Key Figures

    Note 2019 2018 2017 2016 2015
               
Profit              
Operating revenues USD million   225.4 330.8 283.0 474.0 474.7
EBITDA USD million 1 97.1 166.6 122.9 253.2 262.9
Operating profit USD million   (342.6) 53.0 (578.2) 52.8 30.8
Net profit USD million   (399.9) (114.5) (647.1) 172.6 (50.6)
Earnings per share (fully diluted) USD 2 (4.54) (1.30) (7.35) 8.36 (21.00)
               
Balance sheet              
Total assets USD million   1 480.2 1 736.8 1 947.0 2 686.9 2 187.2
Interest-bearing debt USD million   1 397.9 1 243.0 1 347.7 1 390.8 1 247.0
Net interest-bearing debt USD million 3 1 199.8 1 102.7 1 115.8 1 185.1 1 189.9
Book equity USD million   2.4 400.2 497.6 1 129.5 715.2
Book equity ratio   4 0.2% 23.0% 26.0% 42.0% 32.6%
Liquidity reserve USD million 5 198.1 277.3 231.9 205.7 57.1
Net cash flow USD million   57.8 (91.6) 26.2 148.6 (65.3)
Net working capital  USD million   (1 158.2) 58.7  221.3 142.5  (157.1)
               
Valuation              
Market Capitalisation at year-end USD million   19.7 126.7 118.1 306 619
Share Price NOK 6 2.11 13.4 12 37 2 100
               
Operations              
Fleet utilisation rate     50.9% 47.3% 38.4% 43.2% 70.1%
               

  1. Operating profit before depreciation
  2. Net profit / Average number of outstanding and potential shares. EPS restated to reflect reverse split in 2016.
  3. Interest-bearing debt – Cash and deposits
  4. (Book equity / Total assets) * 100
  5. Cash and deposits + available liquidity reserve balance under a committed revolving credit facility
  6. Restated to reflect reverse split in 2016