New Risk • Apr 28
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Shares are highly illiquid. High level of non-cash earnings (26% accrual ratio). Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: kr0.91 (vs kr1.13 in FY 2024) Full year 2025 results: EPS: kr0.91 (down from kr1.13 in FY 2024). Revenue: kr785.1m (up 3.4% from FY 2024). Net income: kr66.4m (down 20% from FY 2024). Profit margin: 8.5% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Board Change • Mar 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Annicken Kildahl was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Annicken Kildahl was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Annicken Kildahl was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Dec 17
Eidesvik Offshore ASA, Annual General Meeting, May 20, 2026 Eidesvik Offshore ASA, Annual General Meeting, May 20, 2026. Board Change • Nov 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Deputy Chairman of the Board Lauritz Eidesvik is the most experienced director on the board, commencing their role in 2018. Independent Director Annicken Kildahl was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Sep 29
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Deputy Chairman of the Board Lauritz Eidesvik is the most experienced director on the board, commencing their role in 2018. Independent Director Annicken Kildahl was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Aug 08
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Deputy Chairman of the Board Lauritz Eidesvik is the most experienced director on the board, commencing their role in 2018. Independent Director Annicken Kildahl was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 공시 • Jul 02
Eidesvik Offshore ASA Announces Changes to the Board of Directors The employees of the Eidesvik Offshore ASA group of companies have elected new employee representatives as board member and substitute member to the Board . Tore Hettervik has replaced Børre Lindanger as board member, and Ole Severin Meling has replaced Tore Hettervik as substitute member. Tore Hettervik and Ole Severin Meling have been elected for one year. Board Change • Jun 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Deputy Chairman of the Board Lauritz Eidesvik is the most experienced director on the board, commencing their role in 2018. Independent Director Annicken Kildahl was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 공시 • May 20
Eidesvik Offshore Asa Announces Board and Committee Appointments Eidesvik Offshore ASA at AGM held on May 20, 2025 approved Kenneth Walland, chair of the board - for 2 years. The nomination committee is reduced to three members and consist of: kristine Klaveness (Chair) - for 1 year. Signe Lund Jansen - for 2 years. Eivind Eidesvik - for 2 years. Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: kr1.13 (vs kr7.05 in FY 2023) Full year 2024 results: EPS: kr1.13 (down from kr7.05 in FY 2023). Revenue: kr759.4m (up 8.6% from FY 2023). Net income: kr82.7m (down 84% from FY 2023). Profit margin: 11% (down from 74% in FY 2023). The decrease in margin was driven by higher expenses. New Risk • Mar 06
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (kr824.7m market cap, or US$75.8m). Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: kr1.13 (vs kr7.05 in FY 2023) Full year 2024 results: EPS: kr1.13 (down from kr7.05 in FY 2023). Revenue: kr775.1m (up 11% from FY 2023). Net income: kr82.7m (down 84% from FY 2023). Profit margin: 11% (down from 74% in FY 2023). The decrease in margin was driven by higher expenses. 공시 • Dec 16
Eidesvik Offshore ASA, Annual General Meeting, May 20, 2025 Eidesvik Offshore ASA, Annual General Meeting, May 20, 2025. 공시 • Nov 28
Eidesvik Offshore ASA Appoints Helga Cotgrove as CEO The Board of Eidesvik Offshore ASA announced that current interim CEO Helga Cotgrove on 28 November 2024 will take the role as CEO of the company. 공시 • Sep 11
Eidesvik Offshore ASA Announces Resignation of Gitte Gard Talmo as CEO Eidesvik Offshore ASA announced that Gitte Gard Talmo has resigned as CEO of EIOF to take on a new position in an international company abroad. Gard Talmo has been with the company for 22 years and has been CEO of EIOF since 1 January 2022. Gitte Gard Talmo will continue in her position as CEO for the time being, while the board of Eidesvik Offshore ASA will initiate a search for her replacement as CEO. 공시 • Jun 28
Eidesvik Offshore ASA Announces Changes to the Board of Directors Eidesvik Offshore ASA have elected new employee representatives as board member and substitute member to the Board. Børre Lindanger has replaced Petter Lønning as board member, and Tore Hettervik has replaced Børre Lindanger as substitute member. Børre Lindanger and Tore Hettervik have been elected for one year. 공시 • May 31
Eidesvik Offshore ASA Approves Dividend Eidesvik Offshore ASA at the annual general meeting held on 30 May 2024, approved dividend of NOK 0.25 per share. Upcoming Dividend • May 24
Upcoming dividend of kr0.25 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 10 June 2024. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (3.7%). Reported Earnings • May 23
First quarter 2024 earnings released: EPS: kr0.12 (vs kr0.39 loss in 1Q 2023) First quarter 2024 results: EPS: kr0.12 (up from kr0.39 loss in 1Q 2023). Revenue: kr183.4m (up 42% from 1Q 2023). Net income: kr8.71m (up kr33.2m from 1Q 2023). Profit margin: 4.8% (up from net loss in 1Q 2023). 공시 • Apr 26
Eidesvik Offshore ASA Proposes Cash Dividend for the Financial Year 2023, Payable on June 10, 2024 The Board of Directors of Eidesvik Offshore ASA have decided to propose to the General Meeting a dividend of NOK 0.25 per share on the basis of the company's financial statements for the financial year 2023. Ex-date: 31 May 2024, Record date: 3 June 2024, Payment date: 10 June 2024. The proposed distribution of the cash dividend is subject to approval by the AGM to be held on 30 May 2024. Board Change • Apr 10
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Bjorg Eknes was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 22
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Bjorg Eknes was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: kr7.10 (vs kr5.57 in FY 2022) Full year 2023 results: EPS: kr7.10 (up from kr5.57 in FY 2022). Revenue: kr772.4m (up 22% from FY 2022). Net income: kr518.4m (up 50% from FY 2022). Profit margin: 67% (up from 55% in FY 2022). Board Change • Feb 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Bjorg Eknes was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Bjorg Eknes was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 30
President & CEO recently bought kr100k worth of stock On the 23rd of November, Gitte Talmo bought around 7k shares on-market at roughly kr13.87 per share. This transaction increased Gitte's direct individual holding by 14x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Gitte's only on-market trade for the last 12 months. Board Change • Nov 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Bjorg Eknes was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Bjorg Eknes was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Bjorg Eknes was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jul 07
Eidesvik Offshore ASA Announces Changes to the Board of Directors The employees of the Eidesvik Offshore ASA group of companies have elected new employee represtatives as board member and susubstitute member to the Board of Eidesvik Offshore ASA. Petter Lønning has replaced Johnny Olson as board member, and Børre Lindanger has replaced Petter Lønning as substitute member. PetterLønning and Børre Lindanger have been elected for one year. Board Change • Jun 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Bjorg Eknes was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jun 02
An unknown buyer entered into agreement to acquire Non-Strategic Assets from Eidesvik Offshore ASA (OB:EIOF). An unknown buyer entered into agreement to acquire Non-Strategic Assets from Eidesvik Offshore ASA (OB:EIOF) on June 1, 2023. The transaction is expected to close during this summer. Board Change • May 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Bjorg Eknes was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Bjorg Eknes was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.