Increased margin and stable result. Kvaerner increased the adjusted EBITDA profit margin, from 2.9 percent in first quarter 2015 up to 4.8 percent in first quarter this year.
4 April 2016 - Kvaerner has signed a framework agreement with Statoil, on behalf of Partners, for upgrading of the Njord A semi-submersible platform. At the same time, Statoil has made the first call-off from the framework agreement with an estimated value of NOK 120 million.
31 March, Kvaerner and its subcontractors cut the first steel plates for the utility- and living quarters (ULQ) topside for the Johan Sverdrup field.