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Prosafe ( (GB:0J5Y) ) has issued an announcement.
Prosafe SE reported a decrease in EBITDA for Q1 2025 compared to the previous year, with significant operational movements including the extension of a contract with Petrobras and the sale of two vessels. The company is undergoing a recapitalization process, converting USD 193 million of debt into equity, which aims to create a sustainable capital structure and improve liquidity. This strategic move, along with a strong market outlook in Brazil and the North Sea, positions Prosafe for improved earnings and operational stability.
More about Prosafe
Prosafe is a leading owner and operator of semi-submersible accommodation vessels, providing floating accommodation and Units for Maintenance and Safety (UMS). The company is listed on the Oslo Stock Exchange under the ticker code PRS.
Average Trading Volume: 38,904
Current Market Cap: NOK153.8M
For an in-depth examination of 0J5Y stock, go to TipRanks’ Stock Analysis page.