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Record high performance for Scanship in 2H 2018

Scanship Holding ASA presented their 2H 2018 and full year 2018 financials today. The company continues to show strong growth and improves their profitability. All-time high orderbook at NOK 655 million.

Revenue for 2H 2018 amounted to NOK 183 million, up 41% from the same period last year and on a full year basis revenue increased by 33% to NOK 330 million. EBITDA for second half of NOK 23 million, up 57% from the same period last year and up 56% on a full-year basis to NOK 39 million. The EBITDA margin improved to 12.5% in the second half and 11.9% on a full-year basis. The orderbook is all-time high at NOK 656 million, excluding potential options of NOK 200 million.

Please see video of CEO Henrik Badin commenting on the financial results: