OSLO, Sept 18 (Reuters) – Denmark’s Ziton, which supplies operations and upkeep companies to offshore wind farms, plans to lift as much as 100 million euros ($118.5 million) from a sale of recent fairness and to checklist its shares on Norway’s Merkur Market, the corporate stated on Friday.Vitality corporations are quickly increasing offshore wind farms as the price of improvement falls and demand for renewable energy rises, and repair supplier Ziton noticed a fivefold rise in income between 2015 and 2018 earlier than a setback final 12 months.Blaming undertaking delays, tough climate circumstances and poor execution, the corporate reported a 26% fall in 2019 income to 33.6 million euros whereas it swung to a pretax lack of 20 million euros from a revenue of 4.eight million euros in 2018.It expects a rebound to begin this 12 months because the utilisation of its offshore rigs will increase, with 2021 and 2022 revenues forecast to rise to between 59 million and 65 million euros, the corporate stated on Sept. 16.Ziton has appointed Oslo-based brokerage Pareto Securities for the deliberate share sale.Merkur Market is a small-cap buying and selling venue owned by the Oslo Stock Trade, a unit of Euronext. ($1 = 0.8438 euros) (Reporting by Terje Solsvik Modifying by Tomasz Janowski)
