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Financial strategy


Financial strategy
Oceanteam has a disciplined financial strategy.

The company is exposed to financial risk in different areas. Financial risks include interest rate and currency fluctuations, investment and trading risks in general. The overall strategy to reduce currency risk is largely based on natural hedging. Natural hedging means having revenue and costs in the same currency on a project basis. In some cases, the company’s interest rates strategy includes the use of interest swap agreements for loans.

Oceanteam ASA reports H1 2017 results

Aug 30 2017 Main financial indicators H1 2017 - Operating Income USD 16.8 million                    - EBITDA: USD 6.8 million - Operating profit: USD 0.9 million - Net finance (positive): USD 22.4 million - Net profit: USD 23.3 million, including       - An IFRS...

Diederik Legger appointed as a member of the Board of Directors

Aug 04 2017 As per 31 July 2017, Mr. D. (Diederik) Legger (1969) has been appointed as a member of the Board of Directors of Oceanteam ("the Company"), the Norwegian-Dutch offshore service provider listed on the Oslo stock exchange.

Non-executive Director Bote de Vries steps down only two months after joining Oceanteam Board

Jul 10 2017 Oceanteam ("the Company"), the Norwegian-Dutch offshore service provider announces that Mr. B. (Bote) de Vries (1958), who was appointed non-executive director during an EGM on 9 May 2017, has informed the Board of the Company and its bondholders to step down per 10 July 2017. This is only just two months after being on duty. Both have accepted his resignation....
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