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03.03.10 08:45: Strategic oil and gas contract awarded Scana

Strategic oil and gas contract awarded Scana

-- All news types --

Scana has been awarded "contract intent and instruction to proceed" to deliver
finished machined riser forgings to FMC through its subsidiary Scana Subsea AB.
The high Pressure Production Risers are intended for the Snorre TLP platform on
the Norwegian continental shelf. The field is operated by Statoil and the
production risers are part of their replacement program.



The scope includes forging and machining of production riser joints for 10 riser
systems and additional spare components, and an option for additional riser
systems. The contract value for the first 10 riser systems is 9,4 mill USD.  The
contract positions Scana for potential additional deliveries in the future
replacements for the project as well as upcoming pursuits elsewhere in the
world.



Manufacturing is planned to start immediately and deliveries will commence from
4th quarter 2010 to 2012 in batch deliveries. The contract will also involve our
subsidiary Scana Steel Björneborg in addition to Scana Subsea fronting the
contract.

CEO in Scana Industrier ASA, mr Rolf Roverud, is most pleased with this
breakthrough contract. -This is the first major contract for Scana Subsea, which
was formed to strengthen our efforts towards the riser market within oil and
gas. The award order recognizes Scana material knowledge combined with product
realization through our plant capabilities.

-Scana implemented a number of strategic measures in 2009, including investing
in companies and facilities, pursuing strategic cooperation and establishing new
business in new markets. This contract intent with FMC and a high level of
tendering for attractive projects prove that these efforts have strengthened our
competitive position. We expect our order inflow within oil and gas will
increase significantly in 2010, Roverud says.

------------------------------------------------------

For additional information, please contact:

* Rolf Roverud, CEO in Scana Industrier ASA, tel. +47 911 67 581 (Asia)
* Jan Henry Melhus, Sr. Vice Precident, Scana Industrier ASA, tel. +47
901 67 010 (USA)

------------------------------------------------------

Scana Industrier ASA is a Nordic industrial group providing products and system
solutions to three market segments: Marine, Energy and Steel & Machinery. Scana
also provides service and laboratory services, in addition to maintenance and
repairs for customers in the marine market and oil & gas.

Scana\'s technology, unique expertise in engineering materials and extensive
production experience form the basis of our competitive power. Our aim is to be
the preferred supplier for leading companies within our market segments. The
majority of Scana\'s customers are in Europe, the USA and South East Asia.

Scana Industrier ASA has companies in Norway, Sweden, China, USA, Poland,
Singapore, Brazil and South Korea, as well as associated companies in a number
of countries. The group\'s head office is in Stavanger.


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1390403]
24.02.10 13:25: Mandatory Notification of Trade

Mandatory Notification of Trade

-- All news types --

Mr. Rolf Roverud, Group Chief Executive of Scana Industrier ASA, has on February
24th 2010 acquired 15,000 shares in Scana Industrier ASA at a price of NOK 6,90.



Following this transaction mr. Roverud owns 200,716 shares in Scana Industrier
ASA.



Contact person:

Christian Rugland, CFO, tlf. .+47 51869400 or +47 952 952 55



This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1388054]
17.02.10 17:40: Solid performance for Scana in 2009

Solid performance for Scana in 2009

-- All news types --

The board of Directors of Scana Industrier ASA has today approved the accounts
for 4Q 2009 and preliminary annual accounts (attached).

A presentation of the business and accounts was done February 17\'th in Stavanger
and will be given February 18\'th at 08:00 hrs at Hotel Continental in Oslo. A
web-cast can be accessed at www.scana.no on Friday.

For further information, please contact:


CEO Rolf Roverud, tel. +47 911 67 581, or
CFO Christian Rugland, tel. +47 952 952 55.



____________________________________________________________

Solid performance for Scana in 2009


* Turnover of NOK 2,267 million and an operating profit of NOK 201 million for
2009
* Turnover of NOK 491 million and an operating profit of NOK 22 million for
the fourth quarter
* Strong profitability within the Marine business area
* High level of bid tendering and good positioning in the Oil & Gas business
area
* The effect of implemented cost measures amounts to NOK 200 million
* The board proposes a dividend of NOK 0.30 per share


The operating profit was NOK 22 million for the fourth quarter, which
corresponds to an operating margin of 4%. Operating revenue totalled NOK 491
million in the fourth quarter, compared with NOK 797 million for the same period
last year. The results are marked by an awaiting international market. Good
operations and cost reductions contributed to positive results.

