Independent journal on economy and transport policy
07:44 GMT+1
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VARD records a bending of the orders and the economic results
Last year the company has obtained store clerks for a value of 9,45 billion Norwegian crowns (- 33%)
February 27, 2015
Last year VARD, shipbuilding society of naval that is controlled by the Italian group Fincantieri and is specialized in the realization of unit for the offshore industry and specialized ships, has obtained new relative orders to 16 ships for a value of 9,45 billion Norwegian crowns (1,2 billion dollars), with a decrease in value of the -33% regarding 15 ships for 14,17 billion Norwegian crowns in 2013. The consistency of the orderbook on December 31, 2014 is dropped to 17,74 billion Norwegian crowns (for a total of 39 ships), the -8% in regarding less 19,36 billion Norwegian crowns to December 2013.
VARD has closed exercise 2014 with a profit of clearly 50 million Norwegian crowns, with a bending of the -83% regarding the exercise precedence. The revenues are piled to 12,92 billion Norwegian crowns, in increase of +16% on 2013. EBITDA and EBIT are diminished respective of the -37% and the -50% to 429 million and 240 million Norwegian crowns.
The perspectives of the company for 2015 are not optimistic: "this year - it has explained the managing director and general manager of VARD, Roy Reite - will be difficult is for the entire field that for the VARD and considers that in the 2015 collection of new orders she will be altogether weak person. However - it has specified - it continues to sussistere a question for some ships, as unit for the inspections, for maintenance and repair, whereby VARD possesses experience and a proven competence. We are strengthening our competitiveness reducing the costs and increasing the flexibility and will try modality in order to diversify our flow of entrances actively and in order to perfect the synergies with our group leader".
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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Last year VARD, shipbuilding society of naval that is controlled by the Italian group Fincantieri and is specialized in the realization of unit for the offshore industry and specialized ships, has obtained new relative orders to 16 ships for a value of 9,45 billion Norwegian crowns (1,2 billion dollars), with a decrease in value of the -33% regarding 15 ships for 14,17 billion Norwegian crowns in 2013. The consistency of the orderbook on December 31, 2014 is dropped to 17,74 billion Norwegian crowns (for a total of 39 ships), the -8% in regarding less 19,36 billion Norwegian crowns to December 2013.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
