NEWS - EUROPE
Easy Compilation of Tender Documents for Energy Applications
KROHNE added the new sections “ Energy ” and the fourth purification stage at wastewater treatment plants to the “ Planning Tool for generation of tender documents ”. The online tool , which is aimed at planning engineers and operators , thus covers not only water and wastewater systems but also the application areas of district heating , district cooling and green HVAC .
The planners of plants and systems in these areas are faced with the complex task of balancing new planning requirements and regulations with new technological developments and the opportunities they present . When it comes to process instrumentation , the planner must not only be familiar with the most important measurement technologies , but also know the advantages and disadvantages of all the measurement methods that can be used at a particular measuring point .
This is where KROHNE offers support with the planning tool : in the new Energy section , the planner can first select a process or plant section , e . g . the heat transfer station , solar thermal heating plant , geothermal heating plant , heat recovery in data centers or combined heat and power plant in the district heating section . The Planning Tool shows all the measuring points that can be equipped in the process and recommends suitable instrumentation . for the first half of the year . As at 30 June 2024 , AF Gruppen had net interest-bearing liabilities of NOK 979 million ( 1,582 million ). Earnings per share amounted to NOK -0.07 ( NOK 1.72 ) during the second quarter , and NOK 1.23 ( NOK 1.69 ) for the first half of the year .
AF imposes the same strict safety requirements on all its partners and suppliers as it does on its own employees . AF ’ s subcontractors are included in the injury statistics . The LTI rate for the second quarter was 0.4 ( 0.7 ). For the first six months of 2024 the LTI rate was 0.6 ( 1.1 ).
AF works in a systematic and targeted manner to avoid workrelated absence . Sick leave in the second quarter was 3.6 % ( 3.9 %), and for the first six months of 2024 was 4.1 % ( 4.2 %).
“ In recent years , the construction industry has experienced a high level of uncertainty regarding market forces that affect activity and employment for most players in the industry . To stimulate increased activity and profitability , the whole industry must work together to strengthen interaction , innovation and productivity throughout the value chain ,” says Tøftum .
AF Gruppen with Low Profitability in the Second Quarter of 2024
AF Gruppen recorded second quarter revenues of NOK 7,651 million . Profit before tax was NOK 21 million in the second quarter , corresponding to a profit margin of 0.3 %. The Group delivered good results in Civil Engineering and Energy and Environment , but downward adjustments made to the estimated results for one offshore project reduced the result for the Group .
Revenues for the second quarter totalled NOK 7,651 million ( 7,853 million ) and amounted to NOK 14,838 million ( 15,246 million ) for the first half of the year . Profit before tax was NOK 21 million ( 292 million ) in the second quarter and NOK 207 million ( 305 million ) for the first half of the year . This resulted in a profit margin of 0.3 % ( 3.7 %) for the second quarter and 1.4 % ( 2.0 %) for the first half of the year . AF Gruppen had an order intake of NOK 5,629 million ( 10,877 million ) in the second quarter and an order backlog of NOK 38,253 million ( 44,693 million ) at the end of the quarter .
“ AF Gruppen maintained a high level of activity in the quarter , but the result is impacted by downward adjustments made to the estimated results for one of the Group ’ s offshore projects . The quarter includes several strong performances , especially in the areas of Civil Engineering and Energy and Environment . It is gratifying to see continued positive trends in safety performance and sick leave ,” says Amund Tøftum , CEO of AF Gruppen .
Net operating cash flow was NOK 661 million ( 227 million ) in the second quarter of 2024 and NOK 789 million ( 203 million )
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Euronav Changes Name to CMB . TECH on 1 October
ANTWERP , Belgium , Euronav NV is pleased to announce that the name change of Euronav NV to CMB . TECH NV , which was approved by shareholders at the Extraordinary General Meeting of Euronav NV on 2 July 2024 , will be effective on 1 October 2024 .
The company is changing its corporate name to reflect its new strategy focusing on fleet diversification and decarbonisation . CMB . TECH is a diversified and future-proof maritime group , leading the way in sustainability . The group owns and operates more than 160 seagoing vessels : crude oil tankers , dry bulk tankers , container transport , chemical tankers , offshore wind vessels , tugboats and ferries .
The Euronav brand will remain the brand name of the crude oil tanker and offshore oil activities .
CMB . TECH remains listed on Euronext Brussels and the NYSE under the ticker symbol CMBT .