Q3 Financial Presentation 2015 DOF ASA

Size: px
Start display at page:

Download "Q3 Financial Presentation 2015 DOF ASA"

Transcription

1 Q3 Financial Presentation 2015

2 Highlights

3 Main highlights Q EBITDA Q3 MNOK 933 (operational EBITDA MNOK 925) General good operational performance in Q3 ( all time high operational EBITDA) Average utilisation total fleet of 90% Good backlog for Q4 90% overall, backlog 71% next 12 months Contracts secured in Q3 represent a value of approx MNOK Markets continue to be challenging Skandi Africa onhire to Technip in October 3

4 4

5 Highlights Q Subsea Asia Pacific Variable utilisation and two vessels idle between projects North Sea - Good utilisation US Gulf Variable utilisation, new contracts in Canada Brazil Good utilisation Operational One vessel in lay-up (Skandi Inspector, 1979) to be sold or scrapped AHTS/PSV North Sea/ Mediterranean 4 vessels fully or partly in the spot market. Brazil Good utilisation and all vessels on firm contracts Asia Pacific Good utilisation and one vessel idle between contracts New contracts in Argentina and Canada One vessel in lay-up (Skandi Stord, 1999) 5

6 Highlights Q DOF Subsea awarded a major IMR contract with Husky Energi over a period of 10 yrs firm + 10 yrs options in North America including ROV services and a subsea vessel DOF Subsea US awarded a term contract in Gulf of Mexico 10 months firm with options DOF Subsea Asia Pacific awarded several contracts securing utilisation of the regions vessels. DOF Awarded months contract with Chevron in Australia Contract Awards DOF awarded a 1 yr contracts + options for Skandi Flora in Canada DOF awarded 9 months contract + options with Total Austral for Skandi Pacific in Argentina DOF Subsea US awarded IMR contract with Freeport McMoran, 6 months contract plus options for Harvey Deepsea DOF Subsea awarded a contract with Petrobras, 18 months for Geoholm Skandi Acergy, 3 yrs extention with Subsea 7 firm until August 2019 Skandi Skansen awarded a new contract with Subsea 7 for the summer

7 Highlights Q Fleet Skandi Africa delivered and commenced on a 5 yrs time charter contract to Technip in October Skandi Fjord sold and delivered to new owner in August DOF & Norskan completed refinancing of bank balloons in 2015 and 2016 Financing DOF Subsea repaid DOFSUB06 in October and has started repurchase DOFSUB05 (due in 2016) A new loan drawn in DOF Subsea in Q3 7

8 Overview Group

9 in brief Fleet 69 vessels (wholly and partly owned) (19 PSV, 20 AHTS, 30 Subsea) 62 owned vessels in operation (excl. 2 in lay-up) 2 owned less than 50% 5 newbuildings; 1 AHTS, 4 Subsea 5 subsea vessels chartered in from external owners Global organisation Head office in Norway Regional offices in Australia, Singapore, UK, USA, Canada, Angola, Argentina and Brazil Total of employees* Subsea employees: Marine personnel: ROVs, 9 ROVs on order NOK 32 bn in market value owned vessel in operation* (100% basis) Vessels Average age 8.8 years, value adjusted fleet age of 6.5 years 20 5 Subsea 30 AHTS Back log* Total NOK 69.8 bn PSV Firm contracts : NOK 34.5 bn Options: NOK 35.3 bn (*As per ) 19 Chartered Subsea Vessels 9

10 Establishing a strategic position in Brazil Skandi Copacabana First brazilian built AHTS vessel by DOF Skandi Salvador First Brazilian built CSV Skandi Vitória and Niterói First Brazilian built PLSVs 4 new PLSV s 2 built in Brazil 2001: First step in Brazil : DOF Subsea Brasil established Skandi Santos First CSV installing x-mas tree Skandi Amazonas and Iguaçu Biggest AHTS vessels built in Brazil by DOF Strategy: Brazilian flag, local content, local employees Gives DOF a unique position in the Brazilian market 10

11 Fleet overview and contract coverage No. of vessels PSV AHTS Subsea Total fleet /DOF REDERI AS NORSKAN OFFSHORE DOF SUBSEA AS * 27 DOF INSTALLER ASA DOF DEEPWATER AS Total fleet ** Contract coverage Q Firm 98 % 84 % 88 % 90 % Q Including options 100 % 84 % 90 % 91 % 2016 Firm 67 % 58 % 59 % 61 % 2016 Including options 91 % 63 % 68 % 73 % Good coverage in Q4: Minor time charter renewal risk in 2015 Important long term contracts secured in 2015 Expectations for 2016: Despite highly competitive markets, we see progress in securing long-term work Our global footprint and project capability will be vital for securing utilisation * Including chartered vessels and Newbuilds ** Excl. Skandi Inspector, Skandi Iceman, Skandi Aukra and Chloe Candies. Excl. Ross Candies from March and Normand Reach from June. 11

12 DOF backlog overview ,813 Annual Firm Option Annual Backlog (MNOK) From 2020 Total value options from 2020 and onwards is MNOK 30,273

13 A global player Austevoll Aberdeen Moscow North America St. Johns Houston Macaé Rio de Janeiro Region Buenos Aires Brazil Atlantic Cairo 2 Luanda Manila Malaysia Brunei Singapore Jakarta Darwin Perth Asia Pacific Melbourne Marine Crew:

14 Remaining newbuilding program Vessel Yard Delivery Type Contract Financing Skandi TBN Vard 823 Vard Norway 2016 PLSV 8 yrs Petrobras Skandi Paraty Vard Brazil 1H 2016 AHTS 4 yrs Petrobras Signed loan agreement Skandi TBN Vard 824 Vard Norway 2016 PLSV 8 yrs Petrobras Skandi TBN PLSV1 Vard Brazil 2016 PLSV 8 yrs Petrobras Loan agreement signed with BNDES Skandi TBN PLSV2 Vard Brazil 2017 PLSV 8 yrs Petrobras Loan agreement signed with BNDES 14

15 Financials Management Reporting

16 Result Q All figures in NOK million Q Q Operating income Operating expenses Net profit/loss from associates and joint ventures -9-0 Net gain on sale of vessel 8-0 Operating profit before depreciation- EBITDA Depreciation and impairment Operating profit- EBIT Financial income Financial costs Net realized currency gain/loss Net profit/loss before unrealised currency gain/loss Net unrealized currency gain/loss Net unrealized gain/loss on market instruments Profit/loss before tax Tax 11 4 Net profit/loss Profit attributable to Non-controlling interest Controlling interest Comments result Q3 Operational performance: PSV: 96% utilisation PSV fleet One vessel partly in spot market North Sea One vessel sold AHTS: 89% utilisation AHTS fleet One vessels in the spot market One vessel in lay-up Subsea: 97% utilisation CSVs on TC 76% utilisation project fleet Variable utilisation project fleet in APAC and US-gulf Stable utilisation in Atlantic and Brazil One vessel in lay-up Depreciation and impairment: Include impairment loss of MNOK 118 Finance: High volatility in currency and weak NOK and BRL towards USD According to management reporting 16

