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09 Jul 10: Rettet emisjon i TTS Group - Scana Industrier får 9,9%. (Publisert i Finansavisen 07 juli 2010).

09 Jul 10: M/S «NEGIN TIDE II» - crew/cargo katamaran fra Båtservice Mandal levert med styremaskin fra Scana Mar-El

Følg linken til artikkel om skipet i skipsrevyen.

 

 

07 Jun 10: Scana Steel Söderfors nyanställer tio CNC-operatörer. Satsning på axlar til energisektorn.

Anställningarna ingår i en satsning på axlar till energisektorn. – Vi behöver få in ny kompetens i företaget, säger vd Per Jarbelius.

10 May 10: M/S «NEGIN TIDE I» - Levert med styremaskin fra Scana MarEl

Crew supply katamaran fra Båtservice Mandal levert med styremaskin fra Scana MarEl.

10 May 10: M/S «HAVILA JUPITER» - Levert med reduksjonsgear fra Scana Volda AS

Havyard Leirvik AS leverte sitt byggenummer 100 til Havila Shipping ASA, Fosnavåg den 4. mars 2010. Skipet er levert med resuksjonsgear fra Scana Volda AS.

30 Apr 10: Webcast 1Q presentasjon (Norwegian)

29 Apr 10: Kontraktrush til Scana - Scanas datterselskap i Kina har fått flere ordre.

30 Mar 10: Kontrakter til Scana (www.oilinfo.no)

Scana Industrier har blitt tildelt kontrakter for leveranse av komponenter Brasil og Nordsjøen. Verdien er på 14 millioner kroner. Les artikkel på oilinfo.no

15 Mar 10: Kontrakt til Scana Volda - har fått dei største kontraktane på eitt år.

Scana Volda har signert kontrakt med Man Diesel SE i Tyskland, om levering av fire reduksjonsgir til skip som skal byggjast i Kina.

03 Mar 10: Scana-sjef: "Dette er et gjennombrudd". - Banebrytende kontrakt for Scana Subsea AB

Nyetablerte Scana Subsea AB har blitt tildelt intensjonskontrakt og instruksjon om å starte arbeidet med leveranse av ferdigmaskinerte smidde produksjonsstigerør til FMC, går det frem av en børsmelding.

More

Compelling stories

Video presentation of Scana Steel Leshan

Watch presentation here (english)

Events

24 Aug 10 08:00 - 27 Aug 10 16:00
ONS 2010 Stavanger - Hall D, 414
30 Aug 10 10:00 - 15:00
Rogaland på børs, Clarion Hotel Stavanger
01 Sep 10 08:00 - 16:00
Paretos olje og offshore konferanse
20 Oct 10 17:30 - 18:30
3rd quarter results 2010

Stock Exchange Notices

26.07.10 09:14: Change in financial calendar

Change in financial calendar

-- All news types --

As the results for second quarter and first half 2010 were published July
16\'th, the previously announced presentations on August 11-12\'th are cancelled.

For further information, please contact:
CFO Christian Rugland, tel. +47 952 952 55



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


[HUG#1433972]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE
16.07.10 18:01: Interim report for 1st half and 2nd quarter of 2010

Interim report for 1st half and 2nd quarter of 2010

-- All news types --

The board of Directors of Scana Industrier ASA has today approved the accounts
for 2Q/1H2010.

For further information, please contact:
CEO Rolf Roverud, tel. +47 911 67 581, or
CFO Christian Rugland, tel. +47 952 952 55, or
Chairman of the Board, Fode Alhaug, tel +47 906 44 875

___________________________________________________

Continued weak market - but with signs of improvement
   ·     Significantly better order inflow in the first half of the year
compared to the same period in 2009.
   ·     Decline in turnover and profit due to:
         o   Less optimal product mix with lower refinement ratio and reduced
prices
         o   Weaker Euro
   ·     A gradual improvement in product mix and increased order inflow are
expected to impact the result from the fourth quarter of 2010.

Operating revenue totalled NOK 878 million in the first half of 2010, compared
with NOK 1,319 for the same period last year. The operating profit was minus NOK
10 million, compared with NOK 141 million in the first half of 2009.

