Today, The
Revised financial guidance for 2020
On
Consequently, Maersk Drilling has re-assessed the commercial and operational assumptions underlying the financial forecasts for 2020 and revises its guidance for 2020 for EBITDA before special items to
The revised guidance reflects expected adjustments to the existing contracts based on current customer dialogues, no additional contracts with financial impact in 2020, and COVID-19 related costs. To adapt the cost structure to the new business environment, Maersk Drilling has taken precautionary measures, including stacking of rigs and revised maintenance programmes. The impact of these measures is included in the revised guidance.
Steps taken to reduce onshore organisation
As announced on
Maersk Drilling expects that the initiated steps will lead to a total of 150-170 onshore redundancies globally. The consultation processes will follow varying timelines in compliance with local regulations.
CEO
“With the outbreak of COVID-19 and the lower oil prices we are facing an unprecedented reality with significant implications for our business. Our ambition is to remain a leading company in our industry, and in order to safeguard that position we need to adapt our cost structure to the current business environment. This means that we need to take steps to reduce the workforce, which is unfortunate, not least in the light of the great efforts by our competent and dedicated employees, also over the past critical months.”
Maersk Drilling expects to release its Q1 2020 trading statement on
For further information, please contact:
Head of Investor Relations
+45 2328 5733
Michael.Harboe-Jorgensen@maerskdrilling.com
Senior Press Officer
+45 2790 3102
Kristoffer.Apollo@maerskdrilling.com
Attachment
- Company announcement - 014 - 07052020 - Revised 2020 Financial Guidance
© OMX, source