17 Segment reporting Q PSV AHTS CSV Total Amounts in NOK mill Q Q Q Q Q Q Q Q Operating income Operating result before depreciation and impairment (EBITDA) *) Operating result (EBIT) **) EBITDA margin 39 % 41 % 49 % 54 % 28 % 28 % 32 % 33 % EBIT margin 16 % 26 % 28 % 40 % 17 % 17 % 19 % 22 % *) Ebitda includes gain on sale of vessels 8 8 **) Ebit includes impairment loss According to management reporting EBITDA Q EBITDA Q % 14 % 63 % 24 % PSV AHTS 62 % 24 % PSV AHTS CSV CSV 17

18 Historical Performance Group (excl gain from sale of assets) Operating revenue EBITDA EBITDA margin 40% 35% MNOK % 25% 20% 15% EBITDA Margin % % 500 5% - Q Q Q Q Q Q Q Q Q Q Q Q Q % Q Q Q Q Operating revenue EBITDA EBITDA margin 36 % 35 % 33 % 32 % Non-current assets Current assets Total Assets Equity Non-current debt Current debt Total Equity and Debts According to management reporting 18

19 Balance Q Amounts in NOK million ASSETS Intangible assets Vessel and other tangible assets Newbuildings Financial assets Non-current assets Receivables Cash and cash equivalents Current assets Total assets EQUITY AND LIABILITIES Subscribted equity Retained equity Non-controlling equity Equity Provisions for commitments Other non-current liabilities Non-current liabilities Current part of interest bearing debt Other current liabilities Current liabilities Total equity and liabilities Comments balanse YTD Sep Assets: 9 vessels sold YTD One vessel delivered YTD Newbuildings include Skandi Africa delivered in Oct 2015 Financial assets: Financial assets include minority share in shipowning companies Receivables: Mainly from project activity (46% of total revenue in Q3) Equity: YTD negative impact unrealized currency loss of MNOK Current liabilities: Current part interest term debt includes bonds, MNOK 926, balloons approx. MNOK and normal amortization approx. MNOK According to management reporting 19

20 Key figures Q YTD YTD Q Q Q Q FINANCIAL RESULT Operational EBITDA margin 1) 32 % 33 % 31 % 33 % EBITDA margin 2) 33 % 33 % 36 % 35 % EBIT margin 19 % 22 % 20 % 25 % Profit per share ex. non-controlling interest -2,55 0,58-2,64 3,21 Profit per share ex. unrealized loss/gain and taxes 0,90 1,14 1,62 3,56 BALANCE Equity ratio 16 % 21 % Value adjusted equity 33 % 37 % Net interest bearing debt Net interest bearing debt ex. unemployed capital NIBD/EBITDA 3) 6,90 7,92 1) EBITDA margin excl. gain on sale of assets 2) Cash generating EBITDA margin 3) Cash generating EBITDA/NIBD excl uemployed capital 20

21 Net interest bearing debt Amounts in NOK million Bond loan Debt to credit institutions Total non-current interest bearing liabilities Bond loan Debt to credit institutions Utilized credit facilities Total current interest bearing liabilities Total interest bearing liabilities Cash and cash equivalents Net derivatives Non-current receivables Total net interest bearing liabilities Newbuilds Net interest bearing liabilities, excluding unemployed capital According to management reporting Comments balanse 30 Sep 2015: Current interest bearing debt: Bonds DOFSUB06 MNOK 505 DOFSUB05 MNOK 421 Debt to credit institutions Balloons approx. MNOK DOFSUB MNOK DOF MNOK 200 Amortization approx. MNOK Cash and derivatives: MNOK 521 represent cash deposit Net derivatives represent interest derivatives Newbuilds: Skandi Africa classified as newbuild 21

22 Management reporting vs Financial reporting RESULT Q Q Amounts in NOK mill Management reporting Variance Financial reporting Management reporting Variance Financial reporting Operating income Operating expenses Net profit from associated and joint ventures Net gain on sale of tangible assets Operating profit before depreciation EBITDA Depreciation and impairment Operating profit - EBIT Financial income Financial costs Net realized gain/loss on currencies Net unrealized gain/loss on currencies Net changes in fair value of financial instruments Net financial costs Profit (loss) before taxes Taxes Profit (loss)

23 Management reporting vs Financial reporting BALANCE Amounts in NOK mill Management reporting Variance Financial reporting Management reporting Variance Financial reporting ASSETS Intangible assets Tangible assets Non-current financial assets Total non-current assets Receivables Cash and cash equivalents Total current assets Total assets EQUITY AND LIABILITIES Equity Non-current provisions and commitments Non-current liabilities Current liabilities Total liabilities Total equity and liabilities Net interest bearing liabilities

24 Debt maturity profile DOF GROUP COUNTERPARTY EXPOSURE Q DOF ex Subsea Bank Debt Bond loan Balloons 45% 18% 37% ECA Bonds Other Banks After ECA mainly represent long term funding with BNDES and GIEK DOF Subsea Bank Debt Bond Loan Balloons Bonds: DOFSUB06 was repaid in Oct 2015, started repurchase of DOFSBUB05 due in April Bank Balloons: Total balloons of MNOK next 12 months: DOF MNOK 232 refinancing completed by Oct DOFSUB MNOK 965 refinancing in process and partly secured E 2017E 2018E 2019E 2020E After 24

25 Adjust the Group s capacity to the challenging market Several cost cutting measures have been implemented during 2015 The organization has been reduced both onshore and offshore Vessels have been re-allocated between regions in order to secure utilization Chartered-in vessels redelivered Sale of several vessels over past 12 months Cost focus going forward Continuously focus on adjusting the Group s capacity and risk exposure to the market going forward 25

26 DOF Subsea

27 DOF Subsea in brief (51%) First Reserve Corporation (49%) DOF Subsea Holding (100%) DOF Subsea 2005 Established NOK million total assets Modern high-end fleet and equipment highly-skilled employees 22 owned subsea vessels 4 vessels on order 5 vessels on charter 58 ROVs, 9 ROVs on order

28 New high-end fleet Year of delivery DOF Subsea fleet % Before % Newbuild 15 % 10,00 9,00 8,00 7,00 6,00 5,00 4, % 3,00 2,00 1,00 Majority of the fleet delivered after Average fleet age Value adjusted Industry leading value adjusted average fleet age of approx. 5.9 years High-end vessels capable of a wide scope of world wide operations

29 Quarterly performance (excl. asset sales) % Operating income EBITDA EBITDA margin 35% % NOK million Consolidation phase 25% 20% 15% 500 Growth phase 10% 5% - Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q % NOK million Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Operating income EBITDA EBITDA margin 32.1% 32.6% 33.6% 34.0% 36.1% 32.4% 26.9% 28.1% 33.0% 29.4% 32.8% 27.7% 29.0% 24.8% 27.7% 26.2% 27.7% Current assets Non-current assets Total assets Current liabilities Non-current liabilities Equity * According to internal Management reporting 29