Operating revenue totalled NOK 2.3 billion in 2009, compared with NOK 2.9
billion in 2008. The operating profit was NOK 201 million, which corresponds to
an operating margin of 9%, and is better than the group anticipated in light of
weak international economic trends. Good collaboration with trade unions and low
absence due to illness (3.5%) have facilitated restructuring and contributed to
the solid performance.

Lower demand and strong pressure on prices are the most important reasons for
reduced sales revenues in the Steel business area. Turnover in Oil & Gas
reflects the fact that Scana has not had any major projects in 2009. The decline
in operating revenues in the Steel and Oil & Gas business sectors has been
compensated for to some extent by a high level of activity and good margins in
the Marine business area.

Net financial items were negative NOK 2 million in the fourth quarter and
positive NOK 117 million year to date. Temporary changes in the value of
currency contracts represented a gain of NOK 147 million year to date due to the
strengthening of the Norwegian krone (NOK) in 2009. Scana hedges all major
contracts denominated in a foreign currency. The change in the value of hedging
contracts must be recognised directly in the profit and loss account in
accordance with IFRS, but it cannot be realised and has no effect on liquidity.

The net order inflow was NOK 284 million in the fourth quarter and NOK 1,121
million year to date. The order reserve was NOK 856 million at the end of 2009.
There is a high level of bid tendering in several of Scana\'s market segments,
and the group anticipates an increased order inflow in 2010, especially in the
Oil & Gas business sector.

The closing price for shares in Scana was NOK 7.83 at the end of the fourth
quarter, up from NOK 7.50 at the end of the third quarter. This gives a market
capitalisation of NOK 1.31 billion for the group. In the fourth quarter, 4.3
million shares out of a total of 167 million outstanding shares were traded.
Scana holds 113,010 treasury shares. In 2009 Scana entered into a Market Maker
agreement with Oslo Børs to increase the liquidity of its shares and ensure
listing on the Oslo Børs Match list.

Steel

Operating revenue was NOK 279 million in the fourth quarter and NOK 1,354
million for 2009. This is a reduction of 47% and 32%, respectively, compared
with the corresponding periods in 2008. Operating profit for the fourth quarter
was NOK 5 million, which corresponds to an operating margin of 2%. The operating
profit was NOK 140 million for 2009, which corresponds to an operating margin of
10%. The decline in profit is due to continued low demand and strong pressure on
prices. Efficient operation and cost-saving measures implemented in the steel
companies curbs the decline in the operating profit.

The business area\'s net order inflow was NOK 155 million for the fourth quarter,
while the order reserve was NOK 440 million at the end of 2009. The combined
demand from steel companies was also weak in the fourth quarter. However, key
customers renewed their framework agreements with Scana towards the end of
2009, which ensures a continued good positioning in the market.

The investment programme that was implemented in 2009 and the cost-reducing
measures reduce the level of risk and streamline production. This will
strengthen Scana\'s competitive position when the market turns.

The scrap steel prices increased somewhat throughout the fourth quarter. Alloy
prices are also increasing. The steel companies have used extensive contractual
hedging on contracts to neutralise the effect of raw material price fluctuations
in order to safeguard their operating margins.

Marine

Operating revenue totalled NOK 172 million in the fourth quarter. Operating
revenue for 2009 totalled NOK 784 million, which is an increase of 23% compared
with 2008. The operating profit for the fourth quarter was NOK 34 million,
compared with NOK 31 million for the same period last year, which corresponds to
an operating margin of 20%. Scana has a high level of activity linked to ongoing
new projects and an increased level of activity in the service area.

The order inflow was NOK 95 million in the fourth quarter, and the order reserve
at the end of the year was NOK 388 million. Scana\'s marine companies have been
affected by cancellations only to a limited extent.

Oil & Gas

Operating revenue was NOK 48 million in the fourth quarter and NOK 156 million
for all of 2009. The operating loss of NOK 14 million reflects the fact that
Scana has not had any major projects in 2009, in addition to the fact that funds
have been used in connection with increased bid tendering and market
positioning. In addition, the level of maintenance and repair activity has been
affected by the postponement of the customers\' maintenance programmes.

