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Ulstein Group reports stronger operating profit for 2020

Norwegian shipyard operator Ulstein Group saw revenue losses of NOK 900 million, yet still managed to improve operating earnings in comparison to 2019, the annual report shows.

Photo: Foto: Ulstein/Per Eide

Revenue from Norwegian shipyard group Ulstein Group took a steep dive in 2020 – dropping to NOK 1,644 million (USD 192 million), which represents a 35-percent decline compared to the year before, writes Norwegian business media Finansavisen.

A low order intake was the primary reason.

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