TTS to provide further access equipment to TUI Cruises
After successful design and delivery of access solutions for cruise vessels Mein Schiff 3 and Mein Schiff 4, TTS Marine AB has won repeat orders to equip German TUI Cruises’ next two newbuildings with state-of-the-art solutions for cargo handling and crew and passenger access.
Strong Q4 performance gives positive full year result
The TTS Group’s Q4 EBITDA adjusted for one-time items was MNOK 36.1, an improvement of MNOK 146.1 compared to Q4 2013 and contributing to a full year operating profit of MNOK 4.2. “We are heading to ensure acceptable long-term profitability, and these figures reaffirm our faith in the ongoing restructuring and in our recent market initiatives,” says Björn Andersson, CEO of TTS Group ASA.
TTS to equip the third ferry for Gotlandsbolaget to be built in China
TTS Marine AB in Gothenburg has again secured a contract to supply Cargo Access Equipment to another of Rederi AB Gotlands newbuildings to be built at Guangzhou Shipyard. Already in 1999 TTS received a contract to deliver ro-ro equipment for the same owner at the same yard for two ferries, which were delivered to the Owner in 2003.
Improved Q3 performance – new and more market oriented corporate structure in place
The TTS Group ASA’s Q3 operating profit before depreciation was MNOK 2, a significant improvement compared to a loss of MNOK 80 in the corresponding period last year. - We are still in the middle of a demanding turnaround that will only take full effect on group earnings from 2015 and 2016, but the development so far this year shows that the course is set right. As cost-cutting measures proceed at full strength, we also put into place a more customer- and market-oriented corporate structure, says Björn Andersson, CEO of TTS Group ASA.
TTS supplies prestigious urban development program
As Stockholm is rebuilding the city’s largest port, Värtahamnen, TTS Group will supply passenger walkways as part of the ambitious project.
Wire Luffing Crane Product Range Transferred to TTS NMF
Following the acquisition of Neuenfelder Maschinenfabrik GmbH (NMF) in 2012, the former wire luffing crane company, TTS-LMG, has been merged into TTS NMF. NMF will now take care of all wire luffing crane business for TTS.
Orders for Offshore Cranes and Hangar Doors
TTS have recently received orders for three offshore cranes and a specially designed hangar door for customers in Brazil, Japan and Poland.
Equipment for specialized Ro-Ro vessel ready for delivery
TTS has supplied an electric operated stern ramp/door on the specialized Ro-Ro vessel "m/s Sigrid" for the Swedish shipowner SKB.
Increase in PostPanaMax Car Carriers orders
The new Panama Canal, to be completed in 2014, has shown an increase in orders for upgraded car carriers. So far in 2013, TTS has received orders for equipment for 12 PostPanaMax car carriers.
TTS expands service cooperation with Suomen Satamatekniikka Oy in Finland
TTS Group ASA has through its subsidiary TTS Liftec Oy formed a service concept with the Suomen Satamatekniikka Oy in Finland concerning their translifter vehicles.