Awilco Drilling PLC reports contract revenue of USD 12.6 million (USD 8.6 million Q4 2020), EBITDA of USD 3.7 million (USD 2.6 million loss in Q4 2020) and a net profit of USD 1.3 million, (USD 152.9 million loss in Q4 2020).
Revenue efficiency was 87.5% during the quarter (54.1% in Q4 2020).
Operational uptime was 95.9% during the quarter (81.8% in Q4 2020).
Contract backlog at the end of Q1 was approximately USD 8.0 million (USD 15.0 million Q4 2020).
Please see attached for the Q1 2021 report.
A digital presentation will be held today, 12 May 2021 at 11:00 UK timeprior to the meeting. There will be a Q&A session after the presentation.
To join the digital meeting, please click this linkor copy and paste the following address into your browser:
https://eur01.safelinks.protection.outlook.com/ap/t-59584e83/?url=https%3A%2F%2Fteams.microsoft.com%2Fl%2Fmeetup-join%2F19%253ameeting_ZjczYTA1M2UtNmM4OS00YzU2LThlY2ItNWY3YjFjZjIxZDQw%2540thread.v2%2F0%3Fcontext%3D%257b%2522Tid%2522%253a%2522c6903860-15d6-4675-a5fe-cf03764de020%2522%252c%2522Oid%2522%253a%2522b70a3a9b-a081-41f9-b2a4-3e57ef82979e%2522%252c%2522IsBroadcastMeeting%2522%253atrue%257d%26btype%3Da%26role%3Da&data=04%7C01%7Cchaavind%40awilhelmsen.no%7C090302b4ad4f4f6a2fa408d9106333c7%7C13406330ee5743ad9fa7ea6e572899d4%7C0%7C0%7C637558840519020902%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=cMy4%2FEu04KXgaC%2FrbeSD%2FL00rx6RmAKc3M2VT7I4Iy8%3D&reserved=0
A replay of the presentation will be made available on the Company website after the event.
Aberdeen, 12 May 2021
For further information please contact:
Eric Jacobs, Interim CEO
Phone: +44 1224 737900
Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64
Email: ch@awilcodrilling.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Attachment
- AWDR Q1 2021 report (https://ml-eu.globenewswire.com/Resource/Download/006a38d3-5280-489f-b76b-cf257eb51a4b)
