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Published: 12:45 CEST 23-06-2010 /Thomson Reuters /Source: Eitzen Maritime Services ASA /XOSL: TICKER EMS /ISIN: NO0003075905
EMS awarded another military contract
Eitzen Maritime Services ASA (EMS) today announced that the Company has been awarded another contract in the military segment.
Another contract for supplies to undisclosed military forces has been extended from date to the end of September with an option to be extended to March 2011. The sales volume under this contract is estimated at USD 25 million. The sales volume in the option period is expected to be similar or exceed this amount. EMS will serve this contract from its Dubai base.
For further information, please contact:
Knut Abrahamsen
Chief Financial Officer
Telephone +47 9240 1038
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
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EMS / Website:
http://www.ems-asa.com/
Published: 12:45 CEST 23-06-2010 /Thomson Reuters /Source: Eitzen Maritime Services ASA /XOSL: TICKER EMS /ISIN: NO0003075905
EMS awarded another military contract
Eitzen Maritime Services ASA (EMS) today announced that the Company has been awarded another contract in the military segment.
Another contract for supplies to undisclosed military forces has been extended from date to the end of September with an option to be extended to March 2011. The sales volume under this contract is estimated at USD 25 million. The sales volume in the option period is expected to be similar or exceed this amount. EMS will serve this contract from its Dubai base.
For further information, please contact:
Knut Abrahamsen
Chief Financial Officer
Telephone +47 9240 1038
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
------------------------------------
EMS / Website:
http://www.ems-asa.com/
Ja, fortsat positiv nyhedsstrøm i vente efter min bedste overbevisning og Q2 skulle gerne bringe den tilbage.
De har trimmet omkostningerne og øget forretningen og når de samtidig fornyr og forlænger de militære kontrakter ser det fornuftigt ud.
Q1 Highlights
? Weak shipping markets offset by military sales
? Sales growth and improved margins
? Revenues of USD 131.9 million ( Q1 2009: 118.1 million)
? EBITDA of USD 5.8 million (Q1 2009: 4.6 million)
? 16 per cent sales growth in Ship Supply from Q1 2009
? Ship Management restructured and back in black
? Significantly reduced operating costs
? Restructuring and operational efficiency initiatives starting to provide results
? Process of addressing debt maturities at end of 2010
De har trimmet omkostningerne og øget forretningen og når de samtidig fornyr og forlænger de militære kontrakter ser det fornuftigt ud.
Q1 Highlights
? Weak shipping markets offset by military sales
? Sales growth and improved margins
? Revenues of USD 131.9 million ( Q1 2009: 118.1 million)
? EBITDA of USD 5.8 million (Q1 2009: 4.6 million)
? 16 per cent sales growth in Ship Supply from Q1 2009
? Ship Management restructured and back in black
? Significantly reduced operating costs
? Restructuring and operational efficiency initiatives starting to provide results
? Process of addressing debt maturities at end of 2010
