Positive operating profit in the second quarter
Despite difficult market conditions in some segments, TTS Group continues the positive development through second quarter. The group reports an operating profit (EBITDA) of MNOK 32 in the second quarter 2016, in line with the same period in 2015. For the first half, EBITDA was MNOK 59, an increase from MNOK 34 in the corresponding period last year.
Strengthened operating profit and stable order intake for TTS in Q1
The TTS Group reported an operating profit before interest, taxes and depreciation (EBITDA) of MNOK 26 for the first quarter of 2016, compared to a zero result for the same period last year. For this quarter the Group reported a profit before tax of MNOK 10.
Toril Eidesvik new CEO of TTS Group ASA
Toril Eidesvik (48) has been appointed as new CEO of TTS Group ASA after Björn Andersson (69). She enters the position immediately and resigns as Director of the Board of the company.
TTS to deliver a second Linkspan to Stena Europoort
Stena Line has awarded TTS Marine AB the contract to deliver a second Linkspan to their Europoort terminal for bridging the rolling cargo between shore and ship.
TTS turns 50 today!
Since 1966, TTS has made a remarkable journey from a three-man consultancy to a multinational corporation. Today - 15th March - we mark the 50th anniversary of the company.
Further TTS deliveries to Meyer Turku Yard and TUI Cruises
Meyer Turku Yard has confirmed a contract with TTS Marine AB for delivery of access equipment to their fifth and sixth newbuildings for TUI Cruises.
Revenue growth for TTS, with reduced profit in Q3 due to a weak offshore market
A negative result of MNOK 48 in the offshore segment, including a MNOK 20 write-down of inventories, contributed to a Q3 profit in TTS Group before interest, taxes and depreciation (EBITDA) of minus 12 MNOK with turnover of MNOK 805.
TTS equipped RoRo completes Airbus logistics chain
A third state-of-the-art vessel, purpose-built to support the Airbus logistics chain, and equipped by TTS, was delivered on 21 April 2009 by Singapore Technologies Marine Shipyard to Fret Cetam SA, the joint venture between Höegh Autoliners and Louis Dreyfus Armateurs.