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Prosafe's (PRSEY) CEO Karl Ronny Klungtvedt on Q4 2014 Results - Earnings Call Transcript

Prosafe SE (PRSEY)

Q4 2014 Earnings Conference Call

February 09, 2015 05:00 AM ET

Executives

Karl Ronny Klungtvedt - Chief Executive Officer

Sven Børre Larsen - Chief Financial Officer

Analysts

Haakon Amundsen - ABG Sundal Collier

Andreas Stubsrud - Pareto Securities

Sondre Stormyr - Danske Markets

Harald Øyen - SEB

Presentation

Karl Ronny Klungtvedt

Good morning and welcome to the Fourth Quarter Presentation for Prosafe SE. First please take a look at the disclaimer. The agenda for today is that I will first take you through some recent developments. Then our CFO will take us through the financial results. We will look at the operations and then the outlook towards the end.

The fourth quarter was very good from a utilization perspective with 92%, it was the best fourth quarter ever, despite an incident with the Safe Bristolia that led to some downtime for that unit. Early in the beginning… Read More …