Interim report
Page 1
Report for the first quarter 2021 Financial and operating highlights 1Q21 ( 1Q20 in brackets ) : Operating revenues were NOK 1 338 million ( NOK 1 967 million ) EBITDA was NOK 236 million ( NOK 250 million ) EBIT was NOK 9 million ( NOK -101 million ) Net result after tax was NOK -35 million ( NOK 118 million ) Post quarter event : Dividend proposal of NOK 4.00 per share , for the Company NOK 170 million ● Segment highlights 1Q21 ( 1Q20 in brackets ) : Renewable Energy O EBITDA NOK 333 mill . ( NOK 419 mill . ) O Power generation was lower than normal in Q1 partly offset by higher power prices Högaliden project estimated completion by end of July 2021 O O Additional 148 MW consented onshore wind in Scotland Commenced construction preparations for Fäboliden 2 O Continued progress on Codling Wind Park offshore projects toward auction in 2022 In preparation for Scottish offshore wind lease round in 2021 O Wind Service O O BONHEUR ASA O O O EBITDA NOK 70 mill . ( NOK -29 mill . ) T & I utilisation of 74 % ( 75 % ) in Q1 Going forward : O Brave Tern on contract in Taiwan O Bold Tern crane replacement and contract in Taiwan Blue Tern on contract at Moray East Established fleet upgrade and growth program in FOWIC Good performance in GWS Good performance in UWL O Cruise O EBITDA NOK -141 mill . ( NOK -105 mill . ) O Substantial demand for cruises for second half of 2021 and 2022 O In UK all people of 50+ age ( 32 mill . People ) have been offered vaccine by mid - April O Mobilising one cruise ship for UK cruise only in July , others to follow pending other countries opening up for cruising Other Investments O NHST continued development of new digital products and services O Creating a new media division - 1 -