30 DOF Subsea Projects Operating income by segment DOF Subsea has built a global presence over the last 10 years DOF Subsea has developed the project business gradually Increased project activity and complexity driving growth NOK million Project business going forward Gradually increase the complexity of work done (Step by Step) Build a larger project back-log Mix between owned and chartered in vessels Subsea projects Chartering of vessels Total Q Q Q Subsea projects Chartering of vessels Total revenue Chartering of vessels Subsea projects Chartering of vessels Subsea projects * According to internal Management reporting 30

31 IMCA ranking (Industry global ranking) IMCA Membership Surf / IMR / Construction Heavy lift / trunk line / FPSO / Intervention Global Contractor (6) International Contractor (6) Contractor Saipem, Technip, Subsea 7 DOF Subsea, EMAS, Fugro, DeepOcean, Ocean Installer, Bibby, Harkand, several others Allseas, Hereema, McDermott, Helix, BW, SBM Several 31

32 Establishing the North America region Targeted establishment in North America market from 2012 Mainly focus on delivering S&P services and obtaining MSAs/FAs Built track record of subsea projects gradually Built a fleet of 3 chartered-in JAC vessels Established offshore base in Fourchon Break-through in the North America market: Long-term IMR contract with Freeport McMoran Long-term IMR contract for Husky Energy Husky IMR contract Long term IMR contract offshore East Canada for Husky Energy Offering a package, combining vessel+rovs+project management a critical success factor Commencement of operations in Q by mobilizing ROVs on board third party vessel DOF Subsea to replace existing vessel in July years firm + 10 years options The contract will see DOF Subsea strengthening the fourth subsea region, North America, and establish new client relationships in line with DOF Subsea s business model 32

33 Market and outlook Subsea: APAC market Construction in Australia slowing down, but being replaced by IRM Reduced spending from operators Competition scene changing DOF SUB: Still long and short term opportunities Brazil market We expect a slow market, with few new tenders, pressure on rates and blocking activity leading to termination and renegotiation of contracts DOF SUB: Challenging and time-consuming for vessels that are up for renewal Important with Brazilian flag 33

34 Market and outlook continued Subsea: North America market Increased bidding activities for IMR and light construction vessels to support tieback and commissioning operations. Increased competition in the spot market, looking for utilization Several major capital projects are in Tendering stage for DOF SUB: Maintaining our position. We expect to see a gradual increase in market share in the medium term, as target clients provide access to opportunities. Flexible business model with chartered-in vessels. Atlantic market We expect Norway to be weak in Q4 and 2016 We expect UK to be weak in Q4 and 2016 DOF SUB: Normand Reach can be redelivered Q

35 Market and outlook continued Supply: Brazil: Slow market continues, with few new tenders, increased competition and lower rates. Petrobras redelivering vessels in order to reduce current fleet size. Suppliers called by Petrobras to reduce current rates. DOF: Few vessels up for renewal. There are some opportunities for Brazilian flagged and international vessels using REB flag import capacity, through blocking. Slow progress on negotiations and risk of idle time. North Sea: We expect the North Sea market for both AHTS and PSV to be weak DOF: Low market exposure in Q4 Asia Pacific: We see low tender activity in the region within supply Downward pressure on rates and over-supply of tonnage DOF: 3 vessels in the region after Skandi Pacific left for Argentina 35

36 Market and outlook continued Guidance for 2015: Decent backlog in Q Operational EBITDA guidance Q weaker than Q We maintain our Ebitda (operational) guidance for 2015 of MNOK MNOK

37 Thank you Presented by Mons Aase - CEO Hilde Drønen - CFO

38 DISCLAIMER This presentation by designed to provide a high level overview of aspects of the operations of the Group. The material set out in the presentation is current as at 13 Nov This presentation contains forward-looking statements relating to operations of the Group that are based on management s own current expectations, estimates and projections about matters relevant to s future financial performance. Words such as likely, aims, looking forward, potential, anticipates, expects, predicts, plans, targets, believes and estimates and similar expressions are intended to identify forward-looking statements. References in the presentation to assumptions, estimates and outcomes and forward-looking statements about assumptions, estimates and outcomes, which are based on internal business data and external sources, are uncertain given the nature of the industry, business risks, and other factors. Also, they may be affected by internal and external factors that may have a material effect on future business performance and results. No assurance or guarantee is, or should be taken to be, given in relation to the future business performance or results of the Group or the likelihood that the assumptions, estimates or outcomes will be achieved. While management has taken every effort to ensure the accuracy of the material in the presentation, the presentation is provided for information only., its officers and management exclude and disclaim any liability in respect of anything done in reliance on the presentation. All forward-looking statements made in this presentation are based on information presently available to management and DOF ASA assumes no obligation to update any forward looking- statements. Nothing in this presentation constitutes investment advice and this presentation shall not constitute an offer to sell or the solicitation of any offer to buy any securities or otherwise engage in any investment activity. You should make your own enquiries and take your own advice (including financial and legal advice) before making an investment in the company's shares or in making a decision to hold or sell your shares. 38

Third quarter results 2012

Third quarter results 2012 Q3 Third quarter results 2012 Fornebu, Øyvind Eriksen and Leif Borge 2012 Aker Solutions Slide 1 Agenda Q3 2012 Introduction Øyvind Eriksen Executive chairman Financials Leif Borge President & CFO Q&A

More information

INTERIM REPORT Q2 2011

INTERIM REPORT Q2 2011 DOF ASA Q2 2011 Group income for Q2 totalled NOK 1,581 million (NOK 1,521 million), with an operating result before depreciation (EBITDA) of NOK 495 million (NOK 485 million). Utilization rate for the

More information

/ FOURTH QUARTER 2011 PRESENTATION. Bergen, February 24, 2012 / GC RIEBER SHIPPING S BUSINESS IDEA

/ FOURTH QUARTER 2011 PRESENTATION. Bergen, February 24, 2012 / GC RIEBER SHIPPING S BUSINESS IDEA / FOURTH QUARTER 211 PRESENTATION Bergen, February 24, 212 / 1 / GC RIEBER SHIPPING S BUSINESS IDEA Industrial company with business within offshore/shipping Owns and operates multi-purpose built vessels

More information

Main Events Third Quarter 2015

Main Events Third Quarter 2015 Q3 1 Main Events Third Quarter 2015 Main Events July - September 2015 The third quarter 2015 brought few significant events for Atlantic Offshore. No new charter contracts were signed, and no vessels were

More information

Registration no. 33 36 97 94

Registration no. 33 36 97 94 Registration no. 33 36 97 94 Viking Supply Ships A/S Financial Report Contents Page Summary of events 3 Operational highlights 3 Financial highlights 3 Financing and capital structure 4 Subsequent events

More information

Havila Shipping ASA. 1 st quarter 2013 accounts. CEO Njål Sævik CFO Arne Johan Dale 23.04.13

Havila Shipping ASA. 1 st quarter 2013 accounts. CEO Njål Sævik CFO Arne Johan Dale 23.04.13 Havila Shipping ASA 1 st quarter 2013 accounts CEO Njål Sævik CFO Arne Johan Dale 23.04.13 Todays News Extension of existing contracts with Fugro TSM 2005/2007 built Havila Harmony Extension of existing

More information

/ FIRST QUARTER 2012 PRESENTATION. Bergen, May 15 2012 / GC RIEBER SHIPPING S BUSINESS IDEA. Industrial company with business within offshore shipping

/ FIRST QUARTER 2012 PRESENTATION. Bergen, May 15 2012 / GC RIEBER SHIPPING S BUSINESS IDEA. Industrial company with business within offshore shipping / FIRST QUARTER 212 PRESENTATION Bergen, May 15 212 / 1 / GC RIEBER SHIPPING S BUSINESS IDEA Industrial company with business within offshore shipping Owns and operates multi-purpose built vessels Focus

More information

Odfjell Drilling Ltd.

