Bergen Group Announces Turnover of NOK 3 735 Million for 2011

During the fourth quarter of 2011 Bergen Group had a turnover of NOK 932 million and a profit of NOK 47 million before depreciation and write-downs. The group had a total turnover of NOK 3 735 million for the entire 2011, which constitutes a growth of nearly 12 per cent, according to a press release.

The operating profit before depreciation and write-downs were NOK 204 million.

Bergen Group’s operations have been split into three different divisions: Offshore, Shipbuilding and Service.

“The market outlook for all three divisions within the group is fundamentally positive, and strongly characterised by a well-founded optimism regarding the future for Norwegian and international petroleum industry,” says Bergen Group CEO Terje Arnesen.

Further growth

Last year Bergen Group’s turnover within offshore division was doubled. At the beginning of this year Mr. Arnesen expects a sliightly lower level of activity.

“But we are still confident that there will be further growth in the years to come,” he concludes.

In order to handle the expected growth a Letter of Intent regarding the purchase of the majority shareholding in a well-established engineering company in Stavanger was signed earlier this month. In addition 600 new workplaces will soon be ready for use in a new, state of the art administration building which is being completed at Bergen Group Rosenberg.

By the end of the fourth quarter of 2011 Bergen Group had a total order backlog of NOK 4.5 billion. In addition the group has signed new contracts for more than NOK 1 billion.

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Offshore Nieuws Staff , February 16, 2012;  Image: bergen-group