Correction in revenues for the Third quarter results 2020: Strong results, increased order backlog
28 October 2020 – In an international market with corona-related volatilities, Kvaerner increased EBITDA -results, order intake and backlog during the third quarter, compared to the same period last year. Simultaneously, the company strengthened its financial platform. A positive cashflow increased the cash and bank deposits to NOK 2 029 million at the end of the quarter.In the last quarter, Kvaerner’s total revenues, including jointly controlled entities (Field Development segment) were NOK 1 836 million, compared to NOK 2 571million in the third quarter 2019. With a corresponding