TRANSATLANTIC: INTERIM REPORT JANUARY - MARCH 2007
Continued strong Group earnings.
During the first quarter, a strong growth and considerable improvement in earning compared with the preceding year were reported.
Net revenue rose by 22% to SEK 623 M (510).
Operating profit for the period increased by SEK 50 M and amounted to SEK 68 M
(18).
On a rolling 12-month basis, the Group's operating profit amounted to SEK 266 M, which corresponds to SEK 8.70 per share after current tax.
The offshore market was strong during the period and earnings for the Icebreaking/Offshore business area increased significantly, compared with the
year-earlier period.
The European Services division reported improved earnings as a result of increased
volumes and the effects of implemented marketing activities.
Earnings in the Group's Transatlantic Services division remained unchanged, compared with the corresponding year-earlier period.
New President appointed; to assume position in September 2007
The consolidated operating profit for full-year 2007 is expected to be higher than the result for 2006.
Results for January - March 2007:
Net revenue: SEK 623 M (510)
Operating profit before tax: SEK 68 M (18)
Profit before tax: SEK 66 M (14)
Profit after current tax: SEK 65 M (14)
Profit after full tax: SEK 63 M (14)
On March 31, 2007, shareholders' equity per share amounted to SEK 40.80 (37.90 per share on
December 31, 2006).
The equity/assets ratio on the closing date was 40% (40% on December 31, 2006).
* Operating profit: profit before tax and restructuring items.
(For the complete report see attached file)
