Board Change • May 20
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Monique Fares is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. お知らせ • Apr 16
Prosafe SE Announces Resignation of Jean-Baptiste de Boissieu as Board Member, Effective April 30, 2026 Prosafe SE announced that Jean-Baptiste de Boissieu has notified the Chair of the Board of Directors that he resigns as board member due to other commitments. De Boissieu has been a member of the Board of Directors since August 2025. His resignation has been accepted and is effective April 30, 2026. お知らせ • Mar 04
An undisclosed buyer acquired 5% stake in Prosafe SE (OB:PRS) from Burlington Loan Management Designated Activity Company. An undisclosed buyer acquired 5% stake in Prosafe SE (OB:PRS) from Burlington Loan Management Designated Activity Company on March 3, 2026.
An undisclosed buyer completed the acquisition of 5% stake in Prosafe SE (OB:PRS) from Burlington Loan Management Designated Activity Company on March 3, 2026. お知らせ • Feb 20
Prosafe SE Appoints Halvdan Kielland as Permanent CFO Prosafe SE has appointed Halvdan Kielland as permanent chief financial officer (CFO). Mr. Kielland joined Prosafe as Corporate Finance Lead in January 2025 and was appointed Interim CFO in November 2025. Prior to joining Prosafe, he worked in investment banking with a focus on energy services and offshore. お知らせ • Dec 24
Prosafe SE, Annual General Meeting, May 29, 2026 Prosafe SE, Annual General Meeting, May 29, 2026. お知らせ • Nov 08
Prosafe SE Appoints Reese McNeel as CEO Prosafe SE announced that the Board of Directors of Prosafe has appointed Reese McNeel as permanent chief executive officer (CEO).Reese will continue to perform the CFO duties until a successor is appointed. Reese has more than 20 years of leadership experience from the offshore energy industry and publicly listed companies, including executive management and CEO level tenure at Atlantica Tender Drilling Ltd. and Sevan Marine ASA. He has already demonstrated his strong leadership and dedication to Prosafe as interim CEO since September 2025 and Chief Financial Officer since August 2022. お知らせ • Dec 30
Prosafe Se Announces Resignation of Gunnar Eliassen as Deputy Chair Prosafe SE announced that Gunnar Eliassen has notified the Chair of the Board of Directors that he resigns as Deputy Chair due to other commitments. Mr. Eliassen has been a member of the Board of Directors since February 2024. His resignation has been accepted and is effective immediately. お知らせ • Dec 20
Prosafe SE, Annual General Meeting, May 21, 2025 Prosafe SE, Annual General Meeting, May 21, 2025. Reported Earnings • Nov 17
Third quarter 2024 earnings released: US$0.66 loss per share (vs US$0.49 loss in 3Q 2023) Third quarter 2024 results: US$0.66 loss per share (further deteriorated from US$0.49 loss in 3Q 2023). Revenue: US$34.6m (up 5.5% from 3Q 2023). Net loss: US$11.8m (loss widened 107% from 3Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Energy Services industry in Europe. Reported Earnings • Aug 16
Second quarter 2024 earnings released: US$0.58 loss per share (vs US$2.59 loss in 2Q 2023) Second quarter 2024 results: US$0.58 loss per share (improved from US$2.59 loss in 2Q 2023). Revenue: US$34.2m (up 63% from 2Q 2023). Net loss: US$10.3m (loss narrowed 60% from 2Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Energy Services industry in Europe. New Risk • Jun 10
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$55m Forecast net loss in 2 years: US$4.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$4.0m net loss in 2 years). Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (€61.7m market cap, or US$66.2m). Reported Earnings • May 09
First quarter 2024 earnings released: US$0.48 loss per share (vs US$2.47 loss in 1Q 2023) First quarter 2024 results: US$0.48 loss per share (improved from US$2.47 loss in 1Q 2023). Revenue: US$34.0m (up 138% from 1Q 2023). Net loss: US$8.60m (loss narrowed 60% from 1Q 2023). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Energy Services industry in Europe. Reported Earnings • Mar 20
Full year 2023 earnings released: US$6.00 loss per share (vs US$0.17 profit in FY 2022) Full year 2023 results: US$6.00 loss per share (down from US$0.17 profit in FY 2022). Revenue: US$96.0m (down 52% from FY 2022). Net loss: US$67.8m (down US$69.3m from profit in FY 2022). Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Energy Services industry in Europe. Reported Earnings • Feb 03
Full year 2023 earnings released: US$6.00 loss per share (vs US$0.17 profit in FY 2022) Full year 2023 results: US$6.00 loss per share (down from US$0.17 profit in FY 2022). Revenue: US$97.7m (down 51% from FY 2022). Net loss: US$67.8m (down US$69.3m from profit in FY 2022). Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Energy Services industry in Europe. New Risk • Jan 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.7m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Shareholders have been substantially diluted in the past year (103% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€91.7m market cap, or US$99.9m). お知らせ • Jan 08
