Operating income from continuing operations was NOK 1.1 million in the third
quarter of 2022, compared to NOK 0.7 million in the corresponding period of
2021. EBITDA from continuing operations were negative NOK 17.7 million,
including loss from joint ventures of NOK 14.5 million. EBITDA in the third
quarter of 2021 were NOK 189.3 million for comparison, including gain from sale
of shares in Shearwater in July 2021 of NOK 186.7 million. Net profit from
continuing operations was NOK 16.5 million in the third quarter of 2022,
including currency gains of NOK 32.2 million. Net loss from continuing
operations was NOK 197.0 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
profit of NOK 19.8 million in the third quarter of 2022 and net profit of NOK
180.1 million in the third quarter of 2021.
“Following the strategic decision to become a pure shipowner and project-house,
we are proud to have launched WindKeeper as our first project. Since launch, our
innovative and cost- and energy efficient vessels have seen considerable
interest, confirming our believe in WindKeeper as a substantial and valuable
player in the offshore wind industry in the years to come”, Einar Ytredal, CEO
of GC Rieber Shipping commented.
“With further development of WindKeeper’s Charge2Work, the electric zero
emission alternative, GC Rieber Shipping continues to target profitable and
sustainable maritime projects, reducing environmental footprints.”
Please find the report and presentation for the third 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.