TTS Group ASA operates in the Elevators and moving stairways sector.
In addition to historical fundamental analyses, the complete report available to purchase compares TTS Group ASA with three other
industrial machinery manufacturers in Europe:
Alimak Group AB (publ)
sales of 2.05 billion Swedish Kronor [US$252.76 million]
of which 33%
was Construction Equipment),
Zardoya Otis SA
(746.04 million Euro [US$879.77 million]
of which 91%
was Zardoya Otis Group - Spain), and
based in Poland
(123.11 million Polish New Zlotys [US$34.29 million]
of which 75%
was Levellers Systems).
TTS Group ASA reported sales of NOK 3.09 billion (US$390.81 million)
December of 2016.
a very small
increase of 1.2%
versus 2015, when the company's sales were NOK 3.05 billion.
Sales of Shipyard Solutions saw an increase
that was more than double the company's growth rate: sales were up
38.0% in 2016, from
NOK 215.99 million to NOK 297.98 million.
TTS Group ASA also saw significant increases in sales in
Container, Bulk, Tank (up 16.9% to NOK 1.14 billion)
Multipurpose General Cargo (up 24.0% to NOK 321.77 million)
Corporate/other (up 17.6% to NOK 13.77 million)
Not all segments of TTS Group ASA experienced an increase in sales in 2016:
sales of Offshore fell 36.9% to NOK 226.31 million.
TTS Group ASA also experienced decreases in sales in
Roro, Cruise, Navy (down 13.4% to NOK 555.33 million)
Services (down 9.6% to NOK 534.13 million)