Scanship continued the growth in the second half of 2017, and new milestone contracts were booked. Profits and margins improved significantly, as higher activity and increased revenues were combined with only marginal changes in staffing and other operating expenses.
Total revenue in 2H2017 was MNOK 130.7, an increase of 51% compared to 2H2016. EBITDA was MNOK 15.5, up from minus MNOK 3.9 in 2H2016. Revenue for the full year 2017 was MNOK 247.9, up from MNOK 171.6 in 2016. EBITDA for the year was MNOK 26.0 in 2017, up from minus MNOK 3.4 in 2016.
For further information, see Scanship’s pressrelease: http://www.newsweb.no/newsweb/search.do?messageId=445395
Link to CEO presentation of the results: https://vimeo.com/257851458
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