Kvaerner Says 2019 Result at ‘Planned Levels.’ Expects Revenue Drop in 2020

Norwegian offshore engineering and construction company Kvaerner expects 2020 revenue and EBITDA to be lower compared to 2019, citing an effect of the market cycle with few new orders in 2018 and 2019.

Kvaerner on Wednesday released results for the fourth quarter and full year of 2019, saying the results ended at “planned levels.”

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