• 2019 July 19 11:31

    Naval Group reports order intake growth in H1 to 3.9bn euro

    On 16 July 2019 the Board of Naval Group met to review 2019 half year financial statements, closed on 30 June.

    Commenting these results, Frank Le Rebeller, Senior Executive Vice President Finance, Legal and Purchasing, said: “The H1 results for 2019 show a slightly higher than expected operating profit and we have already exceeded our full year order intake target. In addition to the order for a sixth Barracuda submarine, this dynamism is due to a large extent to international orders and in particular to the Dutch/Belgian mine hunters contract and to the Australian design contract. 70% of the order intake is non domestic, highlighting the group’s international growth”.

    Order intake – €3.9 billion
    In the first half of 2019 order intake reached €3.853 billion. This is above the €3.4 billion target set for all of 2019 and boosted the order book to €15.5 billion at end June 2019.

    International orders represented a large percentage of all new orders at 30 June 2019 and are mainly for new ships. The Belgian and the Dutch mine hunters contract and the design contract for the Australian submarine program have been awarded to Naval Group. The French order for a sixth Barracuda submarine also boosted Naval Group orders this half.

    Sales – €1.8 billion
    First half sales stood at €1.797 billion: 57% new ships and 43% services. The biggest contributors to sales were the Barracuda, FREMM and Brazil programs and maintenance for the Le Téméraire ballistic missile submarine.

    Profitability – EBITA and operating profit up
    EBITA (earnings before interest, taxes and amortisation) totalled €130.7 million. Operating profit rose again for the fourth consecutive year from 6.8% in the first half of 2018 to 7.3% for the same period in 2019. The group share of net profit is €85.8 million for the half year to be compared to 104.6 million for H1 2018 which benefitted from one-off impacts.

    Perspectives – an established international player
    In the second half of 2019 Naval Group will keep on improving the competitiveness of its products offering as well as mastering its ongoing programs through on time, costs and quality deliveries. Operating profitability is therefore expected to increase through 2019 along with the group’s share of net profit that should grow by 5% as compared to 2018.

    These financial results are delivered in the context of strengthened naval defence cooperation between Naval Group and its Italian partner Fincantieri, with a project to develop a more efficient and competitive European naval construction industry.




2020 August 8

15:32 NOAA, U.S. Navy will increase nation’s unmanned maritime systems operations
14:31 Sanmars Sirapinar commences operations in Baltic Sea
13:42 USCG accepts newest fast response cutter
12:03 SCHOTTEL propulsion for first-class expedition cruise vessels
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2020 August 7

18:32 Maersk revamps Europe to Middle East & Indian Subcontinent network
18:00 Rosmorport's to beef up its icebreaking fleet to 38 units in 2020
17:00 World’s first zero-emissions top handlers performing well at Port of Los Angeles
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15:09 Launching of Russia’s first LNG-powered passenger ship Chaika held at Zelenodolsk Shipyard
14:21 North Carolina Ports records year-over-year increases in Fiscal Year 2020
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13:21 ABP invests in Port of Lowestoft to support UK Southern North Sea energy sector
13:19 Krasnoye Sormovo Shipyard hosts launching ceremony for the RSD59 series MS Pola Marina
12:49 Rosmorport plans expansion of its fleet by 24 newbuilds
12:08 Jan De Nul signs contract with Dogger Bank Wind Farm
11:22 The second tanker manufactured in Azerbaijan launched for the next stage of construction
10:37 MSC’s Golden Horn service links China, Korea & Russia’s east coast
09:59 Ecochlor receives IMO BWMS Code Type Approval
09:51 MABUX: Bunker market this morning, Aug 07
09:16 Baltic Dry Index as of Aug 6
09:12 Crude futures prices turn down again

2020 August 6

19:00 FSL Trust agrees to sell three containerships
18:27 Sumitomo Heavy Industries has been granted an “Approval in Principle” for a medium-size high-pressure LNG dual-fueled tanker
18:21 Port of Rostov-on-Don seven-month volume rises 4% to 12.7 million tonnes
18:07 ICTSI 1H2020 net income down 12% to US$113.4mln
17:26 Royal IHC awarded major contract for supply of FPSO equipment for Yinson
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16:36 Nevsky Shipyard launches the Pavel Leonov, last ship of PV22 series duo
16:15 North Sea Port, Flemish Waterways plc, Port of Antwerp, Port of Oostende, Port of Zeebrugge, the Agency for Maritime and Coastal Services, and the Joint Nautical Management to introduce SWINg in 2021
15:43 Zelenodolsk Shipyard to host tomorrow launching and keel-laying ceremonies
15:41 Maritime Autonomous Surface Ships Port Network was established in Singapore
14:27 MABUX Bunker Weekly Review
13:54 Tolyattii bound heavylift project cargo successfully handled at Port Bronka
13:27 Alaska Marine Lines rail barges upgrade ballast systems
12:46 Davie confirms polar leadership with icebreaker launch
12:35 Transit container transport by RZD network soars 30% in Jan-Jul
11:40 CMA CGM to launch its ever-faster service connecting Spain with Algeria
11:35 Carnival Cruise Line joins industrywide pause in U.S. through October 31
10:18 Shell signs charter contracts for six newbuild LNG carriers
10:15 Fourth IMO Greenhouse Gas Study: Shipping emissions are projected to increase by up to 50% until 2050, relative to 2018
09:58 The Flemish government, Port of Antwerp and SeReAnt together improve the water quality at the Port of Antwerp
09:26 Baltic Dry Index as of Aug 5
09:21 Crude futures prices resume climb
09:10 MABUX: Bunker market this morning, Aug 06
08:11 NYK starts operation of its first finished-car logistics terminal in Japan

2020 August 5

18:57 Valenciaport triples air quality control cabins
18:16 U.S. Coast Guard suspends search for missing spearfisher off Maui
18:04 Port of Helsinki turnover decreased by 26.7% to EUR 33.4 million in January–June 2020
17:35 A delegation of the Port of Gdansk visits Klaipeda
17:06 Voluntary ship slowdown through Swiftsure Bank begins August 1
16:49 Mississippi River will get deeper
16:39 MOL introduces FOCUS Project Part Ⅲ: Virtual Ship Visit Application 'Fleet Tour'
16:29 Admiralty Shipyards starts building fourth CT-192 series trawler the Kapitan Martynov
15:27 Solstad secures contract from BP for three vessels in Australia
14:38 ABS to class first Taiwan-built offshore installation vessel
13:22 Hurtigruten temporarily suspends all expedition cruises
13:18 Krasnoye Sormovo to launch the MS Pola Marina cargo ship on August 7
13:12 The Vostochnaya Stevedoring Company completes the upgrade of more than 18,000m2 of storage yard
13:08 Concept of a modular composite fishing boat gets the thumbs up from MARINET