Prosafe SE (FRA:1Q6)

€ 0.689 0.123 (21.73%) Market Cap: 11.73 Mil Enterprise Value: 351.31 Mil PE Ratio: 0 PB Ratio: 3.28 GF Score: 53/100

Q3 2024 Prosafe SE Earnings Call Transcript

Nov 14, 2024 / 09:00AM GMT

Release Date Price: €1.55 (+0.13%)

Transcript

Terje Askvig

Prosafe SE - Chief Executive Officer

Welcome to this third quarter, 2024 result presentation for Prosafe. If there are any questions in the in the audience, please use the microphone and online there is a chat function and we read out the questions at the end.

So last quarter was a rather eventful quarter for Prosafe.

Luckily there was not an eventful quarter and came to safety. So that was, we ran our vessels, we actually had over a year and a half now without any LTIs and operation as such as we say sound, we had utilization of the vessel that's of 57%. Of course, the vessels that are on charter is more between 98% and 100%. So I think the, the operation for the company and the Vessels are very strong.

Also, we then during the quarter, we converted the LTIs for Boreas and Safe Caledonia into firm contracts. Very happy with that. We're building up our backlog and we also extended the Concordia. So the Concordia will now be on contract until the 9th of March when she is due for an SPS.

We also are very close to an extension on Safe Zephyrus it's a 2.5

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