Interim report
Page 1
Report for the third quarter 2021 Financial and operating highlights 3Q21 ( 3Q20 in brackets ) : Operating revenues were NOK 1 880 million ( NOK 1 371 million ) EBITDA was NOK 279 million ( NOK 144 million ) EBIT was NOK 14 million ( NOK -306 million ) Net result after tax was NOK -157 million ( NOK -398 million ) Segment highlights 3Q21 ( 3Q20 in brackets ) : Renewable Energy O O O O O O Wind Service O O O O O O Cruise O O BONHEUR ASA EBITDA NOK -138 mill . ( NOK -141 mill . ) O Resumed cruising successfully with two ships in the quarter O Remaining cruise ships planned to be phased into operations through to 2Q 2022 O UK cruise industry characterised by discounting in the coming winter season Substantial demand for cruises in 2022 and 2023 O EBITDA NOK 174 mill . ( NOK 131 mill . ) Higher and increasing power prices in 3Q Low wind speeds in 3Q , 44 % reduced like for like generation vs. 3Q20 Högaliden project completed early October adding 19 % expected production going forward Both high wind speeds and strong power prices so far in 4Q Offshore wind established as a separate business unit Other Investments O O EBITDA NOK 264 mill . ( NOK 151 mill . ) T & I utilisation of 89 % ( 75 % ) in 3Q Record setting installation performance of Blue Tern at Morray East Bold Tern arrived at yard in Singapore Blue Tern arrived at yard in Denmark for class renewal work Fleet upgrade program continued as planned in the quarter EBITDA NOK -21 mill . ( NOK 3 mill . ) EBITDA for NHST NOK 28 mill . ( NOK 29 mill . ) NHST improved digital subscription vs. 3Q20 and continued the reorganisation of the NHST group - 1