Bonheur ASA, Norwegian holding company that operates in the offshore wind sector, among other activities, released its financial results for the third quarter.
The group’s operating revenues marked a slight drop from NOK 3 411 million (EUR 365 milion), last year, to NOK 3 402 million (EUR 364.2 million), the same period this year.
Shipping / Offshore wind division reported an operating revenue of NOK 254 million (EUR 27 milion), a drop of more than 50% the same period last year. The division also reported negative EBITDA of NOK 17 million (EUR 1.8 milion), which partly offset the group’s EBITDA increase to NOK 1 305 million (EUR 140 milion).
The division’s operating result before depreciation for the same period last year was NOK 167 million (EUR 18 milion).
The Shipping/Offshore Wind division consists of Fred. Olsen Windcarrier AS, a company providing transport and installation services for the offshore wind industry, and Universal Foundation Norway AS, a company offering innovative offshore wind turbine foundations. Both companies are indirectly owned 100% through Fred. Olsen Ocean Limited (formerly named First Olsen Limited). Fred. Olsen Windcarrier AS owns 51% of Global Wind Service A/S, an international supplier of qualified and skilled personnel to the global wind turbine industry. Fred. Olsen Windcarrier AS and Global Wind Service A/S each own 50% of Fred. Olsen Windcarrier Denmark A/S.