Operating revenue totalled NOK 448 million for the second quarter, compared with
NOK 618 million for the same period last year. The operating profit was minus
NOK 11 million. Operating revenue and profits are impacted by a less optimal
product mix with lower refinement ratio and reduced prices, as well as a weaker
Euro. Cost reductions implemented, significantly limit the negative consequences
and the results at the end of the quarter have been positive. The product mix is
expected to be gradually improved during the second half of the year and the
group expects continued improvement in order inflow. This is expected to affect
the results toward the end of 2010 and in 2011.


In the Steel business area, the steel & machinery segment shows improved demand,
 though at reduced prices. This segment also gives a significantly lower
refinement ratio for Scana than the marine and energy segments. The demand in
the energy and marine market segments is still weak, but improvements are
expected within the energy segment during the second half of the year. In the
first half of 2010 Scana has strengthened its position significantly towards
world leading customers within the marine segment. The effects thereof will be
seen once the market turns.

Access to new orders in the Marine business area is still limited; the business
area is however delivering good results due to solid order reserves and
extensive cost reductions. There is a good level of activity in service and
after sales services and increased tendering activity for "new sales".

The Oil & Gas business area is still characterised by few major projects. Scana
expects an increase in order inflow in the second half of the year which will in
turn increase profitability from the end of the year. Activities linked to
sales, offers and negotiations are taking somewhat longer than expected and has
impacted the operating profit.

Net financial items total minus NOK 7 million in the second quarter as a result
of a temporary changes in value linked to currency contracts.

Net order inflow was NOK 414 million in the second quarter. The tendering
activity is higher in all of Scana\'s market segments compared with the same
period last year.

The closing price for shares in Scana was NOK 7.90 at the end of the second
quarter, up from NOK 7.83 at the end of the fourth quarter. This gives a market
value for the group of NOK 1.3 billion. In the second quarter, 3.1 million
shares out of a total of 167 million outstanding shares were traded. Scana\'s
holding of own shares is 113 010. Scana has a Market Maker agreement in order to
increase the liquidity of its shares and ensure listing on the Oslo Børs Match
list.



Steel

Operating revenue totalled NOK 278 million in the second quarter. The operating
profit was minus NOK 14 million, which corresponds to an operating margin of
-5%. The profit is impacted by a higher proportion of orders in the steel &
machinery segment. These have significantly lower refinement ratios and a low
margin, but are performed on short contracts in anticipation of an increase in
activity in the marine and energy segments.

The price of raw materials has increased in the second quarter without it being
possible to reflect this in the prices to our customers. This impacts the
profitability of our Steel companies. A gradually improved product mix,
increased refinement ratio and improved prices are expected to increase
profitability from the fourth quarter.

The steel companies\' cost-saving measures and ongoing work to streamline
processes serves to position Scana for growth and increased profitability once
the customers in the energy and marine segments increase their activity.

The business area\'s net order inflow was NOK 285 million for the second quarter,
up from NOK 255 million in the first quarter. The order reserve totals NOK 453
million.



Marine

Operating revenue totalled NOK 140 million in the second quarter. The operating
profit was NOK 23 million, which corresponds to an operating margin of 16%. The
reduction in operating revenue is due to the gradual decline in activity as a
result of completion of projects and lower activities in the Marine segment
globally. The high operating margin is due to good order reserve and significant
cost reductions as well as the activity in the service and after-sales market
contributing positively.

Cost-reduction measures that are and will be implemented will serve to
strengthen Scana\'s competitive position.

The order inflow was NOK 83 million in the second quarter, and the order reserve
totalled NOK 272 million. The order inflow is helping to maintain a satisfactory
level of activity in 2010.



Oil & Gas

Operating revenue was NOK 45 million in the second quarter operating profit was
minus NOK 9 million. This is due to continued low activity in service and
maintenance, and because Scana had few major projects in the quarter. In
addition, activity in sales, offers and negotiations have been subject to
revised schedules. Scana has recorded costs in the P&L relating to in
development-, sales- and tendering activities.

In the short term the oil blowout in the Gulf of Mexico has resulted in lower
activity for Scana\'s Houston business. However, in the long term the incident is
expected to bring about changes in the regime which will serve to strengthen
Scana\'s opportunities in the area. The group has initiated measures to increase
the activity in the region from the end of 2010.

The order inflow was NOK 46 million for the business area in the second quarter,
while the order reserve is NOK 111 million. Scana\'s activity within maintenance
and modifications to the North Sea has increased somewhat throughout the second
quarter. In addition, Scana has entered into contracts for production of marine
risers and couplings which confirms the company\'s strong competitive position in
the area. This development is expected to continue in the second half of the
year.



Accounts

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



Financial performance

The group\'s total turnover was NOK 448 in the second quarter. The decline from
the same period in 2009 is explained by lower activity, less optimal product mix
and a weaker Euro. The operating profit was minus NOK 11 million. Net financial
items totalled minus NOK 7 million, compared with NOK 4 million in the second
quarter of 2009. Temporary changes in value linked to currency contracts
represent a loss of NOK 9 million in the second quarter. Scana hedges all major
contracts in foreign currency. The change in value must be entered directly in
the profit and loss account against finance in accordance with IFRS, but cannot
be realised and has no effect on liquidity.

A weaker Euro has a negative impact on Scana\'s turnover and operating profit.
The operating profit for the second quarter of 2010 is impacted by minus 12 mill
kr compared to the Euro level in the corresponding period in 2009.

The estimated tax for the second quarter is minus NOK 5 million, which is 30% of
the profit before tax. Scana has used a tax loss carry forward in Norway to
reduce the tax payable.

Financial instruments are valued at fair value. Changes in value that satisfy
requirements for hedge accounting are recorded against the total result. In the
second quarter, such instruments had a rise in value of NOK 2 million. Hedging
of net investments and translation differences from foreign subsidiaries has
changed the profit before tax by NOK -2 million and NOK 24 million respectively.

The earnings per share was NOK -0.08 for the second quarter 2010.



Cash flow

Net cash flow from operational activities amounted to NOK 55 million in the
second quarter. The reduction in working capital accounts for NOK 37 million of
this amount.

Activated costs and investments in fixed assets totalled NOK 21 million. Net
cash flow from funding activities was NOK -1 million, of which dividends
amounted to NOK 57 million. In the period, NOK 80 million was drawn in long-term
and short-term debt. Additionally long-term and short-term debt totalling NOK
25 million was repaid.

Net cash flow in the second quarter was accordingly NOK 33 million. The group\'s
cash and cash equivalents totalled NOK 175 million at the end of the second
quarter. In addition, the group has a satisfactory level of unused credit
facilities.



Balance sheet and capital position
Scana has a healthy financial position, with a low level of debt. The debt ratio
is 0.6. The total balance at the end of the second quarter 2010 was NOK 1,984
million; a reduction of NOK 85 million from the same period in 2009. The group\'s
net interest-bearing debt was NOK 344 million. Book equity of NOK 832 million
corresponds to NOK 4.97 per share and an equity ratio of 42%.



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 was reversed in 2009 due to a significantly weaker
international economy.

The energy market segment is expected to show positive development for Scana
during the rest of 2010 and in 2011. The same applies to the steel and machinery
segment. The marine segment is expected to remain weak in 2010 and 2011.

The products Scana supplies within steel are of very high quality. The activity
level in terms of deliveries to steel and machinery customers is high, but
characterised by price pressure and low refinement ratio for Scana. Scana is
only entering into short-term contracts when prices are low, both because prices
are expected to increase and because Scana wants flexibility to meet the
increased activity in the Energy segment during second half of 2010. This
production gives high refinement ratio. Demand in the Marine segment is expected
to remain low in 2010 and 2011. In the first half of 2010 Scana has focused on
strengthening its position by world leading customers. Increased levels of
completed projects and more complete project responsibility on Scana\'s side are
expected to have an effect for customers and Scana once the market turns.

Few new contracts results in a reduced level of activity for Scana\'s Marine
segment. Scana has strengthened its sales and marketing work, and is increasing
its presence in emerging markets. In recent years, the focus on service and
after sales is leading to increased turnover and having positive effects on the
result. Scana expects this development to continue. Scana will also strengthen
production management and optimise production in the Marine business.

