 2019, and a non-cash loss from share points in related firms within the fourth quarter of 2020.
GC Rieber Delivery had a internet lack of NOK 44.9 million within the fourth quarter of 2020 together with impairment of the Subsea & Renewables fleet of NOK 37.1 million, in contrast with a internet revenue of NOK 7.6 million within the fourth quarter of 2019.
Preliminary internet revenue for the complete yr 2020 was adverse NOK 495.3 million, together with impairment of the Subsea & Renewables fleet of NOK 459.1 million.
“The fourth quarter concludes a yr with important uncertainty. Operational uptime has been passable, however the lack of predictability has led to materials impairment of the fleet all year long”, Einar Ytredal, CEO of GC Rieber Delivery commented. “Though present market situations are difficult, outlook is extra constructive for the upcoming summer season season.”
Supply: GC Rieber Delivery