Odfjell Drilling Ltd. Odfjell Drilling Ltd. Report for the 3 rd quarter of 2015 This interim report is unaudited and has been prepared in accordance with IAS 34 Interim Financial Reporting. Key figures for the Group All figures

More information

Havila Shipping ASA 2 nd quarter 2013 accounts 23.07.13

Havila Shipping ASA 2 nd quarter 2013 accounts 23.07.13 Havila Shipping ASA 2 nd quarter 2013 accounts 23.07.13 Highlights Year to date Havila Harmony Extension of existing contract for four years firm with two optional periods of one year each Will keep the

More information

Wilh. Wilhelmsen ASA. > Third Quarter 2014. Jan Eyvin Wang President and CEO. 11 November 2014, Lysaker

Wilh. Wilhelmsen ASA. > Third Quarter 2014. Jan Eyvin Wang President and CEO. 11 November 2014, Lysaker Wilh. Wilhelmsen ASA > Third Quarter 214 Jan Eyvin Wang President and CEO 11 November 214, Lysaker Disclaimer This presentation contains forward-looking expectations which are subject to risk and uncertainties

More information

FOURTH QUARTER 2015. Financials. Safe Zephyrus is scheduled to commence a contract in Norway early Q3 2016.

FOURTH QUARTER 2015. Financials. Safe Zephyrus is scheduled to commence a contract in Norway early Q3 2016. FOURTH QUARTER 2015 Financials (Figures in brackets refer to the corresponding period of 2014) Full year 2015 Operating profit for 2015 amounted to USD 167 million (USD 248.3 million) and utilisation of

More information

d O F a s a 3 0 Y Y r e a a r a n n i V e r s 2011 s e t t i n g t h e s t a n d a r d a n n U a L r e P O r t

d O F a s a 3 0 Y Y r e a a r a n n i V e r s 2011 s e t t i n g t h e s t a n d a r d a n n U a L r e P O r t D O F A S A 3 Y 0 R Y E A R A N N I V R E S A 2011 setting the standard ANNUAL REPORT DOF ASA 2011 Annual Report INDEX 30 years into the DOF story Life of field services 2011 Highlights Key figures dof

More information

Registration no. 33 36 97 94

Registration no. 33 36 97 94 Registration no. 33 36 97 94 Viking Supply Ships A/S Financial Report FINANCIAL REPORT Contents Page Summary of events 3 Operational highlights 3 Financial highlights 4 Financing and capital structure

More information

Havila Shipping ASA 4 th quarter 2013 accounts Preliminary 2013 accounts

Havila Shipping ASA 4 th quarter 2013 accounts Preliminary 2013 accounts Havila Shipping ASA 4 th quarter 2013 accounts Preliminary 2013 accounts CEO Njål Sævik CFO Arne Johan Dale 31.01.14 Highlights Signed contracts 2.9 billion Contract coverage for 2014 cover expenses Contract

More information

Nordic Energy Summit 2014. CFO Arne Johan Dale 20.03.14

Nordic Energy Summit 2014. CFO Arne Johan Dale 20.03.14 Nordic Energy Summit 2014 CFO Arne Johan Dale 20.03.14 Highlights 2013 Signed contracts 2.9 billion Contract coverage for 2014 cover expenses Contract backlog 3.5 billion Bank financing with maturity in

More information

2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6

2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6 2 N D Q U A R T E R 2 1 6 O s l o, 1 8 J u l y 2 1 6 Agenda Per A Sørlie, President & CEO Highlights Business areas Outlook Per Bjarne Lyngstad, CFO Financial performance 2 Highlights 2 nd quarter 216

More information

Maersk Drilling Annual Result 2014

Maersk Drilling Annual Result 2014 Maersk Drilling Annual Result 2014 26 February 2015 page 2 Legal notice This presentation contains certain forward looking statements (all statements that are not entirely based on historical facts, among

More information

> Wilh. Wilhelmsen ASA. Third Quarter 2011. 8th November 2011, Lysaker

> Wilh. Wilhelmsen ASA. Third Quarter 2011. 8th November 2011, Lysaker Wilh. Wilhelmsen ASA Third Quarter 211 Benedicte B. Agerup - CFO Wilh. Wilhelmsen ASA 8th November 211, Lysaker Disclaimer This presentation may contain forward- looking expectations which are subject

More information

TTS Group ASA. Presentation Q1 2013. Oslo May 15 th, 2013. Johannes D. Neteland Arild Apelthun

TTS Group ASA. Presentation Q1 2013. Oslo May 15 th, 2013. Johannes D. Neteland Arild Apelthun TTS Group ASA Presentation Q1 2013 Oslo May 15 th, 2013 Johannes D. Neteland Arild Apelthun Agenda 1 st quarter headlines Order intake and order backlog Business segments Market development 1 st quarter

More information

2nd quarter results 2011 12 August 2011

2nd quarter results 2011 12 August 2011 part of Aker 2nd quarter results 2 12 August 2 2 Aker Solutions Agenda Topic Introduction Financials Speaker Øyvind Eriksen, Executive Chairman Leif Borge, President & CFO Q&A session Front page photo:

More information

Third Quarter 2012 Results Oslo 14 November 2012

Third Quarter 2012 Results Oslo 14 November 2012 Third Quarter 212 Results Oslo 14 November 212 1 Agenda Highlights Financials Operational review Market update and prospects Summary Q&A Session 2 Highlights Highlights EBITDA of USD 8 million reflects

More information

NORDEN RESULTS. 1 st quarter of 2013. Hellerup, Denmark 15 May 2013. Our business is global tramp shipping. NORDEN 1st quarter of 2013 results 1

NORDEN RESULTS. 1 st quarter of 2013. Hellerup, Denmark 15 May 2013. Our business is global tramp shipping. NORDEN 1st quarter of 2013 results 1 NORDEN RESULTS 1 st quarter of 2013 Hellerup, Denmark 15 May 2013 NORDEN 1st quarter of 2013 results 1 AGENDA Group highlights Financial highlights Market update Full year financial guidance Q & A NORDEN

More information

2015 FIRST QUARTER RESULTS. 13 May 2015

2015 FIRST QUARTER RESULTS. 13 May 2015 2015 FIRST QUARTER RESULTS 13 May 2015 Safe Harbor Statement This Presentation contains certain forward-looking statements. Forward-looking statements concern future circumstances and results and other

More information

Third quarter results 2014

Third quarter results 2014 Third quarter results 2014 Highlights Third quarter 2014 High operational activity H6 rig upgrade completed ahead of time Cooperation with KBR for Sverdrup Study awarded for Subsea on a Stick Order backlog

