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.
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TTS is making progress

Six months into 2011, the TTS Group ASA reported earnings before depreciation of NOK 69.3 million, compared to NOK 22.7 million in the same period of 2010. -This progress is owing to our reversal of the negative results of the Energy division. A brisk order intake has lead to increased levels of activity in Kristiansand as well as in Bergen, and this entails a need for increased manning in both these places, says Johannes D. Neteland, President and CEO.
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Growth in order book for TTS

In 2010, the TTS Group ASA reported earnings before depreciation (EBITDA) of NOK 3.7 million, compared to a loss of NOK 84.3 million in the previous year. EBITDA in the fourth quarter showed a loss of NOK 13.7 million. – With regard to results, 2010 was weaker than expected. However, the market for our products is recovering. The order intake in the fourth quarter was NOK 1 467 million, which is the highest order intake for one single quarter since the third quarter of 2008. This positive trend has continued in 2011, says Johannes D. Neteland, President and CEO.
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