Kværner ASA: First quarter results 2019: Solid first quarter performance, expects increased annual revenues
7 May 2019 - The results for the first three months in 2019 is the 31[st] quarter in a row where Kvaerner delivers solid, positive results. Per 31 March, the revenues were NOK 2 158 million including joint ventures. The corresponding EBITDA was NOK 137 million, and the EBITDA margin was 6.3 percent. The first quarter ended with a solid order intake of NOK 1 691 million, and an order backlog of NOK 10 196 million. The market is developing positively from the start of 2019. Hence, Kvaerner expects total revenues, including joint ventures, to grow to more than NOK 8 billion for the full year.