Prosafe SE Announces Resignation of Simen Flaaten as Board member Simen Flaaten has notified the Chair of Prosafe’s Board of Directors that due to other commitments, he wants to resign as Director as soon as practicable possible. Mr. Flaaten has been a member of the Board of Directors since 30 June 2023. Mr. Flaaten’s resignation has been accepted and he will remain on the Board until a Director to replace him has been elected. Prosafe will call for an extraordinary general meeting to elect a new Director shortly. Reported Earnings • Oct 27
Third quarter 2023 earnings released: US$0.49 loss per share (vs US$1.13 profit in 3Q 2022) Third quarter 2023 results: US$0.49 loss per share (down from US$1.13 profit in 3Q 2022). Revenue: US$32.8m (down 48% from 3Q 2022). Net loss: US$5.70m (down 158% from profit in 3Q 2022). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 140% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. お知らせ • Oct 19
Prosafe Se: Announces Resignation of Alf C. Thorkildsen as Board Member Prosafe SE announced that Alf C. Thorkildsen has notified the Chair of the Board of Directors that he resigns as Director due to other commitments. Mr. Thorkildsen has been a member of Prosafe’s Board of Directors since 2020 and Deputy Chair since 2022. His resignation has been accepted and is effective immediately. お知らせ • Sep 07
Prosafe SE to Report Q4, 2023 Results on Feb 01, 2024 Prosafe SE announced that they will report Q4, 2023 results on Feb 01, 2024 Reported Earnings • Aug 18
Second quarter 2023 earnings released: US$2.59 loss per share (vs US$1.20 profit in 2Q 2022) Second quarter 2023 results: US$2.59 loss per share (down from US$1.20 profit in 2Q 2022). Revenue: US$21.0m (down 66% from 2Q 2022). Net loss: US$25.7m (down 343% from profit in 2Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. お知らせ • Jul 28
Prosafe SE Announces Executive Changes Prosafe SE announced that Board of Directors of Prosafe has appointed Terje Askvig as new CEO. He will start in his new position latest on 1 November 2023. Reese McNeel will continue as interim CEO until that date. Terje Askvig has experience from shipping, oil service, family office and private equity. For the last 11 years, he has been Operating Partner and Senior Advisor in Triton Partners, a leading European private equity firm. Before joining Triton Partners, Mr. Askvig worked as CEO of Eitzen Chemical for five years and seven years in Fred. Olsen & Co, including Managing Director of Fred. Olsen Renewables. Mr. Askvig also worked five years as CEO in London for BT Shipping Ltd. and for a family office, Pausco. お知らせ • Jul 01
Prosafe Se Approves Board Elections Prosafe SE at its AGM held on June 30, 2023 approved election of Simen Flaaten as member of the board effective after publication of the Company's listing prospectus dated 30 June 2023, until the annual general meeting of 2024 and Election of Halvard Idland as deputy director until the annual general meeting of 2024. お知らせ • May 26
Prosafe Se Announces Executive Changes Prosafe SE announced that, following the announcement on 27 April 2021 that Jesper Kragh Andresen will step down as CEO, the board has decided to accelerate the leadership transition and to appoint Reese McNeel, the current CFO, to interim CEO effective immediately and until a permanent replacement is selected. Jesper shall continue to support the company as a strategic advisor to the Board and executive team in a transition period. Reported Earnings • May 10
First quarter 2023 earnings released: US$2.47 loss per share (vs US$1.35 loss in 1Q 2022) First quarter 2023 results: US$2.47 loss per share (further deteriorated from US$1.35 loss in 1Q 2022). Revenue: US$14.3m (down 60% from 1Q 2022). Net loss: US$21.7m (loss widened 82% from 1Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €10.06, the stock trades at a trailing P/E ratio of 66x. Average forward P/E is 11x in the Energy Services industry in Europe. Total loss to shareholders of 91% over the past three years. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: US$0.17 (vs US$263 in FY 2021) Full year 2022 results: EPS: US$0.17 (down from US$263 in FY 2021). Revenue: US$198.9m (up 42% from FY 2021). Net income: US$1.50m (down 100% from FY 2021). Profit margin: 0.8% (down from 662% in FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. お知らせ • Feb 13
Prosafe SE to Report Q4, 2022 Results on Feb 28, 2023 Prosafe SE announced that they will report Q4, 2022 results at 7:00 AM, Central European Standard Time on Feb 28, 2023 Recent Insider Transactions • Nov 16
Independent Non-Executive Director recently sold €344k worth of stock On the 10th of November, Nina Udnes Tronstad sold around 22k shares on-market at roughly €15.36 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €70k more than they sold in the last 12 months. Recent Insider Transactions • Nov 13
Independent Non-Executive Director recently sold €344k worth of stock On the 10th of November, Nina Udnes Tronstad sold around 22k shares on-market at roughly €15.36 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €70k more than they sold in the last 12 months. Reported Earnings • Nov 04
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: US$63.6m (up 39% from 3Q 2021). Net income: US$9.90m (up US$18.8m from 3Q 2021). Profit margin: 16% (up from net loss in 3Q 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Energy Services industry in Europe. Reported Earnings • Aug 20
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: US$60.9m (up 22% from 2Q 2021). Net income: US$10.6m (up US$21.8m from 2Q 2021). Profit margin: 17% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 13% growth forecast for the Energy Services industry in Germany. Recent Insider Transactions • May 15
