Newsflash:
 
Growth in order book for TTS
Monday, 28 February 2011 15:57

In 2010, the TTS Group ASA reported earnings before depreciation (EBITDA) of NOK 3.7 million, compared to a loss of NOK 84.3 million in the previous year. EBITDA in the fourth quarter showed a loss of NOK 13.7 million. – With regard to results, 2010 was weaker than expected. However, the market for our products is recovering. The order intake in the fourth quarter was NOK 1 467 million, which is the highest order intake for one single quarter since the third quarter of 2008. This positive trend has continued in 2011, says Johannes D. Neteland, President and CEO.


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