Scana has developed several advanced products and systems in the Oil & Gas area
in recent years that have created interest among leading international players.
Multi-disciplinary training, extensive expertise within materials technology and
the capability for in-house production of special components mean substantial
future potential. The order inflow is expected to increase considerably in 2010
as a result of the group\'s increased focus on risers and subsea components in
the world\'s most active oil and gas markets. The founding of Scana Subsea
simplifies the customers\' business processes for specialised equipment, and
provides Scana with considerable business opportunities on a global basis. Scana
expects an increase in order inflow in the second half of 2010 compared to the
first half. A gradual upturn is expected in the FPSO market through to 2013.
Scana is dependent on larger projects to achieve satisfactory results in this
business area.

Scana has implemented extensive measures to adapt its capacity and consumption
of resources to a lower demand and reduced prices. In addition Scana has also
freed up working capital and introduced a strict control of its operational and
investment resources. The measures enable the group to ensure a good level of
liquidity and a healthy balance sheet. The market conditions combined with the
summer closing of steel companies for periodic maintenance, is expected to
result in a negative operating result for third quarter. A positive result is
expected thereafter.

In addition to focusing on the best possible daily operations, Scana is also
working on strategic measures to strengthen the group\'s size and position. This
work will continue in 2010. Acquiring 9.9 percent of the shares in TTS Group ASA
in early July, is a part of this initiative. Other business opportunities will
be discussed with TTS Group.



Board of directors in Scana Industrier ASA
16 July 2010

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


[HUG#1432310]





interinm report 2Q 2010: http://hugin.info/130/R/1432310/378526.pdf



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE
06.07.10 08:48: SCI: Agreement regarding a directed issue of 9.9% of the shares in TTS Group

SCI: Agreement regarding a directed issue of 9.9% of the shares in TTS Group

-- All news types --

Reference is made to the press-release sent 5 July 2010 and today regarding RS
Platou Markets AS\' order to purchase up to 10% of the shares in TTS Group ASA.

TTS Group has entered into an agreement with Scana Industrier ASA to issue
6,722,920 shares in TTS Group ASA at a price of NOK 6.30 per share, constituting
9.9% of the share capital in TTS Group through a private placement of shares.

RS Platou Markets AS acted as sole advisor in the transaction.

As a consequence of the purchase, Scana Industrier ASA will own 9.9% of the
share capital in TTS Group.

The issuance of shares to Scana Industrier ASA will be made by TTS Group\'s board
pursuant to authorization granted by the company\'s general meeting held on 3
June 2010 and is expected to be completed within the end of this week.

For further information, please contact:

Christian Rugland, CFO Scana Industrier ASA, tel. +47 952 952 55  (cru@scana.no)

Rolf Roverud, CEO Scana Industrier ASA, tel. +47 911 67 581   (rro@scana.no)

Frode Alhaug, Chairman Scana Industrier ASA, tel. +47 906 44 875

Johannes D. Neteland, President & CEO TTS Group ASA, tel. +47 918 46 906

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


[HUG#1429751]








This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
All reproduction for further distribution is prohibited.

Source: Scana Industrier asa via Thomson Reuters ONE
30.04.10 08:05: Mandatory notification of trade

Mandatory notification of trade

-- All news types --

Mr. Rolf Roverud, Group Chief Executive of Scana Industrier ASA, has on April
29th 2010 acquired 11,000 shares in Scana Industrier ASA at a price of NOK 8,74.

Following this transaction mr. Roverud owns 211,716 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#1410312]
29.04.10 09:15: Share option program for senior management approved by the AGM 2010

Share option program for senior management approved by the AGM 2010

-- All news types --

In agreement with the Board\'s proposal, the Board was authorized by the annual
general meeting (AGM) on April 28\'th 2010 to distribute up to 2,5 million share
options free of consideration under a new  option program for senior management.

 The Board\'s allocation of options will at any given time be made in accordance
with existing authorisations granted by the AGM and within the principles of the
share option programme as described in the  company guidelines on the setting of
salaries and other remuneration for the general manager and other senior
management.



These guidelines are included in note 10 to the annual accounts for 2009, and
can be downloaded from www.scana.no .



The program has a duration of  3 years with annual allocation at the date of the
annual general meeting in 2010, 2011 and 2012, being the respective issue dates.
The issue price shall be equal to the market price on the issue dates.



