Independent journal on economy and transport policy
13:22 GMT+1
This page has been automatically translated by Original news
Record of new acquired orders from VARD in 2013
the company of the Fincantieri group has closed the exercise anniversary with a bending of the economic results
February 26, 2014
Navalmeccanica society Norwegian VARD (former STV OSV), specialized in the offshore field, than from January 2013 has entered to take part of the Italian group Fincantieri ( on December 21, 2012, 23 January and 5 March 2013), 13 million euros have archived item 2013 with a profit of clearly 300 million Norwegian crowns (), with a bending of the -62% regarding 791 million Norwegian crowns in the exercise anniversary precedence. The revenues have turned out stable being piled to 11,6 billion Norwegian crowns and the operating profit has recorded a decrease of -63% coming down to the 480 million one Norwegian crowns.
Last year new VARD have harvest orders for a value never reached before 14,17 billion Norwegian crowns, record anniversary that exceeds that established in 2007 from the company then called STX OSV. In August 2013 VARD have obtained also the order of never acquired value more elevated from the company and constituted by four Pipes Lay Support Vessel (PLSV) destined to DOF Subsea and Technip for a total value of 6,5 billion Norwegian crowns. The value of the orderbook of VARD on 31 December has turned out of 19,36 billion Norwegian crowns, in increase of +28% regarding 15,10 billion Norwegian crowns on December 31, 2012.
VARD, than work five ship yards in Norway, two in Rumania, two in Brazil and in Vietnam, previews an increase of the new orders also in 2014.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher