Solstad Offshore ASA 2024 AR2
The report highlights Solstad Offshore's operational and financial performance in 2024, a year marked by a significantly strengthened balance sheet and the successful refinancing of Solstad Maritime Holding. The company achieved a solid vessel utilization of 95% for its owned fleet, generating MNOK 2,791 in revenue and MNOK 1,425 in adjusted EBITDA. Solstad also transitioned to reporting under the European Sustainability Reporting Standards (ESRS) and continued its focus on emission reductions through the Solstad Green Operations program. Additionally, the company successfully discharged a USD 197 million residual claim related to the Normand Maximus, reducing its net debt by approximately NOK 1 billion.
Company: Solstad Offshore ASA
Sector: Energy
Country: Norway
Year: 2024
Type: AR2
Pages: 114
Solstad Offshore ASA
Annual Report
The report highlights Solstad Offshore's operational and financial performance in 2024, a year marked by a significantly strengthened balance sheet and the successful refinancing of Solstad Maritime Holding. The company achieved a solid vessel utilization of 95% for its owned fleet, generating MNOK 2,791 in revenue and MNOK 1,425 in adjusted EBITDA. Solstad also transitioned to reporting under the European Sustainability Reporting Standards (ESRS) and continued its focus on emission reductions through the Solstad Green Operations program. Additionally, the company successfully discharged a USD 197 million residual claim related to the Normand Maximus, reducing its net debt by approximately NOK 1 billion.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Apr 1, 2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees