2009 was a challenging year for STX Europe following the global financial crisis. Despite strong results for the offshore and specialised vessels business area, the company altogether delivered unsatisfactory financial results for the year 2009.
The activity level was, however, high and the operational performance was strong with the successful delivery of 38 vessels during 2009.
STX Europe's total operating revenues in 2009 amounted to US$4.92 billion (2008: US$5.3 billion).
The 2009 earnings before interest, taxes, depreciation, amortisation, write-downs and restructuring items (EBITDA) amounted to US$22.5 million (2008: -US$67.6 million). The EBITDA margin is up to 0.5 percent from -1.3 percent in 2008.
Operating profit for the group amounted to -US$64.25million (2008: -US$94.85 million).
STX Europe's order backlog was reduced from 2008 to 2009. With a high number of deliveries and an overall moderate order intake, the order backlog at the end of 2009 was US$4.17 billion, comprising 52 vessels.
{WISroYQ symbol='STXEUR.OL'}