The following primary insiders in Scana Industrier ASA are assigned options
under the program:



Rolf Roverud:                      70 000 options annually fo r 3 years

Christian Rugland:              35 000 options annually fo r 3 years

Jan Henry Melhus:              35 000 options annually fo r 3 years

Per Ravnestad:                    35 000 options annually fo r 3 years



The remaining senior management that has been allocated options under the
program are not covered by the regulations to notify trade in the Scana share on
Oslo stock exchange.



For further information please contact:

Christian Rugland, CFO, tel. +47 952 952 55



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


[HUG#1409841]
28.04.10 20:12: Minutes from ordinary general meeting April 28\'th 2010

Minutes from ordinary general meeting April 28\'th 2010

-- All news types --

Please find attached minutes from the ordinary general meeting in Scana
Industrier ASA that was conducted April 28th 2010.

47,8% of the shareholders were represented at the meeting in person or by power
of attorney. Item 13 was decided by 99,9% of the represented votes. All other
matters were decided unanimously in accordance with the board\'s recommendation.

For further information, please contact

Christian Rugland, CFO, tel. +47 952 952 55
Frode Alhaug, Chairman of the board, tel. +47 906 44 875

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


[HUG#1409637]





Minutes from AGM 2010: http://hugin.info/130/R/1409637/362132.pdf
28.04.10 18:33: Contract Award for Scana in China

Contract Award for Scana in China

-- All news types --

Scana Leshan Machinery Ltd. in China, a subsidiary of Scana Industrier ASA, has
taken several orders for delivery of cast steel, rolls & sleeves:



·         To China Construction Engineering Bureau in Shanghai Scana shall
deliver construction nodes for a new exhibition center. This contract is worth
15.7 mill RMB. Scana has a strong competitive position within cast steel nodes
for buildings and infrastructure projects across China. Scana also provided
nodes for the Bird\'s Nest National Stadium in Beijing where the opening ceremony
at the 2008 Olympics took place.



·         The Bao Tao Steel Group has awarded Leshan Scana a 9.1 mill RMB order
for rolls for the manufacturing of train tracks and profile steel beams. China
will upgrade its rail system and infrastructure as a stimulus measure aimed at
reducing the impact of the global financial crisis. Scana is a leading producer
of rolls and sleeves for such products and Bao Tao has been a major customer to
the company for many years.



·         Various steel mills have placed orders of approximately 17.8 million
RMB of various types of arbours, rolls and sleeves. These orders are repetitive
orders of ongoing deliveries with these customers.



Leshan Scana has managed to maintain adequate levels of sales and adequate
returns so far in 2010 given pressure on prices and weaker demand.



Scana has achieved a strong competitive position in China and Leshan Scana is
now focusing on developing international quality standards and high production
efficiency. This will be achieved through western expertise in combination with
motivated and talented locals.





For further information, please contact:



Mr Rolf Roverud, CEO of Scana Industrier ASA, tel. +47 911 67581

Mr Christian Rugland, CFO of Scana Industrier ASA, tel. +47 952 952 55

Mr. Leif Ness, MD Leshan Scana Machinery Ltd., tel. +86 138 8137 9997



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


[HUG#1409503]
28.04.10 18:30: Increased order inflow for Scana

Increased order inflow for Scana

-- All news types --

The board of Directors of Scana Industrier ASA has today approved the accounts
for 1Q 2010 (attached).



A presentation of the business and accounts was done April 28\'th in Stavanger
and will be given April 29\'th at 07:30 hrs at Hotel Continental in Oslo.

A web-cast of the presentation (Norwegian) and the presentation material
(Norwegian / English) can be accessed at www.scana.no by the end of Friday.



For further information, please contact:



CEO Rolf Roverud, tel. +47 911 67 581, or

CFO Christian Rugland, tel. +47 952 952 55.

____________________________________________________________

Increased order inflow for Scana



·         Increased order inflow and increased  tendering activity in all market
segments.

·         Positive operating profit despite reduced turnover.

·         Strong profitability within the Marine business area.

·         Increased activity but strong price pressure within the Steel business
area.

·         Important contracts and major potential in the Oil & Gas business
area.

·         Improved order inflow and gradually better prices are expected to
increase activity and profitability from the fourth quarter of 2010.


