67.70
-0.88%
Close of 9 Nov 2026, in NOK
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About Solstad Offshore A
Its shares trade on Oslo Børs under the ticker SOFF.OL. It has been listed since 1 October 1997. In the fiscal year to 31 December 2025, it reported revenue of $2.79bn and net income of $1.34bn. At that date it held total assets of $8.44bn and shareholders' equity of $4.01bn.
Solstad Offshore ASA is a shipping company. The company is headquartered in Skudeneshavn, Rogaland. The company is mainly involved in petroleum service activities offshore. The company is organized into three business segments: Anchor-Handling Vessels (AHTS), Supply Vessels (PSV) and Construction Service Vessels (CSV). The Company’s fleet consists of around 50 vessels. The firm operates through its head office and a network of branch offices located in Aberdeen, Singapore, Rio de Janeiro, Perth and Manila. The Company’s vessels operate in such areas, as the North Sea, South America, Asia, North and Central America, the Mediterranean and other parts of Europe, and West Africa. Its subsidiaries include Solstad Offshore (UK) LTD, Solstad Offshore Service Vessel (UK) LTD, Solstad Management AS, Normand Skarven AS and Solstad Offshore Asia Pacific Ltd, among others.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Energy Equipment & Services
- Listed since
- 1 Oct 1997
- Employees
- 3,549
- Website
- solstadfarstad.com ↗
Leadership
Pay as last reported
- Hr. Harald EspedalChairman of the Board, since 2018
- Mr. Lars SolstadChief Executive OfficerNOK 2.4m
- Mr. Anders JomaasChief Financial Officer
- Mr. Eivind KvilhaugFinancial DirectorNOK 1.3m
- Mr. Tor DaleOperation DirectorNOK 1.3m
- Mr. Sven StakkestadDeputy Managing DirectorNOK 2.2m
- Mr. Hans SkarChartering DirectorNOK 1.8m
- Ms. Toril EidesvikDirectorNOK 210,000
- Ms. Merete HaugliDirector
- Ms. Ingrid KylstadDirector
- Mr. Frank ReiteDirector
- Mrs. Ellen SolstadDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong Reputation: Solstad Offshore ASA has built a solid reputation in the offshore support vessel industry, which helps in attracting and retaining clients.
- Technological Expertise: The company possesses advanced technological capabilities to provide high-quality offshore services and maintain a competitive edge.
- Diversified Fleet: Solstad Offshore ASA operates a diverse fleet of vessels, allowing them to cater to various offshore projects and meet different client needs.
Weaknesses
- High Debt Levels: The company has a significant amount of debt, which could impact their financial flexibility and ability to invest in growth opportunities.
- Dependence on Oil & Gas Industry: Solstad Offshore ASA heavily relies on the oil and gas sector. Any downturn in the industry can negatively affect their business and profitability.
- Limited Geographic Presence: The company's operations are primarily focused on the North Sea region, which exposes them to regional economic and political risks.
Opportunities
- Green Energy Transition: The shift towards renewable energy sources creates opportunities for Solstad Offshore ASA to provide offshore support services to the growing renewable sector.
- International Expansion: The company can explore expansion into new geographic regions to diversify its market presence and reduce reliance on a single region.
- Technological Innovations: Solstad Offshore ASA can capitalize on technological advancements in the offshore industry to enhance efficiency, reduce costs, and attract new clients.
Threats
- Intense Competition: The offshore support vessel market is highly competitive, with numerous players vying for contracts, which puts pressure on pricing and profitability.
- Regulatory Challenges: Changes in regulations related to offshore operations, environmental protection, and safety standards can increase compliance costs and impact operations.
- Economic Volatility: Global economic downturns, fluctuations in oil prices, and geopolitical instability can lead to reduced demand for offshore services, affecting the company's financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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