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.

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:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading