Financial performance

The market situation has been good and the companies saw increased sales and operation profits compared to 2007. The turnover totalled NOK 636 million; an increase that represents 30 per cent, while the operating result of NOK 74 million equals a 12 per cent operating margin.

The financial performance reflects improved margins within the manufacture of the new products and a higher share of service jobs with higher earning levels.

At the beginning of 2008, the business area’s order reserves were NOK 783 million, distributed through 2009, 2010 and 2011. The order reserve is regarded as robust against cancellations or postponements.