Independent Non-Executive Director recently bought €63k worth of stock On the 13th of May, Nina Udnes Tronstad bought around 3k shares on-market at roughly €20.92 per share. In the last 3 months, they made an even bigger purchase worth €134k. Insiders have collectively bought €295k more in shares than they have sold in the last 12 months. Reported Earnings • May 13
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$35.5m (up 122% from 1Q 2021). Net loss: US$11.9m (loss narrowed 87% from 1Q 2021). Reported Earnings • Apr 01
Full year 2021 earnings released Full year 2021 results: Revenue: US$141.1m (up 147% from FY 2020). Net income: US$927.9m (up US$1.88b from FY 2020). Recent Insider Transactions • Mar 29
Independent Non-Executive Director recently bought €126k worth of stock On the 28th of March, Nina Udnes Tronstad bought around 8k shares on-market at roughly €15.03 per share. In the last 3 months, they made an even bigger purchase worth €134k. Insiders have collectively bought €232k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 23
Independent Non-Executive Director recently bought €134k worth of stock On the 14th of March, Nina Udnes Tronstad bought around 11k shares on-market at roughly €12.10 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €107k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 14
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$110 (up from US$10,798 loss in FY 2020). Revenue: US$141.1m (up 147% from FY 2020). Net income: US$927.9m (up US$1.88b from FY 2020). Revenue exceeded analyst estimates by 27%. Reported Earnings • Nov 10
Third quarter 2021 earnings released: US$0.10 loss per share (vs US$0.28 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$45.8m (up 292% from 3Q 2020). Net loss: US$8.90m (loss narrowed 63% from 3Q 2020). Reported Earnings • Aug 21
Second quarter 2021 earnings released: US$0.13 loss per share (vs US$0.48 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$49.9m (up US$45.4m from 2Q 2020). Net loss: US$11.2m (loss narrowed 73% from 2Q 2020). Reported Earnings • May 06
First quarter 2021 earnings released: US$1.02 loss per share (vs US$9.72 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$16.0m (down 36% from 1Q 2020). Net loss: US$90.0m (loss narrowed 90% from 1Q 2020). お知らせ • Apr 16
Gulating Court of Appeal Judgement in the Case Between Prosafe and Westcon Regarding the TSV Safe Scandinavia Conversion The Gulating Court of Appeal has on 15 April 2021 decided that Prosafe shall pay to Westcon NOK 302,510,457 plus interest and legal costs, in total about NOK 465 million. The judgement implies full payment to Westcon of the amount claimed. Compared to the judgement in the first instance by the Stavanger District Court, the result in the Gulating Court of Appeal is a complete reversal of the result. A judgement from a Court of Appeal is usually final, as the possibilities of further appeal are very limited. Reported Earnings • Mar 29
Full year 2020 earnings released: US$10.80 loss per share (vs US$4.55 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$57.1m (down 75% from FY 2019). Net loss: US$950.1m (loss widened 138% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. お知らせ • Feb 28
Prosafe SE Enters into Contract with CNOOC Petroleum Europe Limited for the Charter of the Safe Boreas to Provide Gangway Connected Operations Supporting the Buzzard Platform Complex in the UK Sector of the North Sea Prosafe SE has signed a contract with CNOOC Petroleum Europe Limited for the charter of the Safe Boreas to provide gangway connected operations supporting the Buzzard platform complex in the UK sector of the North Sea. The firm duration of the contract commencing mid-April 2021 is 100 days with three 30-day options. The Safe Boreas will perform the gangway connected work scope using dynamic positioning, providing CNOOC Petroleum Europe Limited flexibility in operation. Total value of the contract excluding the option periods is approximately USD 8.5 million. Reported Earnings • Feb 06
Full year 2020 earnings released: US$10.80 loss per share (vs US$4.55 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$56.7m (down 75% from FY 2019). Net loss: US$950.1m (loss widened 138% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Feb 06
Revenue beats expectations Revenue exceeded analyst estimates by 20%. Over the next year, revenue is forecast to grow 95% compared to a 5.8% decline forecast for the Energy Services industry in Germany. Is New 90 Day High Low • Jan 20
New 90-day high: €0.22 The company is up 190% from its price of €0.076 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 40% over the same period. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue misses expectations Revenue missed analyst estimates by 46%. Over the next year, revenue is forecast to grow 79% compared to a 9.7% decline forecast for the Energy Services industry in Germany. Reported Earnings • Nov 07
Third quarter 2020 earnings released: US$0.28 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: US$11.7m (down 79% from 3Q 2019). Net loss: US$24.2m (loss narrowed 93% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 65% per year, which means it is performing significantly worse than earnings.