Q2 2023 Siem Offshore Inc Earnings Call Transcript
Good day, everyone, and welcome to the review and presentation of our results for the second-quarter 2023. My name is Bernt Omdal, and I'm the CEO of the company. I'm joined by our CFO, Vidar Jerstad, and together, we will take you through this presentation.
Siem Offshore's report for the second-quarter 2023 was released prior to the market opening today. In this presentation, we will cover the main highlights of the report, and we will refer to the presentation issued together with the financial report. At the end of the presentation, we will open up for questions.
Looking at the highlights for the quarter, we had 28 vessels in operation, and all vessels delivered at positive EBITDA margin. We had close to $89 million in revenue, and we delivered $45.9 million in EBITDA, which is equivalent to 52% EBITDA margin. Last year, the same number was 43%. Our cash position was $109 million at the end of the quarter, and our book equity ratio was 39%. Operating profit increased by 84% compared to last year.
We continued to deliver safe and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
