June 29, 2020 / 6:19 AM / 5 days ago

BRIEF-Gulf Marine Services Says Well Positioned To Maintain CUrrent Utilisation Levels Through 2021

June 29 (Reuters) - Gulf Marine Services PLC:

* GULF MARINE SERVICES PLC - YEAR-TO-DATE PERFORMANCE REMAINS AHEAD OF BUSINESS PLAN, WITH MAY ACTUALS NOW RECORDED

* GULF MARINE SERVICES PLC - ORDER BOOK HAS MULTI-YEAR VISIBILITY

* GULF MARINE SERVICES PLC - TOTAL GMS FLEET UTILISATION NOW STANDS AT 82% FOR FY 2020, AND 85% FOR 2H2020

* GULF MARINE SERVICES - FURTHER 53% OF FLEET CONTRACTED FOR 2021 & 37% CONTRACTED FOR 2022

* GULF MARINE SERVICES PLC - WELL POSITIONED TO MAINTAIN CURRENT UTILIZATION LEVELS THROUGH 2021

* GULF MARINE SERVICES PLC - PROGRESS ON COST REDUCTION HAS RAISED TARGET FOR ANNUALIZED COSTS SAVINGS TO $16.5M (PREVIOUSLY $13M)

* GULF MARINE SERVICES PLC - GMS WILL RELOCATE FROM MUSAFFAH BASE IN 4Q2020, HOME SINCE 1982

* GULF MARINE SERVICES PLC - BOARD RECONFIRMS PREVIOUS 2020 GUIDANCE OF $57-62 MILLION EBITDA Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below