PGS ASA (LTS:0MHR)

kr 8.511 -0.639 (-6.98%) Market Cap: 8.17 Bil Enterprise Value: 14.52 Bil PE Ratio: 21.68 PB Ratio: 1.47 GF Score: 53/100

Q2 2023 PGS ASA Earnings Call Transcript

Jul 20, 2023 / 07:30AM GMT

Release Date Price: kr7.21 (+27.90%)

Transcript

Bard Stenberg

PGS ASA - VP of IR & Corporate Communication

Good morning, and welcome to PGS Q2 Presentation. My name is Bard Stenberg, Vice President, Investor Relations and Corporate Communications in PGS. (Operator Instructions)

I would also like to draw your attention to the cautionary statement showing on the screen and available in today's earnings release and presentation.

The agenda for today is Rune Olav will give you the Q2 highlights, our financial summary and the order book. Then Gottfred Langseth will give you a financial review, followed by Rune Olav's commentary regarding the operational update and the market comments, the guidance and then we will have the summary and a Q&A at the end.

So with that, I give the word to you, Rune Olav.

Rune Olav Pedersen

PGS ASA - President & CEO

Thank you, Bard. Good morning, everyone. I will start with the highlights from our second quarter results and start with the contract market. We are seeing improving contract rates and margins, and we saw that continuing into Q2

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