The order inflow was NOK 34 million for the business area in the fourth quarter,
while the order reserve is at NOK 28 million.

Scana has strengthened its organisation through increased competence, creation
of new companies, and establishment of foreign offices. This has given Scana a
strong position, and the level of bid tendering for oil & gas projects has
increased significantly. The group expects that this initiative will increase
the order inflow from the first half of 2010 and gradually increase the level of
activity throughout the year.

Accounts

This interim report has been prepared in accordance with the standard for
interim financial reporting, IAS 34, and IFRS. The group classifies agio items
as financial items. The same accounting principles as in the annual accounts are
applied in the interim report.

Financial performance

The group\'s total turnover was NOK 491 million in the fourth quarter. The
reduction of 38% in relation to the same period in 2008 is attributed to the
generally lower demand in several of the group\'s market segments. The operating
profit of NOK 22 million corresponds to an operating margin of 4%. The net
financial items were negative NOK 2 million, compared with negative NOK 154
million for the fourth quarter in 2008. Temporary changes in value linked to
currency contracts represent a gain of NOK 150 million in 2009 due to the
strengthening of the Norwegian krone (NOK). Scana hedges all major contracts
denominated in a foreign currency. The change in value must be recognised
directly in the profit and loss account in accordance with IFRS, but it cannot
be realised and has no effect on liquidity.

The estimated taxes for 2009 amount to NOK 81 million, NOK 13 million of which
is tax payable. The change in deferred taxes was NOK 75 million. In addition,
tax and translation differences related to foreign tax have been charged against
equity. Scana has tax loss carryforwards in Norwegian companies that are used to
reduce the tax payable. The subsidiaries in Sweden, the US and China are in a
taxpaying position.

The earnings per share was NOK 0.10 for the fourth quarter and NOK 1.45 for
2009.

Cash flow

The operating profit before depreciation (EBITDA) was NOK 40 million, while the
tax paid totalled NOK 5 million. In addition, the working capital was reduced by
NOK 15 million. The cash flow from operations was thus positive NOK 54 million
in the fourth quarter.

Investment activities totalled NOK 35 million in the fourth quarter. The
financing activities include a downpayment of the part of the syndicated loan
facilities drawn in EUR of NOK equivalent 43 million while the group made new
drawings on the same syndicated loan facilities in SEK of NOK equivalent 26
million. Combined the net cash flow from financing activities was negative NOK
2 million.

The net cash flow for the group was accordingly NOK 16 million. The group\'s cash
and cash equivalents totalled NOK 140 million at the end of the fourth quarter.
The group also has satisfactory credit facilities that have not been used.

Balance sheet and capital position

The total balance sheet at the end of 2009 was NOK 1,982 million, which is a
reduction of NOK 266 million since the beginning of the year. The group\'s net
interest-bearing debt was NOK 355 million. Book equity of NOK 864 million
corresponds to NOK 5.20 per share and an equity ratio of 44%.

Financial instruments are valued at fair value. Changes in value that satisfy
the requirements for hedge accounting are recorded directly against equity. In
2009, such instruments had a negative change in value of NOK -0,4 million, which
entailed a corresponding change in the equity. Translation differences from
foreign subsidiaries and the elimination of agio related to the hedging of net
investments have reduced the net equity by NOK 74 million.

Outlook

Scana\'s main products are niche oriented, and they are leading products within
their market segments. After several years of turnover growth and higher
margins, this trend came to an end in 2009 due to a significantly weaker
international economy. Scana anticipates a continued weak market in the Marine
business area and a volatile, but gradually stronger, international market for
traditional industry. Scana\'s measures in the Oil & Gas business area are
expected to result in an increased order inflow from the first half of 2010 and
gradually increase the level of activity throughout the year.
In a longer term perspective a strong and modernised production capacity will
result in significantly higher turnover and earnings.

In the Steel business area, sales and marketing will be given the most
attention. In addition, the group is working continuously on improving the
ongoing operations. The investment projects in the Swedish steel companies
streamline the production, reduce risk and increase our capacity with respect to
strategically important customers. Within traditional industry the market is
still weak and volatile. Improvement is however registered in parts of the
segment. Within the Energy market segment demand is expected to increase. The
demand within the Marine market segment is expected to be low until 2011.

