Operating income from continuing operations was NOK 1.3 million in the fourth
quarter of 2022, compared to NOK 0.4 million in the corresponding period of
2021. EBITDA from continuing operations were negative NOK 44.3 million,
including loss from joint ventures of NOK 41.6 million. EBITDA in the fourth
quarter of 2021 were NOK 6.3 million for comparison. Net loss from continuing
operations was NOK 59.6 million in the fourth quarter of 2022, including
currency losses of NOK 19.2 million. Net profit from continuing operations was
NOK 8.6 million in the corresponding period of 2021.
Following the sale of Polar Onyx in February 2022, the Subsea & Renewables
segment is presented as discontinued operations in the financial reporting.
Including profit from discontinuing operations, GC Rieber Shipping had a net
loss of NOK 56.8 million in the fourth quarter of 2022 and net loss of NOK 71.4
million in the fourth quarter of 2021.
The preliminary annual result for 2022 gives a profit of NOK 243.1 million,
including NOK 278.2 million from discontinuing operations.
A dividend of NOK 0.25 per share will be proposed to the annual general meeting
in 2023.
“Leaving 2022 behind, GC Rieber Shipping has seen see clear results from the
change of strategy and launch of the project-house in 2020. Two Windkeeper
vessels have been ordered and focus is now on building Windkeeper into a
substantial and valuable player within the offshore wind industry”, Einar
Ytredal, CEO of GC Rieber Shipping comments.
Please find the report and presentation for the fourth quarter 2022 enclosed.
Contact information:
Einar Ytredal, CEO, GC Rieber Shipping, phone: +47 975 20 184
Øystein Kvåle, CFO, GC Rieber Shipping, phone: +47 479 02?919
About GC Rieber Shipping:
GC Rieber Shipping is a shipowner and project-house with focus on developing
profitable and sustainable maritime projects.
Further information about the company, please go to www.gcrieber-shipping.com.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.