Kvaerner improves financial results and outlook
The second quarter has developed positively for key ongoing contracts and frame conditions, compared to the situation in the first quarter when the corona pandemic started. In sum, the effect is significant improvement of financial results and outlook, compared to previous guiding.6 July 2020 - For the first quarter, margin recognition was suspended for some projects, and these effects have been reversed in the second quarter. Kvaerner expects revenues of approximately NOK 1.5 billion and EBITDA-result of about NOK 175 million for the second quarter this year (Field Development segment).