Haugesund,22 May 2024 :Edda Wind ASA (the "Company" or the "Group") today publishes its quarterly results for Q1 2024. The Group delivered consolidated revenue ofEUR 17.0m (+EUR 10m vs. Q1 2023) and consolidated EBITDA ofEUR 7.0m (+EUR 6.3m vs. Q1 2023). Selected key developments in Q1 2024 and after balance sheet date: o Revenue ofEUR 17m (+EUR 10.0m vs. Q1 2023) o EBITDA ofEUR 7m (+EUR 6.3m vs. Q1 2023) o Edda Nordri commenced operation for Vestas o Gangway systems upgraded, enhancing reliability and performance o Sale of Edda Passat Post Q1 2024 events: o Launch of «Enabler» name o Naming ceremony of Sudri Enabler o Delayed commencement of operation for Goelo Enabler With a fleet to count thirteen vessels, including vessels under construction,Edda Wind is the leading C/SOV-operator in the market.Edda Wind is experiencing a favorable demand outlook and the Group's tender activity is increasing. There is a limited amount of available vessels, including vessels under construction in the coming years, and vessel demand is estimated to significantly outgrow supply. The contract backlog wasEUR 416m at the end of the quarter. This, combined with several newbuilds uncommitted and able to secure work in a market with great demand for this type of vessels, positionsEdda Wind to capitalise on the expected growth in the quarters and years to come. Presentation of the results:Kenneth Walland (CEO) and Herman H. Øverlie (CFO) will present the Q1 2024 results in a webcast at08:30 CET today,22 May 2024 . The presentation will be held in English and will be virtual. The presentation can be followed through a live webcast from our website www.eddawind.com, or https://channel.royalcast.com/landingpage/hegnarmedia/20240522_2/ ABOUTEDDA WIND Edda Wind is a leading offshore wind service company headquartered in Haugesund,Norway . The Company develops, builds, owns and operates purpose-built Service Operation Vessels ("SOV") and Commissioning Service Operation Vessels ("CSOV") for offshore wind farms worldwide.Edda Wind is creating the next generation offshore wind service vessels and works closely with partners to develop new technologies to reduce emissions without compromising operational capabilities or cost competitiveness. The Company owns and operates two purpose-built offshore wind SOVs and three CSOVs and eight dedicated offshore wind vessels under construction - one SOV and seven CSOVs. All newbuild vessels are prepared for zero-emission utilising liquid organic hydrogen carrier and/or methanol as an energy source. Read more: www.eddawind.com For further information, please contact: Lars Stubhaug, VP Finance Edda Wind Phone: +47 917 42 725 E-mail: lars.stubhaug@eddawind.com Hermann H. Øverlie, CFO Edda Wind Phone: +47 922 46 501 E-mail: hermann.overlie@eddawind.com
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