More information

Financial Results. siemens.com

Financial Results. siemens.com s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014

More information

Fred.Olsen Production ASA

Fred.Olsen Production ASA Fred.Olsen Production ASA PRESENTATION OF 3rd quarter 2009 3Q 2009 in brief Revenues were USD 29.5 million (USD 24.4 million) EBITDA USD 13.2 million (USD 9.6 million) FPSO Knock Allan EBITDA contribution

More information

8th January 2016. SEB Nordic Seminar 2016

8th January 2016. SEB Nordic Seminar 2016 8th January 2016 SEB Nordic Seminar 2016 Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks,

More information

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013 Focus on fleet customers SAF-HOLLAND Annual Financial Statements 213 Detlef Borghardt, CEO Wilfried Trepels, CFO March 13, 214 Agenda 1 Financials 3 2 Appendix 21 2 Executive Summary 1 2 3 Group sales

More information

Earnings Release Q3 FY 2015 April 1 to June 30, 2015

Earnings Release Q3 FY 2015 April 1 to June 30, 2015 Munich, Germany, July 30, 2015 Earnings Release FY 2015 April 1 to June 30, 2015 Solid performance, softening market environment»overall our businesses delivered solid underlying profitability despite

More information

4th Quarter 2009 Results Presentation. A challenging quarter

4th Quarter 2009 Results Presentation. A challenging quarter 4th Quarter 2009 Results Presentation A challenging quarter Contents Headlines Financial results Operations and market Going forward Q4 09 Headlines Challenging quarter for Simtronics Results affected

More information

Registration no. 33 36 97 94. Viking Supply Ships Financial Report Q3 2012

Registration no. 33 36 97 94. Viking Supply Ships Financial Report Q3 2012 Registration no. 33 36 97 94 Viking Supply Ships Financial Report FINANCIAL REPORT FOR SUMMARY OF EVENTS FOR THE PERIOD JANUARY SEPTEMBER Total revenue for amounted to 279 MNOK, with an EBITDA of 109 MNOK.

More information

M. Kevin McEvoy. CREDIT SUISSE 2013 Energy Summit February 5, 2013 Vail, CO. Oceaneering International, Inc. Safe Harbor Statement

M. Kevin McEvoy. CREDIT SUISSE 2013 Energy Summit February 5, 2013 Vail, CO. Oceaneering International, Inc. Safe Harbor Statement CREDIT SUISSE 2013 Energy Summit February 5, 2013 Vail, CO M. Kevin McEvoy President and CEO Oceaneering International, Inc. Safe Harbor Statement Statements we make in this presentation that express a

More information

Third Quarter 2015 Conference Call October 20, 2015

Third Quarter 2015 Conference Call October 20, 2015 Navigating the present, focusing on the future. Third Quarter 2015 Conference Call October 20, 2015 Forward Looking Statements This presentation contains forward-looking statements that involve risks,

More information

Preferred partner. Investor Day 2015. London, March 17, 2015 Luis Araujo, CEO Svein Stoknes, CFO

Preferred partner. Investor Day 2015. London, March 17, 2015 Luis Araujo, CEO Svein Stoknes, CFO Investor Day 2015 London, March 17, 2015 Luis Araujo, CEO Svein Stoknes, CFO 2015 Aker Solutions Slide 1 March 17, 2015 Investor Day 2015 Forward-Looking Statements and Copyright This Presentation includes

More information

Norsk Gjenvinning Group 1st Quarter 2016 Erik Osmundsen, CEO and Dean Zuzic, CFO

Norsk Gjenvinning Group 1st Quarter 2016 Erik Osmundsen, CEO and Dean Zuzic, CFO Norsk Gjenvinning Group 1st Quarter 2016 Erik Osmundsen, CEO and Dean Zuzic, CFO Disclaimer VV Holding AS is providing the following interim financial statements for Q1 2016 to holders of its NOK 2,235,000,000

More information

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013

SAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013 SAF-HOLLAND Annual Financial Statements 212 Detlef Borghardt, CEO Wilfried Trepels, CFO March 14, 213 Executive Summary business volume successfully expanded in 212 1 Group sales increased yoy by 3.4%

More information

Navig8 Product Tankers Inc. Reports Results for the Three and Nine Months Ended September 30, 2015

Navig8 Product Tankers Inc. Reports Results for the Three and Nine Months Ended September 30, 2015 NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND THE DISTRICT OF COLUMBIA) OR ANY

More information

Q1 2009 SIDETITTEL. Felix Konferansesenter 5 May 2009 Oslo

Q1 2009 SIDETITTEL. Felix Konferansesenter 5 May 2009 Oslo Q1 29 SIDETITTEL Felix Konferansesenter 5 May 29 Oslo PAGE 3 // Third quarter 28 AGENDA Business development Highlights Revenues and earnings Order intake and back log Market Outlook Offshore Service Vessels

More information

Results Presentation Jan-Sep 2014. November 25 th, 2014

Results Presentation Jan-Sep 2014. November 25 th, 2014 Results Presentation Jan-Sep 2014 November 25 th, 2014 Disclaimer This document has been prepared by Grupo Isolux Corsán, S.A.; therefore no part of it may be published, disclosed or distributed in any

More information

Grieg Seafood ASA Q3 2015. Andreas Kvame CEO. Atle Harald Sandtorv CFO. 6 November 2015. griegseafood.com

Grieg Seafood ASA Q3 2015. Andreas Kvame CEO. Atle Harald Sandtorv CFO. 6 November 2015. griegseafood.com Grieg Seafood ASA Q3 2015 Andreas Kvame CEO Atle Harald Sandtorv CFO 6 November 2015 1 Agenda Highlights Business Units (Regions) Financials Outlook 2 HIGHLIGHTS Q3 2015 3 Highlights Q3 2015 Operational

More information

Results 3 rd Quarter 2009

Results 3 rd Quarter 2009 1 Results 3 rd Quarter 20 October 29 th 20 Sven Tore Kaasa, CEO Kjetil Haukås, CFO Perspectives on TeleComputing 2 Well positioned in attractive part of the outsourcing market The long awaited market growth

More information

Pareto Securities 21 st Oil & Offshore Conference Oslo, September 10-11, 2014

Pareto Securities 21 st Oil & Offshore Conference Oslo, September 10-11, 2014 Pareto Securities 21 st Oil & Offshore Conference Oslo, September 10-11, 2014 Cautionary Statement This presentation contains forward looking information Forward looking information is based on management

More information

Dolphin Group ASA. Presentation of unaudited Q2 2015 results. 12 August 2015. Atle Jacobsen (CEO) & Erik Hokholt (CFO) www.dolphingeo.

