tunnelling-journal (1)
tunnelling-journal (1)
  • Home
  • Print
    • Subscribe
    • Tunnelling Journal
    • Breakthrough
    • ITA Activity Report
    • A&NZ Journal
    • WTC Preview
    • Media Kit
  • Digital
    • Newsletter
    • E-Shots
    • TJ Digital edition
    • Products Page
    • Media Kit
  • Conferences
    • BTS Conference and Exhibition
    • Cutting Edge 2021
  • Buyer’s Guide
  • Events Diary
  • Jobs
  • About Us
  • Contact Us
  • Podcast

Home > Normet post strong results for 2018

Normet post strong results for 2018

Tris Thomas

Written by Tris Thomas on 30/04/2019 in News

Tagged:

Normet has posted a very strong fiscal year for 2018. Turnover grew by 21% to €315M and earnings before depreciations and amortizations (EBITDA) reached €38M almost double that of 2017.

Santiago Metro 2 415x260

Normet Equipment and Services businesses achieved strong growth but Ground Control and Construction Technology (GCCT) declined modestly compared to 2017. Profitability improved in all business lines.

The turnover forecast for year 2019 is estimated to be at last years level or slightly better. EBITDA level is forecasted to be at 2018 level ie. 12-14%.

“The outlook for year 2019 is still positive, although the market growth is slowing down. We are in the process of scanning new growth areas to secure our renewal and future growth. Our aim is to identify and launch 2-4 of these growth initiatives during this year”, summarizes Aaro Cantell, interim CEO Normet Group.

Normet

NORMET is a fast growing and innovative technology company with a passion to offer continuous improvement to our partners’ processes for increased safety, productivity and profitability.

More Information | info@normet.com | +358 (0)17 83 241

Comments:

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Digital Edition

More Like This

12/11/2020

Good progress reported on the Lesotho Highlands Water Project

Good progress reported on the Lesotho Highlands Water Project

The Lesotho Highlands Development Authority (LHDA) has reported underground tunnelling works inside the two Polihali Diversion Tunnels is progressing well…

09/03/2021

Granite wins Lower Olentangy Tunnel project

Granite wins Lower Olentangy Tunnel project

Granite has announced that it has been awarded the approximate 5.6km long, 3.6m diameter Lower Olentangy Tunnel project by the City…

04/11/2020

HS2 reveals robot assisted Chiltern Tunnels TBMs

HS2 reveals robot assisted Chiltern Tunnels TBMs

The UK’s HS2 has unveiled the use of an innovative onboard robot that will improve safety and efficiency on the…

  • Contact Us
  • Media Kit
  • Magazine Archive

Newsletter

The latest from the Tunneling Journal direct to your inbox.

Social



Enquiries

TGS Media Ltd
The Old Library
Webster House
Dudley Road
Tunbridge Wells
TN1 1LE
United Kingdom

© Tunnelling Journal. All Rights Reserved. Privacy Policy / Terms & Conditions. Admin

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkRead more