Sales growth and improved profitability in Q1
TTS Group achieved an operating profit (EBITDA) of MNOK 0.6 in Q1 2015 compared to a loss of MNOK 38.4 for the same period in 2014. Total revenues were MNOK 593, up MNOK 40 from Q1 2014. - The industry has had a tough Q1, however from our order intake, we can conclude that our market position is further strengthened, says Björn Andersson, CEO of TTS Group ASA.
Another delivery to TUI Cruises with TTS access equipment
On May 08, 2015 TUI Cruises took delivery of their second newbuilding from the Turku Shipyard and first delivery from the yard under Meyer ownership, equipped with TTS Marine AB’s solutions for passenger and provision access.
TTS Group signs breakthrough marine package equipment order in China (Press release)
TTS Group ASA has got a flying start for its newly established 50/50 Chinese joint venture company, TTS-SCM Marine and Offshore Machinery Co., Ltd. The company has today signed agreements with Shanghai Shipyard Co. Ltd, ensuring delivery of various TTS deck equipment for six ships. Total order value is NOK 270 million.
TTS to supply shell doors and platforms with all-electric drive systems for Star Cruises newbuilds
TTS is to supply electric drive systems and shell doors for two new cruise ships built at the German shipyard Meyer Werft. The ships, commissioned by the leading Asia-Pacific cruise line Star Cruises, will be the first large cruise vessels with all-electric shell doors.
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 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.