The economic downturn and few new contracts will reduce the level of activity
for Scana\'s marine companies in 2010. To consolidate its position as a good
collaboration partner for leading shipping companies and shipyards, Scana
attaches importance to quality and delivery reliability, as well as offering
total deliveries and more complete equipment groups. Scana has strengthened its
sales and marketing work and strengthened it positioning in emerging markets.
The initiative within service and after sales provide increased profitability.

In the Oil & Gas business area it is expected that the order inflow will
increase significantly in 2010. This will be as a result of the group\'s
structural measures and increased focus on the world\'s most active oil and gas
markets. This will have a positive effect for a number of Scana\'s companies in
2010 and the coming years.

Scana has implemented a number of measures to adapt its capacity and consumption
of resources to a weaker market. This includes stepping up the marketing and
sales efforts, restructuring the businesses, and substantial manpower and cost
reductions. The group has reduced manpower by around 300 full-time equivalents
through temporary and permanent measures. Scana has also strengthened its
measures to free up working capital and introduced a strict prioritisation of
its investment resources. These measures ensure a satisfactory liquidity
position and a strong balance sheet.



Board of Directors of Scana Industrier ASA
17 February 2010




This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1385582]





Delårsrapport 4Q09_eng: http://hugin.info/130/R/1385582/344263.pdf
11.02.10 09:16: Q4 AND PRELIMINARY 2009 RESULTS

Q4 AND PRELIMINARY 2009 RESULTS

-- All news types --

Scana Industrier ASA will present the 4th quarter and preliminary 2009 results
on Wednesday 17th February 2009 at 17:30 hrs at Radisson Hotel Atlantic Hotel in
Stavanger and on 18th February at 08:00 hrs at Hotel Continental, Oslo.

Frode Alhaug (Chairman of the Board), Rolf Roverud (CEO) and Christian Rugland
(CFO) will represent Scana at both meetings.

If you would like to attend any of the meetings, kindly notify Scana by phone
+4751869400 or e-mail tho@scana.no by Wednesday 17th February at 14:00 hrs.





Contact person:

Christian Rugland, CFO. Tel. +47 952 952 55, e-mail christian.rugland@scana.no.


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1383385]
12.01.10 09:34: Financial Calendar 2010

Financial Calendar 2010

-- All news types --

Scana Industrier ASA will publish its financial statements on the following
dates in 2010:

4th quarter results 2009 and preliminary annual results for 2009: 17th February
2010
1st quarter results 2010 and Annual General Meeting:  28th April 2010
2nd quarter results 2010:  11th August 2010
3rd quarter results 2010:  20st October 2010

Contact:

CFO Christian Rugland, tel +47 5186 9400 or +47 952 952 55, e-mail: cru@scana.no

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1372493]
18.12.09 08:36: Mandatory notification of trade

Mandatory notification of trade

-- All news types --

Jan Henry Melhus, Senior Vice President of Scana Industrier ASA, has on the
17(th) of December 2009 acquired 2 000 shares in Scana Industrier ASA at a price
of  NOK 7,30. Following this transaction Melhus owns 5 000 shares in Scana
Industrier ASA.

Contact person:
Christian Rugland, CFO, tlf. .+4751869400 or +47 952 952 55

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1364602]
Archive

Scana Industrier ASA

Printer-friendly versionScana Industrier ASA is a Nordic industrial group providing products and system solutions to four market segments: Marine, Oil & Gas, Energy and Steel & Machinery. Scana also provides service and laboratory services, in addition to maintenance and repairs for customers in the marine market and oil & gas. Scana’s technology, unique expertise in engineering materials and extensive production experience form the basis of our competitive power. Our aim is to be the preferred supplier for leading companies within our market segments. The majority of Scana’s customers are in Europe, the USA and South East Asia. The group has operational companies in Norway, Sweden, China, USA, Poland, Singapore, Brasil and South Korea, as well as associated companies in a number of countries. At the beginning of 2009, Scana had more than 1,900 employees. The head office is in Stavanger, Norway

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