Velocity Partners portfolio company Moreld announces Q4 and full-year 2024 financial results and proposed initial NOK 0.42 dividend distribution in Q2 2025. Moreld reports a solid fourth-quarter performance, achieving revenues of NOK 2.4 billion and adjusted EBITDA of NOK 128 million. For the full year, Moreld's pro-forma revenue was NOK 9.1 billion and adjusted EBITDA exceeded NOK 1 billion, which is in the upper range of the company's guidance. The full report and presentation can be found here: https://lnkd.in/dw5zZ6n6
Moreld announces Q4 and full-year 2024 financial results and proposed initial NOK 0.42 dividend distribution in Q2 2025. Refinancing and IPO successfully completed, full-year results in line with guidance. We are pleased to report a solid fourth-quarter performance, marking a robust conclusion to the year. Moreld achieved fourth-quarter revenues of NOK 2.4 billion and an adjusted EBITDA of NOK 128 million. The results reflect robust performance in a quarter with lower seasonal demand for subsea and marine operations in the North Sea and intercontinental transit of two vessels commencing on new projects in West Africa. For the full year, Moreld's proforma revenue was NOK 9.1 billion and adjusted EBITDA exceeded NOK 1 billion, which is in the upper range of the company’s guidance. Additionally, we are glad to share that the board of directors has approved a new dividend distribution policy. Moreld’s board intends to propose an initial dividend of NOK 0.42 per share for Q2 2025 to the Annual general meeting. 📊 For the full press release: https://lnkd.in/dkmjfxTp 📊 The report and presentation are available on our investor pages: https://lnkd.in/dw5zZ6n6 #Moreld #Q4 #dividend