Dolphin Group ASA. Presentation of unaudited Q2 2015 results. 12 August 2015. Atle Jacobsen (CEO) & Erik Hokholt (CFO) www.dolphingeo. Dolphin Group ASA Presentation of unaudited Q2 2015 results 12 August 2015 Atle Jacobsen (CEO) & Erik Hokholt (CFO) 1 Disclaimer This presentation includes and is based, inter alia, on forward-looking

More information

2013 Third Quarter Review October 25, 2013 1

2013 Third Quarter Review October 25, 2013 1 October 25, 213 1 Panalpina Group October 25, 213 213 Third Quarter Review October 25, 213 2 Highlights and key figures Operating and financial review Outlook Growth in profitability and margins in the

More information

Q3 2015. Oslo 12 November 2015 Baard Schumann, CEO Sverre Molvik, CFO

Q3 2015. Oslo 12 November 2015 Baard Schumann, CEO Sverre Molvik, CFO Q3 2015 Oslo 12 November 2015 Baard Schumann, CEO Sverre Molvik, CFO Agenda Highlights Operational update Financial update Market Outlook and summary 2 HIGHLIGHTS Highlights Q3 2015 Continued strong margins

More information

Conference Call 1Q 2015 Results May 28, 2015

Conference Call 1Q 2015 Results May 28, 2015 Conference Call 1Q 2015 Results May 28, 2015 Forward Looking Statements This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include

More information

General Presentation. May 7, 2015. SBM Offshore 2014. All rights reserved. www.sbmoffshore.com

General Presentation. May 7, 2015. SBM Offshore 2014. All rights reserved. www.sbmoffshore.com General Presentation May 7, 2015 SBM Offshore 2014. All rights reserved. www.sbmoffshore.com Disclaimer Some of the statements contained in this presentation that are not historical facts are statements

More information

INTERIM REPORT 2012 FOURTH QUARTER (Q4)

INTERIM REPORT 2012 FOURTH QUARTER (Q4) INTERIM REPORT 2012 FOURTH QUARTER (Q4) Summary - In January 2013 Norway Seafoods entered into an agreement to sell most of the company s Farming operations in France - Revenue in the fourth quarter came

More information

FORACO INTERNATIONAL REPORTS Q3 2014

FORACO INTERNATIONAL REPORTS Q3 2014 NEWS RELEASE FORACO INTERNATIONAL REPORTS Q3 2014 Toronto, Ontario / Marseille, France Tuesday, November 4, 2014 Foraco International SA (TSX:FAR) (the Company or Foraco ), a leading global provider of

More information

1Q First-quarter results 2013 8 May 2013 2013 Aker Solutions www.akersolutions.com

1Q First-quarter results 2013 8 May 2013 2013 Aker Solutions www.akersolutions.com 1Q First-quarter results 2013 8 May 2013 2013 Aker Solutions www.akersolutions.com Financial highlights Revenues (NOK million) 11 060 9 837 First-quarter results 2013 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1

More information

farstad shipping asa quarterly report 1-2012

farstad shipping asa quarterly report 1-2012 farstad shipping asa quarterly report 1-2012 6 981 905.5 163.9 market value operating income operating profit (ebit) 2 53 vessels 1 10 newbuilds vision 3 quarterly report 1-2012 operating income Excl.

More information

Half year results 2011

Half year results 2011 Half year results 2011 29 July 2011 Bert De Graeve, Chief Executive Officer Bruno Humblet, Chief Financial Officer Address by Bert De Graeve, Chief Executive Officer Introductory remark The consolidated

More information

Conference Call 4Q 2014 Results February 26, 2015

Conference Call 4Q 2014 Results February 26, 2015 Conference Call 4Q 2014 Results February 26, 2015 Forward Looking Statements This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically

More information

Service Tax Planning - Expected Revenue Growth in FY 2015

Service Tax Planning - Expected Revenue Growth in FY 2015 Munich, Germany, May 7, 2015 Earnings Release FY 2015 January 1 to March 31, 2015 Portfolio gains drive income»for business volume, we performed well in our markets. The profitability of our Industrial

More information

Life-of-Field. seabed-to-surface

Life-of-Field. seabed-to-surface Life-of-Field seabed-to-surface Global capabilities Life-of-Field {LOF} definition: Assurance of asset integrity throughout the operational life cycle, enabled by a suite of services including integrity

More information

Interim financial report for the period 1 January to 30 September 2011

Interim financial report for the period 1 January to 30 September 2011 Company announcement no. 11/ 18 November Page 1 of 9 Interim financial report for the period 1 January to 30 September Highlights Results improved in the third quarter with a gross profit of USD 8 million

More information

Credit Suisse 2014 Energy Summit CEO Per Wullf Vail, Colorado, February 2014

Credit Suisse 2014 Energy Summit CEO Per Wullf Vail, Colorado, February 2014 Credit Suisse 2014 Energy Summit CEO Per Wullf Vail, Colorado, February 2014 Forward Looking Statements The statements described in this presentation that are not historical facts are forward-looking statements

More information

Presentation of fourth quarter and annual results for 2013 CEO Thomas Falck and CFO Roar Østbø

Presentation of fourth quarter and annual results for 2013 CEO Thomas Falck and CFO Roar Østbø Presentation of fourth quarter and annual results for 2013 CEO Thomas Falck and CFO Roar Østbø Q4 and FY 2013 highlights 2 NOK 1,000 Q4-13 Q4-12 2013 2012 Order Intake 79 98.0 548.0 573.0 Revenues 150.4

More information

Odfjell Drilling Ltd. Report for the 1st quarter of 2016

Odfjell Drilling Ltd. Report for the 1st quarter of 2016 Report for the 1st quarter of 2016 This interim report is unaudited and has been prepared in accordance with IAS 34 Interim Financial Reporting. Key figures for the Group All figures in USD million Key

More information

SECOND QUARTER AND FIRST HALF 2014 RESULTS. July 24, 2014 Oslo, Norway

SECOND QUARTER AND FIRST HALF 2014 RESULTS. July 24, 2014 Oslo, Norway SECOND QUARTER AND FIRST HALF 2014 RESULTS July 24, 2014 Oslo, Norway Cautionary Statement This presentation contains forward looking information Forward looking information is based on management assumptions

More information

1 st Quarter 2014 Financial Results

1 st Quarter 2014 Financial Results 1 st Quarter 2014 Financial Results Q1 and Q4 2013 are presented before Non-Recurring Items linked to Fugro (NRFI) and before impairment & write-off, unless stated otherwise. Forward-Looking Statements

More information

Medistim ASA First Quarter 2016. Kari E. Krogstad, President and CEO Thomas Jakobsen, CFO April 20th, 2016

Medistim ASA First Quarter 2016. Kari E. Krogstad, President and CEO Thomas Jakobsen, CFO April 20th, 2016 Medistim ASA First Quarter 2016 Kari E. Krogstad, President and CEO Thomas Jakobsen, CFO April 20th, 2016 2 Disclaimer The information included in this Presentation contains certain forward-looking statements

More information

FINANCIAL RESULTS Q1 2012. 16 May 2012

FINANCIAL RESULTS Q1 2012. 16 May 2012 FINANCIAL RESULTS Q1 2012 16 May 2012 Highlights Q1 2012 Satisfactory Q1 financials underlying EBITDA and profit before tax on a par with Q1 2011 - Lower power prices partly offset by increased power generation

More information

Presentation Preliminary accounts 2011 4 th Quarter 2011

Presentation Preliminary accounts 2011 4 th Quarter 2011 Presentation Preliminary accounts 2011 4 th Quarter 2011 This is Havila Shipping ASA Storm in the North Sea Head-office in Fosnavåg, Norway. Partnership with PACC Offshore in Singapore A fleet of 29 vessels

