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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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Marine – Status of Operations<br />
RoRo equipment, Hatch Covers, Side Doors, Cruise and Mega Yachts.<br />
Winches and Deck Equipment, Cranes and Davits for ships<br />
• Generally good operation is resulting<br />
in high margins, 10-11% EBITDA<br />
• Activity and earnings in Joint<br />
Ventures in China remain high and<br />
looks promising for 2012<br />
• Lower activity relating to standard<br />
products due to several postponed<br />
projects<br />
• Low activity and difficult market for<br />
Services<br />
• Low order intake in the quarter, but<br />
increasing trend of enquiries<br />
• Acquisition of NMF expands <strong>TTS</strong><br />
product offering and position in the<br />
Marine crane market
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