Fourth quarter update

Mar 16, 2023 | News

The offshore service company, Argeo has published their q4 2022 results and has the pleasure of inviting investors, analysts, and media to a livestreamed presentation of the update today at the 16th of March at 11.00 CET. The Q4 presentation will be broadcasted live at: www.argeo.no/webcast. Viewers may submit written questions during and after the presentation.

Q4 Highlights

  • NOK 50 million private placement
  • NOK 20 million loan granted from Innovation Norway
  • 5-year bareboat contract for vessel Argeo Searcher with option to buy
  • First contract for Argeo “Argus” is a success with good results
  • Argeo Searcher contract work in the North Atlantic for Deep Sea Minerals

Watch the Q4 webcast

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Argeo delivers strong financial results in the first quarter

Argeo delivers strong financial results in the first quarter

Argeo achieved record growth in revenue, with an increase of 288% YoY to USD 9.5 million and an EBITDA of 2.9 million, an increase of +415% YoY. Net profit was USD 2.0 million, an increase of 238% YoY. The remaining backlog for 2024 now totals USD 54 million, whereas...