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2016-11-15

TTS Group ASA: Financial statement Q3 2016

Please find attached financial statement for TTS Group ASA Q3 2016. Highlights are: * Strong 3rdquarter order intake, increased 23% from last quarter and 30%
from 3rdquarter 2015
* 3rdquarter turnover reduced 8% from 2015, particularly due to reduced
activity in the offshore sector
* Continued improvement in underlying operations, with an EBITDA year to date
of MNOK 100, compared to MNOK 42 in the same period 2015
* Good visibility for 2016 turnover

Bergen, 15 November 2016
TTS Group ASA
Tel.: +47 55 94 74 00
http://www.ttsgroup.com
Contact persons:

Toril Eidesvik
CEO
M: +47 900 78 218
Henrik Solberg-Johansen

CFO
M: +47 982 06 438
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

TTS Interim report_Q3_2016
http://hugin.info/143957/R/2056930/770534.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: TTS Group ASA via Globenewswire

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