Operating revenue totalled NOK 430 million in the first quarter, compared with
NOK 702 for the same period last year. The operating profit was NOK 1 million.
The operating revenue and result are characterised by lower activity and
considerable price pressure. Implemented cost measures contributed to a
profitable operation. The first quarter shows a break in the trend related to
tendering activity and order inflow, which will affect the result in 2010 and
2011.

Within the Steel business area there is still a limited demand within the energy
and marine segments. The demand is increasing within the steel- and machinery
segment. This has increased activity though at pressured prices. The downward
trend has turned and two of the companies within the Steel business area are
increasing from two to three shifts. The operating revenue and result in the Oil
& Gas business area reflect the fact that Scana does not have any major projects
and that activities related to sales, tendering and negotiations have reduced
the operating profit. The Marine business area continues to have a number of
ongoing new sales projects and a good level of activity within service and after
sales.

Net financial items were NOK 6 million in the first quarter as a result of a
positive change in value of forward contracts.

The net order inflow was NOK 434 million in the first quarter, which is
considerably higher than the last three quarters. The tendering activity has
increased in all of Scana\'s market segments.

The closing price for shares in Scana was NOK 8.00 at the end of the first
quarter, up from NOK 7.83 at the end of the fourth quarter. This gives a market
value for the group of NOK 1.34 billion. In the first quarter, 4.5 million
shares out of a total of 167 million outstanding shares were traded. Scana\'s
holding of own shares is 113 010. Scana has a Market Maker agreement in order to
increase the liquidity of its shares and ensure listing on the Oslo Børs Match
list.

Steel

Operating revenue totalled NOK 275 million in the first quarter. The operating
profit was NOK 6 million, which corresponds to an operating margin of 2%. The
result is characterised by reduced activity and considerable price pressure. A
high level of tendering activity, improved order inflow and activity growth
towards the end of the quarter nevertheless indicates a gradually stronger
market. Key customers have renewed their framework agreements with Scana for
2010.

The steel companies\' cost-saving measures and ongoing work to streamline
processes are contributing to ensuring a profitable operation and positioning
Scana for growth.

The business area\'s net order inflow was NOK 278 million for the first quarter,
up from NOK 155 million in the fourth quarter of 2009. The order reserve was NOK
444 million.

The scrap steel prices increased somewhat throughout the first quarter. Alloy
prices are also increasing. In order to safeguard our operating margins, the
steel companies have, to a large extent, used contractual hedging to neutralize
the effect of raw material price fluctuations.

Marine

Operating revenue totalled NOK 132 million in the first quarter. The operating
profit was NOK 12 million, which corresponds to an operating margin of 9%. The
reduction in operating revenue from 2009 is due to the completion of projects
and reduced new sales. Scana is increasing the activity within service and after
sales services.

The order inflow was NOK 80 million in the first quarter, and the order reserve
is NOK 319 million. The order inflow contributes to maintaining a satisfactory
level of activity in 2010.

Oil & Gas

The operating revenue was NOK 31 million in the first quarter. The operating
result is NOK -11 million following low activity within service and maintenance,
and the fact that Scana had no major development projects in the quarter. In
addition, Scana has carried costs relating to development-, sales- and tendering
activities in the P&L.

The order inflow was NOK 99 million for the business area in the first quarter,
while the order reserve is NOK 97 million. Scana entered into a contract with
FMC for deliveries of risers to the Snorre platform in the North Sea. The group
is well positioned for other similar deliveries on a global basis.

Scana has strengthened its expertise in the basic organization and foreign
offices. This has lead to proximity to the customers and a considerable increase
in the level of tendering activity for oil & gas projects.

Accounts

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

Financial performance

The group\'s total turnover was NOK 430 million in the first quarter. The
reduction from the same period in 2009 is attributed to  lower demand and
considerable price pressure in the group\'s market segments. The operating profit
was NOK 1 million. Net financial items totaled NOK 6 million, compared with NOK
70 million in the first quarter of 2009. Temporary changes in value linked to
currency contracts represent a gain of NOK 5 million in 2010. Scana hedges all
major contracts in foreign currency. The change in value must be entered
directly in the profit and loss account against finance in accordance with IFRS,
but cannot be realized and has no effect on liquidity.

The estimated tax for the first quarter is NOK 1 million, which is 19% of the
result before tax. The group\'s result before tax is, to a large extent, related
to the activity in China. Scana has used a tax loss carry forward in Norway to
reduce the tax payable.

