Edda Wind ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 17, 2023 at 01:51 am EDT
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Edda Wind ASA reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was EUR 9.24 million compared to EUR 6.89 million a year ago. Net loss was EUR 0.199 million compared to net income of EUR 0.567 million a year ago.
For the six months, revenue was EUR 16.14 million compared to EUR 13.66 million a year ago. Net loss was EUR 0.631 million compared to net income of EUR 1.35 million a year ago. Basic loss per share from continuing operations was EUR 0.01 compared to basic earnings per share from continuing operations of EUR 0.02 a year ago. Diluted loss per share from continuing operations was EUR 0.01 compared to diluted earnings per share from continuing operations of EUR 0.02 a year ago.
Edda Wind ASA is a Norway-based company that provides service operation to the global offshore wind industry. The Company develops, builds, owns and operates purpose-built Service Operation Vessels (SOV) and Commissioning Service Operation Vessels (CSOV) for offshore wind farms worldwide. The vessels accommodate wind turbine technicians and provide services during the commissioning and operation of offshore wind farms. Edda Wind owns and operates two vessels working for Oersted, and operates one chartered frontrunner for a long term contract with Ocean Breeze. In addition, there is a newbuild program of two SOVs and four CSOVs, of which two SOVs and two CSOVs are committed on mid- to long term contracts with Vestas, Ocean Breeze, Siemens Gamesa and SSE.