TTS Group ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
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TTS Group ASA Signs Contracts In Vietnam And Korea
TTS Group ASA announced that through its subsidiaries has signed two contracts for delivery of marine and shipyard equipment with a total value of approx. 60 MNOK. The first contract, through TTS subsidiary TTS Handling Systems AS in Norway, concerns delivery of shipyard equipment to a shipyard in southern Vietnam. Estimated time of delivery is the first quarter of 2015. The shipyard contract is the fifth project in the past 16 months and reinforces the strong position TTS has obtained in this promising market. The second contract, through TTS subsidiary TTS Marine AB in Sweden, is with Hyundai Heavy Industries in Ulsan, South Korea. The contract concerns delivery of cargo access equipment to two car carriers under construction. The deliveries will take place during 2013 and 2014.
Latest Developments for TTS Group ASA
- TTS Group ASA new joint venture with China State Shipbuilding Corporation
- TTS Group ASA implements cost-reducing measures in Norway and China
- TTS Group ASA implements cost reductions in Norway and Germany and plans to cut jobs
- TTS Group ASA announces increase in cost estimates and adjusts interim results
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