TTS continue the further sucess

TTS Group ASA had an operating profit before depreciation (EBITDA) in the first quarter of 65.5 MNOK, against 29.6 MNOK in the same period last year. – We continue the same positive development we had from last year. Especially promising is our Maratime division, which is our core area of business after the sales of our drilling equipment business, delivered such good numbers, says CEO Johannes D. Neteland.
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New contract to TTS Group

TTS Group ASA in Bergen has signed a contract with Kleven Verft AS worth approximately NOK 65 million. The contract concerns delivery of a subsea crane. The contract also includes an option for two identical cranes.
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Highest operational results for TTS

For the year 2011 TTS Group ASA reports earnings before depreciation (EBITDA) of MNOK 198.3, compared to MNOK 3.7 for 2010. For the 4th quarter the TTS Group reports an EBITDA of MNOK 72.1, compared to MNOK minus 13.1 last year. – For TTS Group this is the highest operating profit for both a single quarter and for a calendar year. We think the positive trend will continue in 2012, says Johannes D. Neteland, President and CEO. He points out that marine equipment earnings are a key factor to explain the good results.
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