Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Nora AI
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Regulatory press release

OTS: Oceanteam ASA reports full year 2021 results

Oceanteam
The year 2021 has been a transitional year for Oceanteam in which it
successfully divested its shipping assets, settled the associated bank loans and
positioned itself for growth opportunities the global energy transition is
offering.

Subject to long-term shareholder loans of USD 3 million, Oceanteam is now debt
free with an equity ratio at 31 December 2021 of 71% (31 December 2020: 31%) and
a cash position of USD 2.8 million at year-end 2021.

The Solutions division has performed satisfactorily in 2021 achieving revenue
and EBITDA levels comparable to that of 2020.

Further to divestment of the vessels, the Oceanteam ASA corporate related costs
have been reclassified from the Shipping to the Solutions segment.

The net loss for 2021 was USD 3.1 million compared to a net loss in 2020 of USD
73.2 million.

For further information about Oceanteam ASA please visit www.oceanteam.no or
contact:

Hans Reinigert
CEO
Oceanteam ASA
Telephone: +31 20 535 75 70
E-mail: hans@oceanteam.nl
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.