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Kvaerner raises 2019 expectations

Kvaerner upgrades its guidance for 2019 revenue by NOK 1 billion, bringing the total revenue projection to NOK 8 billion. The first quarter was solid, says CEO.

Photo: Kvaerner

Norwegian shipyard and service company Kvaerner is raising its expectations for the whole year following "solid, positive results" in the first quarter of the year, according to the interim report published Tuesday.

This means that Kvaerner now expects revenue in excess of NOK 8 billion (USD 919.3 million), while earlier projections indicated around NOK 7 billion. For comparison, the company's revenue in all of 2018 was NOK 7.2 billion.

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