Electromagnetic Geoservices ASA 2021 AR2
The report highlights EMGS's financial and operational performance for the fiscal year 2021. The company achieved a net income of USD 4.9 million, recovering from a net loss of USD 23.4 million in the previous year, despite low vessel utilization of 32%. EMGS made significant progress in strengthening its balance sheet by reducing outstanding interest-bearing debt by approximately 25% through voluntary bond buy-backs. Operationally, the company successfully completed three campaigns in Mexico, Southeast Asia, and Norway. Additionally, the report outlines EMGS's commitment to sustainability, corporate social responsibility, and its strategic positioning to support the energy transition through potential applications in marine minerals and offshore wind.
Company: Electromagnetic Geoservices ASA
Sector: Energy
Country: Norway
Year: 2021
Type: AR2
Pages: 102
Electromagnetic Geoservices ASA
Annual Report
The report highlights EMGS's financial and operational performance for the fiscal year 2021. The company achieved a net income of USD 4.9 million, recovering from a net loss of USD 23.4 million in the previous year, despite low vessel utilization of 32%. EMGS made significant progress in strengthening its balance sheet by reducing outstanding interest-bearing debt by approximately 25% through voluntary bond buy-backs. Operationally, the company successfully completed three campaigns in Mexico, Southeast Asia, and Norway. Additionally, the report outlines EMGS's commitment to sustainability, corporate social responsibility, and its strategic positioning to support the energy transition through potential applications in marine minerals and offshore wind.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Employees