The financial performance of Oceanteam improved during the first half of 2022
from a net loss of USD 1.5 million in H1 2021 to a net loss of USD 1.1 million
in H1 2022.

The loss from discontinued operations decreased by USD 0.7 million from USD 0.8
million in H1 2021 to USD 0.1 million in H1 2022, whereas the loss from
continuing operations increased slightly by USD 0.3 million from USD 0.7 million
in H1 2021 to USD 1.0 million in H1 2022. 

The lower result from continuing operations was mainly due to reduced equipment
utilisation. 

For further information about Oceanteam ASA please visit www.oceanteam.no or
contact:

Hans Reinigert
CEO
Oceanteam ASA
Telephone: +31 20 535 75 70
E-mail: hans@oceanteam.nl

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© Oslo Bors ASA, source Oslo Stock Exchange