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Port and Logistics<br />
Equipment for Shipyards, Terminals and Industry.<br />
• Low activity and low backlog at the start of the<br />
year still affects earnings.<br />
• Backlog for the period has increased<br />
significantly from 3 rd quarter 2011 and<br />
previous quarters. The main reason for the<br />
improvement relate to ship lift contracts<br />
secured in the quarter.<br />
• Revenue is in line with the same period last<br />
year. The loss in 3 rd quarter relates to low<br />
activity within the port division in 2012.<br />
• Due to weak market conditions, development<br />
cost of approx. MNOK 22 related to<br />
automation of port equipment written off in the<br />
3 rd quarter.<br />
• While investment activity in North Europe<br />
remains at a relatively low level for port<br />
business, there are still opportunities in this<br />
market.<br />
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