Financial instruments are valued at fair value. Changes in value that satisfy
requirements for hedge accounting are recorded against the total comprehensive
income. In the first quarter, such instruments had a fall in value of NOK 5
million. Translation differences from foreign subsidiaries and the elimination
of agio related to the hedging of net investments have changed the total
comprehensive income by NOK -6 million and NOK 12 million respectively.

The earnings per share was NOK 0.02 for the first quarter 2010.

Cash flow

The operating profit was NOK 1 million after depreciation totaling NOK 17
million. Net cash flow from operational activities was NOK 68 million in the
first quarter, of which the reduction in working capital totaled NOK 49 million.

Activated costs and investments in fixed assets totaled NOK 11 million, net
after proceeds from  sale of fixed assets. Net cash flow from financing
activities is negative, at NOK 59 million, of which NOK 13 million is
installments on long-term loans and NOK 41 million is reduced utilization of
long-term credit facilities. Current liabilities were reduced by NOK 3 million.
The net cash flow was accordingly NOK -2 million. The group\'s cash and cash
equivalents totaled NOK 140 million at the end of the first quarter. In
addition, the group has a satisfactory level of unused credit facilities.

Balance sheet and capital position

Scana has a healthy financial position, with a low level of debt. The total
balance sheet at the end of the first quarter 2010 was NOK 1 925 million; a
reduction of NOK 201 million from the same period in 2009. The group\'s net
interest-bearing debt was NOK 311 million. Book equity of NOK 880 million
corresponds to NOK 5.27 per share and an equity ratio of 46%.

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 was reversed 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, market for traditional
industry. Scana\'s measures within the Oil & Gas business area are expected to
result in a significant increase in the order inflow from the first half of
2010 and gradually increase the level of activity throughout the year. In the
longer term perspective, a strong and modernized production capacity, combined
with activity growth and somewhat better prices, will result in significantly
increased turnover and earnings for Scana.

The products Scana supply within the Steel business area has a very high steel
grade. Deliveries to customers within steel and machinery have increased
considerably and are expected to maintain at a satisfactorily level. Scana
enters into short-term contracts when the prices are low, since the prices are
gradually expected to increase. Scana expects gradually increased activity
within the energy segment. Within the marine segment demand is expected to be
low until 2011.

The economic downturn and continued low number of new contracts will result in a
reduction in activity in Scana\'s marine companies in 2010. Scana has
strengthened the sales and marketing work, and is strengthening its positions in
emerging markets. The focus on service and after sales increase turnover and has
a positive effect on the result.

The group has developed several advanced products and systems in the Oil & Gas
area in recent years that have created interest. Multi-disciplinary training,
extensive expertise within materials technology and the capability for in-house
production of special components mean substantial future potential both for
existing niche products and for products under development. The order inflow is
expected to increase considerably in 2010 as a result of the group\'s structural
measures and increased focus on the world\'s most active oil and gas markets. The
founding of Scana Subsea will simplify the customers\' business process linked to
specialized equipment, and provide Scana with considerable business
opportunities on a global basis. In addition, new business in Brazil will mean
major growth potential for the company in a growing market. Profitability within
Oil and Gas is dependent on Scana being awarded major projects to achieve a
satisfactory result.

Scana\'s  implemented measures to adapt its capacity and consumption of resources
to a lower demand and the effect of increased price pressure, has an annual
effect of NOK 200 million. Scana has released working capital and introduced a
strict prioritization of its investment resources. This enables the group to
ensure a satisfactory level of liquidity and a strong balance sheet.





Board of directors in Scana Industrier ASA

28 April 2010


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


[HUG#1409439]





SCI 1Q 2010_eng: http://hugin.info/130/R/1409439/361981.pdf
27.04.10 13:59: Presentation of 1Q results.

Presentation of 1Q results.

-- All news types --

Scana Industrier ASA will present the 1st quarter 2010 results following the
annual general meeting on Wednesday April 28\'th 2010 at 17:30 hrs at Radisson
Atlantic Hotel in Stavanger.

The presentation will also be given on April 29\'th at 07:30 hrs at Hotel
Continental, Oslo.

Contact person:

Christian Rugland, CFO. tel. 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#1408718]
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