Independent journal on economy and transport policy
12:26 GMT+1
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VARD has concluded 2017 with a net loss of -238 million Norwegian crowns
The new orders are diminished of -21,7%
March 1, 2018
In 2017 navalmeccanica society VARD, that it is controlled with 80.22% of the vital one from the Fincantieri group, it has recorded revenues pairs to 8,6 billion Norwegian crowns (893 million euros), with an increase of +9.0% on the year precedence. The EBITDA has been of 163 million crowns (- 3.0%). The operating result and the economic result clearly have been both of sign negative and pairs to -91 million and -238 million crowns against results they also negatives for -142 million and -197 million crowns in 2016.
Last year society has acquired new orders for total 8,3 billion crowns (- 21.7%) and value of pocketbook orders on December 31, 2017, that it includes 48 ships of which 37 planned from the same VARD, has been attested to 13.2 billion crowns regarding 12,6 billion crowns on December 31, 2016.
In the solo fourth trimester of the 2017 company has made sure 13 new contracts for a total pairs to 3,8 billion crowns, with an increase of +822.6% on the same period of the year precedence.
In the last trimester last year the revenues of the VARD are piled to 2,7 billion crowns (+25.3%). The EBITDA has been of 8 million crowns (- 88.1%). The operating result has been of sign negative and pairs to -59 million crowns respect to an operating result of sign negative for -14 million crowns in the quarter October-December of 2016. VARD has closed the fourth trimester of the 2017 with a net loss of -133 million crowns respect to a net loss of -69 million crowns in the last trimester of 2016.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
In 2017 navalmeccanica society VARD, that it is controlled with 80.22% of the vital one from the Fincantieri group, it has recorded revenues pairs to 8,6 billion Norwegian crowns (893 million euros), with an increase of +9.0% on the year precedence. The EBITDA has been of 163 million crowns (- 3.0%). The operating result and the economic result clearly have been both of sign negative and pairs to -91 million and -238 million crowns against results they also negatives for -142 million and -197 million crowns in 2016.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
