Weakened Odim Margin29/07/2009 |
| Odim has issued a warning that its margin weakened during the second quarter. After a preliminary review of figures for the period, sales look likely to total NOK565 million while EBITDA will be NOK51 million. That corresponds to an EBITDA margin of 9%. |
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The weakening in the margin can primarily be attributed to the following factors:
Odim also maintained a strong focus on product development during the period, which is expected to make the group less dependent on the seismic market over time.
Supplier: Odim ASA More news from this supplier: Subsea- and Deepwater Contract ROV Launch & Recovery System Delivery Odim MVP For UNB Ocean Mapping Group Oceanographic and Deepwater Contract For ODIM MVP200 Orders Termination Letter of Intent Management Change for ODIM ASA ROV Launch and Recovery Contract Rolls-Royce Acquires Shares in ODIM "Innovator of the Year" Award ROV Survey of the Costa Concordia Grounding Site (video) 44 PMGS Transponders for Earthquake and Tsunami Research Underwater Vision to Fugro Subsea Services Award for Brazilian Hydrographic Paper Demonstrating a 'Deeper Understanding' First Real-Time Seafloor Earthquake Observatory Theme of Hydrography Day 2012: International Cooperation Finistère and Mediterranean Bathymetric Lidar Surveys Precise Positioning For BP Vessels DP Inertial Navigation System for Drillship 
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