Kvaerner's result dives big-time in H1
The Norwegian subcontractor emerged from the first half of 2016 with significantly lower earnings and revenue, according to the 2nd quarter interim report. The market may show tentative signs of recovery over the next year, predicts management.
BY DANIEL LOGAN BERG-MUNCH
Norwegian Kvaerner ASA, like other suppliers to the offshore sector, has been hit hard by the low oil prices and the oil companies' subdued investment appetite.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Kvaerner delivers stable operations in Q1
For subscribers
Kvaerner linked to the "bribe factory" case
For subscribers
Kvaerner switches CFO at rapid notice
For subscribers
