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    Continued strong performance at Aker Yards

    News // February 14, 2006

    Shipbuilding group Aker Yards ASA reported an EBITDA of NOK 343 million for the fourth quarter of 2005, which corresponds to an EBITDA margin of 7.0 per cent. The margin for the full year 2005 was 6.2 per cent.

    Order intake in the fourth quarter was NOK 7.8 billion, giving a total order backlog of NOK 38.9 billion at the end of the year, representing 112 vessels to be built at the groups' 13 yards. Eight vessels were completed and delivered in the fourth quarter, and the activity level within the group is expected to increase in 2006.

    Aker Yards had revenues of NOK 4,896 million in the fourth quarter of 2005, compared with NOK 3,849 million in the corresponding period of 2004. "High activity in all three business areas are contributing to the positive development," said the company. Aker Yards had revenues of NOK 16 607 million for the whole year 2005.
     
    Order intake in the fourth quarter was NOK 7,771 million, of which cruise ships and ferries and offshore and other specialized vessels contributed the major part.

     

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