Scanship Holding ASA : Operational update - Strong performance in third quarter

Scanship records strongest results ever with third quarter 2018 revenues of NOK 80.1 million and EBITDA of NOK 10.7 million. Accumulated revenues ended at NOK 226.6 million with EBITDA of NOK 27.0 million.

We are very pleased with our performance, and it shows that our focus on improving our client's environmental sustainability impact by delivering technology for cleaner oceans really pays off. We are delivering stronger on all fronts with higher revenues, improved margins and winning grounds both in cruise newbuilding, cruise retrofits and in aquaculture. We are in a good position to grow this business further, says Henrik Badin, CEO of Scanship Holding ASA (Scanship).

See enclosed Operational update 3Q 2018 with further details.

For further queries, please contact:
Henrik Badin - CEO                                Erik Magelssen - CFO
Scanship Holding ASA                           Scanship Holding ASA
Tel: +47 90 78 98 25                             + 47 928 88 728 
Email: henrik.badin@scanship.no           erik.magelssen@scanship.no 

ABOUT SCANSHIP HOLDING ASA
Scanship delivers world leading solutions for cleaner oceans in the Cruise and Aquaculture industries. Scanship provides advanced technologies for processing waste and purifying wastewater. Owners operating Scanship systems have the solution to convert all waste and wastewater into clean energy and purified water which meets the highest international discharge standards. Any residuals from the Scanship processes can be recovered for reuse.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Attachment

SSHIP - Operational update 3Q 2018

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