Substantial measures to regain profitability
In 2013 TTS Group had an operating loss before depreciation (EBITDA) of MNOK minus 40, compared to a profit of MNOK 157 at the year 2012. – The results of 2013 were far weaker than expected. Number of measures have taken to improve profitability and the effect of these measures is expected to materialize during this and next year. Market outlooks for TTS ahead is perceived as positive, says CEO Björn Andersson.
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.
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 to deliver offshore cranes to COSCO in China
TTS will deliver two offshore cranes for the Axis Offshore’s newly contracted Accommodation Vessel from COSCO Shipyard in China.
TTS to deliver cassette system for new London Gateway terminal
TTS Group ASA has through its subsidiary TTS Port Equipment AB signed an order to supply material handling equipment for the new DP World London Gateway Terminal in United Kingdom.
TTS signs contract in Scotland for floating ramp structure
TTS Group ASA has through its subsidiary TTS Port Equipment AB in Sweden signed a contract worth approx. 40 MNOK for an Linkspan upgrade of the facilities at the port of Cairnryan in Scotland.
TTS completes Loch Ryan Port infrastructure
TTS has completed work on the infrastructure of Stena Line’s new state-of-the-art, purpose-built port, located ten kilometres north of its previous location in Stranraer, Scotland.
TTS Marine AB agrees new contract with STX Finland
TTS has further strengthened its position as a top supplier of access equipment for RoRo and cruise vessels with the agreement of a new contract with STX Finland Turku Shipyard for the new environmental friendly passenger ferry for Viking Line.