On the bright side, Kvaerner’s adjusted earnings and profit margin increased thanks to cost cuts and efficiency measures.
Kvaerner’s fourth-quarter revenues dropped 29% to Nkr1.83 billion ($218 million), while adjusted earnings before interest, taxes, depreciation and amortisation rose 23% to Nkr219 million.
The bottom line was a net loss of Nkr68 million for continuing operations after Kvaerner booked a goodwill impairment charge of Nkr198 million for its concrete solutions division.
“The