More information

Norsk Gjenvinning Group 3rd Quarter 2014 Erik Osmundsen, CEO and Dean Zuzic, CFO

Norsk Gjenvinning Group 3rd Quarter 2014 Erik Osmundsen, CEO and Dean Zuzic, CFO NC Group 3rd Quarter 2014 Erik Osmundsen, CEO and Dean Zuzic, CFO < f A Disclaimer VV Holding AS is providing the following consolidated financial results for the first nine months of 2014 to holders of

More information

3nd quarter 2005: Status and outlook. Aker Group update Leif-Arne Langøy, CEO 3Q05 financials Bengt A Rem, CFO Q&A Aker Seafoods - separate session

3nd quarter 2005: Status and outlook. Aker Group update Leif-Arne Langøy, CEO 3Q05 financials Bengt A Rem, CFO Q&A Aker Seafoods - separate session 3nd quarter 2005: Status and outlook Oslo, 3 Agenda Aker Group update Leif-Arne Langøy, CEO 3Q05 financials Bengt A Rem, CFO Q&A Aker Seafoods - separate session The accounts in this presentation have

More information

PRESENTATION OF FOURTH QUARTER 2014. Oslo 12 February 2015 CEO Thomas Falck and CFO Roar Østbø

PRESENTATION OF FOURTH QUARTER 2014. Oslo 12 February 2015 CEO Thomas Falck and CFO Roar Østbø PRESENTATION OF FOURTH QUARTER 2014 Oslo 12 February 2015 CEO Thomas Falck and CFO Roar Østbø Q4 2014 / 2014 HIGHLIGHTS Q4 71 % increase in revenues NOK 258 million Continued strong growth for ATMS, revenues

More information

FARSTAD SHIPPING ASA QUARTERLY REPORT 3-2015

FARSTAD SHIPPING ASA QUARTERLY REPORT 3-2015 FARSTAD SHIPPING ASA QUARTERLY REPORT 3-2015 579 969 74 MARKET VALUE OPERATING INCOME OPERATING PROFIT (EBIT) 2 61 VESSELS 1 1NEWBUILD VISION 3 VALUES, VISION & GOALS Our Values express the attitudes and

More information

BROSTRÖM AB (publ) Reg No 556005-1467

BROSTRÖM AB (publ) Reg No 556005-1467 Broström is one of the leading logistics companies for the oil and chemical industry, focusing on industrial product and chemical tanker shipping and marine services. Broström is based all over the world

More information

OCEAN YIELD AS Pareto Offshore Conference. 13 September 2012

OCEAN YIELD AS Pareto Offshore Conference. 13 September 2012 OCEAN YIELD AS Pareto Offshore Conference 13 September 2012 Ocean Yield AS A new shipping company established in Q1 2012 Portfolio of oil-service assets with long-term charters Balance sheet Q2 2012: $

More information

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT THIRD QUARTER 2005 [This document is a translation from the original Norwegian version]

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT THIRD QUARTER 2005 [This document is a translation from the original Norwegian version] NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT THIRD QUARTER 2005 THIRD QUARTER IN BRIEF The operating revenue has increased by 78 % to MNOK 589,9 compared to MNOK 331,7 in the same period last year. The total

More information

Fugro HY 2015: Improved results under continued challenging market circumstances Increased margin pressure expected in second half year

Fugro HY 2015: Improved results under continued challenging market circumstances Increased margin pressure expected in second half year Leidschendam, the Netherlands, 6 August 2015 Fugro HY 2015: Improved results under continued challenging market circumstances Increased margin pressure expected in second half year Year-on-year revenue

More information

4Q 11. Deep Sea Supply Plc Presentation 29 Feb 2012

4Q 11. Deep Sea Supply Plc Presentation 29 Feb 2012 4Q 11 Deep Sea Supply Plc Presentation 29 Feb 2012 HIGHLIGHTS 4Q 11 Improved financials Reduced cost due to inhouse technical & crew management 7 new long term charter contracts and more to come Growth

More information

Risk management and sensitivities

Risk management and sensitivities 8% Russia DISTRIBUTION OF OPERATING REVENUES 58% North Sea 34% Gulf of Mexico Risk management and sensitivities Prosafe operates on several continents and in various 11% unsecured debt segments of the

More information

FRONTLINE LTD. INTERIM REPORT JULY - SEPTEMBER 2005. Highlights

FRONTLINE LTD. INTERIM REPORT JULY - SEPTEMBER 2005. Highlights FRONTLINE LTD. INTERIM REPORT JULY - SEPTEMBER Highlights Frontline reports net income of $73.8 million and earnings per share of $0.99 for the third quarter of. Frontline reports nine month results of

More information

DOLPHIN GROUP INTELLIGENT, FAST AND FRIENDLY COMPANY PRESENTATION SEG 2012 NOVEMBER 2012

DOLPHIN GROUP INTELLIGENT, FAST AND FRIENDLY COMPANY PRESENTATION SEG 2012 NOVEMBER 2012 DOLPHIN GROUP INTELLIGENT, FAST AND FRIENDLY COMPANY PRESENTATION SEG 2012 NOVEMBER 2012 Disclaimer This presentation includes and is based, inter alia, on forward-looking information and statements that

More information

Unaudited First Quarter 2009 Results

Unaudited First Quarter 2009 Results Petroleum Geo-Services ASA Unaudited First Quarter 2009 Results Petroleum Geo-Services ASA Unaudited First Quarter 2009 Results (IFRS) Oslo, May 12, 2009 Cautionary Statement This presentation contains

More information

Deep Sea Supply Plc Presentation 31 May 2016

Deep Sea Supply Plc Presentation 31 May 2016 1Q 2016 Deep Sea Supply Plc Presentation 31 May 2016 Highlights - Reduced revenue due to vessels coming off long term contracts and sale of vessels - Two AHTS vessels sold in February with a total book

More information

NORWEGIAN AIR SHUTTLE ASA

NORWEGIAN AIR SHUTTLE ASA NORWEGIAN AIR SHUTTLE ASA SECOND QUARTER AND FIRST HALF REPORT 2009 HIGHLIGHTS First half revenue up by 24.5% to MNOK 3,287.8, quarterly revenue up by 22.5 % to MNOK 1,900.5 (1,551.2). Earnings before

More information

2 ND QUARTER 2016 RESULTS ANNOUNCEMENT

2 ND QUARTER 2016 RESULTS ANNOUNCEMENT 2 ND QUARTER 2016 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 2 nd Quarter Results 19.07.2016 HIGHLIGHTS FROM THE QUARTER Revenues Gross margin Operating expenses EBITA Cashflow TOMRA Collection TOMRA Sorting

More information

Annual results 2014. Amsterdam, 27 February 2015. Courtesy of French Ministry Of Culture and Communication / Immadras

Annual results 2014. Amsterdam, 27 February 2015. Courtesy of French Ministry Of Culture and Communication / Immadras Annual results 2014 Amsterdam, 27 February 2015 Courtesy of French Ministry Of Culture and Communication / Immadras General highlights Fugro to focus on its core geotechnical and survey activities Restructuring

