2012.MasterPresentation_final [Compatibility Mode] - TTS Group ASA
2012.MasterPresentation_final [Compatibility Mode] - TTS Group ASA
2012.MasterPresentation_final [Compatibility Mode] - TTS Group ASA
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Summary<br />
• Sale of Energy completed. The sale strengthened <strong>TTS</strong> financial<br />
position significantly<br />
• Acquisition of NMF improved <strong>TTS</strong> position in the marine crane<br />
market and complements <strong>TTS</strong> product offering. Significant synergy<br />
potential is expected to lift margins<br />
• Dividends and repayment of MNOK 500 declared in 2012, additional<br />
capacity for 2013<br />
• Short term - market uncertainties<br />
• <strong>TTS</strong> has reiterated it long term growth strategy through generic<br />
growth and acquisitions. Capacity for growth after dividend<br />
payments