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18 December 2017 The on-line newspaper devoted to the world of transports 17:52 GMT+1



November 13, 2017

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Improvement of the economic results of the navalmeccanica company Vard

In the third trimester the revenues have grown of +33.4%

In the third trimester of the 2017 navalmeccanica society Vard, that it takes part of the Fincantieri group, it has recorded revenues pairs to 2,0 billion Norwegian crowns (212 million euros), with an increment of +33.4% regarding 1,5 billion Norwegian crowns in the period July-september last year. The EBITDA has been of 55 million Norwegian crowns (+66.7%). The operating result has been of sign negative and pairs to -9 million Norwegian crowns respect to an operating result of sign negative and pairs to -45 million Norwegian crowns in the third trimester of 2016. Vard has archived item the third trimester of this year with a net loss of -9 million Norwegian crowns respect to a net loss of -104 million Norwegian crowns in the correspondent period of 2016.

In the third trimester of this year the company has acquired new orders for a total pairs to 1,0 billion Norwegian crowns, with a decrease of the -69,3% on the same period of 2016. Such value is relative essentially to the store clerk by the Australian Coral Expeditions for the construction of a cruise ship for shipments(of the September 11 2017). Value of orderbook on 30 September, that it includes the construction of 41 ships of which 34 planned from the same Vard, has been attested 12,0 billion to Norwegian crowns, with a contraction of the -14,7% regarding on September 30, 2016.

In the first nine months of this year the revenues are piled to 5,9 billion Norwegian crowns, in increase of +2.9% on the same period of 2016. The EBITDA has been pairs to 155 million Norwegian crowns (+53.5%). The operating result and the result clearly have been both of sign negative and pairs respective to -32 million and -105 million Norwegian crowns regarding results they also of sign negative for -128 million and -128 million Norwegian crowns in the period January-september of 2016.

In the first nine months of the 2017 Vard it has confiscated new orders for a total of 4,5 billion Norwegian crowns (- 55.8%).


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