Independent journal on economy and transport policy
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Drastic reduction of the new orders to VARD and Fincantieri in first trimester 2015
Both the companies have closed the period in loss
May 14, 2015
In the first three months of 2015 navalmeccanica society Norwegian VARD, that it is controlled by the Italian group Fincantieri, it has recorded new orders for a value of 248 million Norwegian crowns (30 million euros), than they do not include the construction of ships, respect to orders for beyond 5,5 billion Norwegian, inclusive crowns of the construction of eight ships, in the first trimester of 2014. VARD has specified that the group is getting ready in order to face difficult times since its customers, that they operate mostly in the field of the oil and the gas, are being confronted with the effects of a phase descendant of the activity. The value of the orderbook of VARD on 31 March has been attested 15,63 billion to Norwegian crowns, down of the -28,4% regarding on March 31, 2014.
VARD has closed the first trimester of this year with a net loss of -226 million Norwegian crowns on revenues for 3,06 billion Norwegian crowns respect to a profit of clearly 85 million Norwegian crowns on revenues for 2,67 billion Norwegian crowns in the correspondent period of 2014. The operating profit is piled to nine million Norwegian crowns (- 92.7%).
Also the Fincantieri group leader has archived item the first trimester of 2015 with a drastic reduction of the new orders, that they are piled to 85 million euros regarding 1,7 billion euros in the same period of 2014. The value of the pocketbook orders on 31 March has turned out pairs to 14,1 billion euros, in increase of +2.2% regarding on March 31, 2014.
In the first three months of this Fincantieri year it has recorded a net loss of -27 million euros on revenues for 1,11 billion euros respect to a profit clearly of 10 million euros on revenues for 923 million euros in the first trimester of 2014. The operating profit has been pairs to 33 million euros (- 21%).
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In the first three months of 2015 navalmeccanica society Norwegian VARD, that it is controlled by the Italian group Fincantieri, it has recorded new orders for a value of 248 million Norwegian crowns (30 million euros), than they do not include the construction of ships, respect to orders for beyond 5,5 billion Norwegian, inclusive crowns of the construction of eight ships, in the first trimester of 2014. VARD has specified that the group is getting ready in order to face difficult times since its customers, that they operate mostly in the field of the oil and the gas, are being confronted with the effects of a phase descendant of the activity. The value of the orderbook of VARD on 31 March has been attested 15,63 billion to Norwegian crowns, down of the -28,4% regarding on March 31, 2014.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