More information

NORWAY ROYA L S A L M ON PRESENTATION Q1 2016. Oslo, 4 May 2016 Charles Høstlund, CEO Ola Loe, CFO 1

NORWAY ROYA L S A L M ON PRESENTATION Q1 2016. Oslo, 4 May 2016 Charles Høstlund, CEO Ola Loe, CFO 1 PRESENTATION Q1 2016 Oslo, 4 May 2016 Charles Høstlund, CEO Ola Loe, CFO 1 AGENDA: Highlights for the period Segment information Green licenses Group financials Markets Outlook 2 Highlights in Q1 2016

More information

Gjensidige Insurance Group Q4 2008 and preliminary 2008

Gjensidige Insurance Group Q4 2008 and preliminary 2008 Gjensidige Insurance Group Q4 2008 and preliminary 2008 Disclaimer The information contained herein has been prepared by and is the sole responsibility of Gjensidige Forsikring BA ( the Company ). Such

More information

Aker Solutions Splits Into Two Companies

Aker Solutions Splits Into Two Companies Fornebu, April 30, 2014 Øyvind Eriksen, Executive Chairman 2014 Aker Solutions Boosting Value Through Two New Companies New Aker Solutions Swifter realization of synergies, operational excellence and organic

More information

Subsea 7 S.A. Announces Fourth Quarter and Full Year 2015 Results

Subsea 7 S.A. Announces Fourth Quarter and Full Year 2015 Results Subsea 7 S.A. Announces Fourth Quarter and Full Year 2015 Results Luxembourg 2 March 2016 Subsea 7 S.A. (the Group) (Oslo Børs: SUBC, ADR: SUBCY) announced today results for the fourth quarter and the

More information

Earnings Release Q2 FY 2016 January 1 to March 31, 2016

Earnings Release Q2 FY 2016 January 1 to March 31, 2016 Munich, Germany, May 4, 2016 Earnings Release FY 2016 January 1 to March 31, 2016 Continuing growth in orders, revenue and profitability»we delivered another convincing performance in the second quarter,

More information

FARSTAD SHIPPING ASA QUARTERLY REPORT 1-2016

FARSTAD SHIPPING ASA QUARTERLY REPORT 1-2016 FARSTAD SHIPPING ASA QUARTERLY REPORT 1-2016 519 827 48 MARKET VALUE OPERATING INCOME OPERATING PROFIT (EBIT) 2 57 VESSELS 1 1NEWBUILD VISION 3 VALUES, VISION & GOALS Our Values express the attitudes and

More information

Financial supplement (unaudited) 2014. Zurich Insurance Group Annual Report 2014

Financial supplement (unaudited) 2014. Zurich Insurance Group Annual Report 2014 Financial supplement (unaudited) 204 Zurich Insurance Group Annual Report 204 2 Contents Results for the year ended December 3, 204 Financial supplement (unaudited) Financial highlights (unaudited) Business

More information

Subsea 7 S.A. Announces Second Quarter and Half Year 2016 Results

Subsea 7 S.A. Announces Second Quarter and Half Year 2016 Results Subsea 7 S.A. Announces Second Quarter and 2016 Results Luxembourg 28 July 2016 Subsea 7 S.A. (the Group) (Oslo Børs: SUBC, ADR: SUBCY) announced today results for the second quarter and first half of

More information

NORWAY ROYA L S A L M ON PRESENTATION Q2 2015. Oslo, 26 August 2015 Charles Høstlund, CEO Ola Loe, CFO

NORWAY ROYA L S A L M ON PRESENTATION Q2 2015. Oslo, 26 August 2015 Charles Høstlund, CEO Ola Loe, CFO PRESENTATION Q2 2015 Oslo, 26 August 2015 Charles Høstlund, CEO Ola Loe, CFO AGENDA: Highlights for the period Segment information Group financials Markets Outlook 2 Highlights in Q2 2015 NORWAY ROYA L

More information

Earnings Conference Call Second Quarter & 6 Months Ended June 30, 2015

Earnings Conference Call Second Quarter & 6 Months Ended June 30, 2015 Earnings Conference Call Second Quarter & 6 Months Ended June 30, 2015 Forward Looking Statements This presentation contains certain statements that may be deemed to be forward-looking statements within

More information

BOURBON FULL YEAR 2015

BOURBON FULL YEAR 2015 BOURBON FULL YEAR 2015 March 10, 2016 Good morning, ladies and gentlemen, thank you for attending this conference call presenting our 2015 annual results. I am with Mrs. Géraldine VITTE, our Chief Financial

More information

EARNINGS CONFERENCE CALL Second Quarter Ended June 30, 2015

EARNINGS CONFERENCE CALL Second Quarter Ended June 30, 2015 EARNINGS CONFERENCE CALL Second Quarter Ended June 30, 2015 Disclosures and Forward Looking Statements This presentation contains certain statements that may be deemed to be forward-looking statements

More information

Oceaneering Reports First Quarter 2016 Results

Oceaneering Reports First Quarter 2016 Results PRESS RELEASE Oceaneering Reports First Quarter 2016 Results April 25, 2016 Houston, Texas Oceaneering International, Inc. ( Oceaneering or the Company ) (NYSE:OII) today reported net income of $25.1 million,

More information

EDB Business Partner ASA FOURTH QUARTER 2003 INTERIM REPORT

EDB Business Partner ASA FOURTH QUARTER 2003 INTERIM REPORT - 1 - EDB Business Partner ASA FOURTH QUARTER 2003 INTERIM REPORT Summary The EDB group reports its best quarterly earnings since the fourth quarter of 2001 All business areas report improved operating

More information

Earnings Release Q1 FY 2016 October 1 to December 31, 2015

Earnings Release Q1 FY 2016 October 1 to December 31, 2015 Munich, Germany, January 25, 2016 Earnings Release FY 2016 October 1 to December 31, 2015 Strong start into the fiscal year earnings outlook raised»we delivered a strong quarter and are well underway in

More information

Acta Holding ASA. Agenda. 3rd quarter presentation 2009. CEO Geir Inge Solberg CFO Christian Tunge. 28th October 2009

Acta Holding ASA. Agenda. 3rd quarter presentation 2009. CEO Geir Inge Solberg CFO Christian Tunge. 28th October 2009 Acta Holding ASA rd quarter presentation 9 CEO Geir Inge Solberg CFO Christian Tunge 8th October 9 Agenda Highlights third quarter 9 Lower costs Revenues advisors Acta Invest Interim financial statements

More information

Q3 2011: Strong financial performance in difficult markets; record backlog levels extended

Q3 2011: Strong financial performance in difficult markets; record backlog levels extended : Strong financial performance in difficult markets; record backlog levels extended Breda, the Netherlands, November 11,, DOCKWISE Ltd. today publishes results for the three month period ended September

More information

Financial supplement 2013. Zurich Insurance Group Annual Report 2013

Financial supplement 2013. Zurich Insurance Group Annual Report 2013 Financial supplement 2013 Zurich Insurance Group Annual Report 2013 2 Contents Results for the Year ended December 31, 2013 Financial supplement (unaudited) Financial highlights (unaudited) Business operating

More information