May 07, 2025 / 07:00AM GMT
Lars Peder Solstad - Solstad Offshore - CEO
Good morning, everyone, and welcome to the 1st Quarter presentation for Solstad Offshore.
The presentation will be held by CFO Kjetil Ramstad and myself, Lars Peder Solstad. As Solstad Maritime has its own reporting now, the format of this Solstad presentation will be slightly different than earlier. But to start with the conclusion of the presentation, it has been a solid quarter with high utilization and with a still positive market outlook.
A quick look at the disclaimer before we move on to the business updates and some of the highlights for the first quarter. As mentioned, it has been an eventual quarter where we completed the investment in about 36% of the shares in Omega a Subsea AS which we announced in December. This is a strategic investment for Solstad Offshore and it will be instrumental for the development of the service segment that we are building up in the company. Just as important, Solstad Maritime, with Solstad Offshore holds 27.3%, has applied for listing at Euronext NV and the first day of trading is expected to be on about
Q1 2025 Solstad Offshore ASA Earnings Call Transcript
May 07, 2025
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