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November 14, 2024

Höegh Evi: Interim results for the quarter ended 30 September 2024

Hamilton, Bermuda, 14 November 2024 – Höegh Evi Ltd. (“Höegh Evi”) today reports its interim financial results for the quarter ended 30 September 2024. The group reported an EBITDA of USD 83 million for the third quarter of 2024, compared to USD 75 million for the preceding quarter.

Subsequent to the quarter end, Höegh Evi closed a new 7-year loan facility of USD 625 million consisting of a USD 375 million term loan and a USD 250 million revolving credit line. The proceeds from the term loan tranche have been applied to repay the outstanding amounts under the existing debt facilities for Hoegh Giant, Höegh Grace and Höegh Gallant.

Höegh Evi continues to develop its clean energy business. In November, Höegh Evi and Port La Nouvelle announced the signing of an MoU to develop a floating terminal for hydrogen imports in France. The terminal will facilitate the import of up to 210 000 tonnes of hydrogen per year as early as 2030, according to the project timeline and dependent on the readiness of France’s hydrogen pipeline.

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About Höegh Evi:   

Höegh Evi is the vital link to secure transition—delivering fast, adaptable, and secure solutions that respond to countries’ evolving energy needs. For 50 years, Höegh Evi has been a pioneer and global leader in floating energy infrastructure, with one of the world’s largest fleets of FSRUs (floating storage and regasification units) for importing natural gas.  

Today, Höegh Evi is building the infrastructure needed to make the energy transition possible, with floating terminals for ammonia and hydrogen import and services for carbon transport and permanent storage.  

Höegh Evi is a global company with a highly skilled global team of 900 employees at sea and onshore. Learn more at hoeghevi.com