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Second quarter shows satisfactory EBITDA results from STX OSV, whilst Cruise & Ferries business area is still experiencing lower than expected activity levels. STX Europe will continue to focus on securing new orders. STX Europe AS repaid about NOK 102 million (US$17million) of bank loan during Q2. EBITDA of NOK 421 million for Q2 2012 • STX OSV Holdings Limited (STX OSV) with EBITDA of NOK 460 million for Q2 2012 (Q2 2011: NOK 451 million) • Cruise & Ferries with EBITDA of NOK - 41 million for Q2 2012 (Q2 2011: NOK 86 million) Order book situation • Order intake of NOK 5 178 million for Q2 2012 (Q2 2011: NOK 8 249 million) • 10 vessels successfully delivered and 8 vessels secured in Q2 2012 • Order backlog of 65 vessels at the end of Q2 2012 totaling NOK 30 049 million (Q2 2011: 31 554 million) • For further information please see full version of Q2 2012 report. STX Europe is an international shipbuilding group which aims to be the leading builder of cruise vessels, ferries and other specialized vessels. STX Europe AS is also the majority shareholder in STX OSV Holdings Limited listed on the Singapore Exchange (SGX). The group has a strong position in terms of developing state-of-the-art concepts, technology, processes and products for customers around the world. STX Europe comprises 6 shipyards in Finland, France and Norway in addition to 9 shipyards belonging to STX OSV Holdings Limited. STX Europe Group has approximately 14,000 employees. See: www.stxeurope.com. STX Europe's principal shareholder is the Korean based international industrial group STX Business Group which has approximately 63,000 employees and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy. STX Europe press release |
