Final 2018 results for Head Energy confirms revenues of mNOK 352,6 and EBIT-margin of 6.2%. Trend continues in 2019

Head Energy delivers new revenue record and new margin-record in 2018, driven by 54% topline growth and solid operations by all Head Energy’s units.

Preliminary first quarter 2019 results show that the strong performance continues in 2019. Preliminary, un-audited Q1-19 figures show revenues of mNOK 111,3, up 65% from mNOK 67,6 in Q1-18. The EBIT-margin jumps from minus 0,4% in Q1-18 to 6,9% in Q1-19, based on preliminary, un-audited figures.

At the end of March 2019, the orderbook tops mNOK 400 for the first time, amounting to mNOK 404 at March 31, 2019, compared to mNOK 248 as per March 31, 2018.

Based on the positive orderbook development, reflecting good market conditions and robust demand, Head Energy expects significant revenue growth and some margin expansion in 2019.





Bergen, 14 May 2019

Nils Haukeland, CFO Head Energy Group