| | | | | | MNOK |
| INDUSTRY | Q2 2009 | Q2 2008 | At 30 June 2009 | At 30 June 2008 | 2008 | 2007 |
| Operating revenues | 876.2 | 981.6 | 1 151.1 | 1 369.1 | 3 292.6 | 2 906.9 |
| Operating expenses | -764.8 | -878.0 | -1 160.4 | -1 339.2 | -3 030.0 | -2 637.6 |
| Depreciation | -38.7 | -36.5 | -78.1 | -72.8 | -152.6 | -118.7 |
| Operating profit (EBIT) | 72.7 | 67.1 | -87.4 | -42.9 | 110.0 | 150.6 |
Share of profit associated
companies and | - | 30.4 | -5.6 | 34.9 | 41.7 | 19.8 |
| Net financial items | -9.1 | -29.7 | -23.0 | -42.8 | -83.6 | -40.3 |
| Earnings before tax (EBT) | 63.6 | 67.8 | -116.0 | -50.8 | 68.1 | 130.1 |
| Total assets business area | 1 999.1 | 2 096.2 | 1 999.1 | 2 096.2 | 1 815.6 | 1 569.1 |
The division had a total turnover for the second quarter of
MNOK 876 (MNOK 982 for the second quarter of 2008), and earnings before tax were MNOK 63.6 (MNOK 67.8). The reason for the decrease in turnover compared to 2008, is that the demolition/plant contracting operations have been transferred to Veidekke Entreprenør.
The quarter was characterised by a high level of activity in all business areas. Demand in the various areas of activity showed a significantly more positive development than in the first quarter. In the second quarter, the asphalt volume reached the same level as in 2008, and a high level of production and good exploitation of resources has contributed positively to the results. Volumes within crushed stone and gravel were satisfactory in the second quarter, and on a level with 2008. A similar development was seen in recycling, which also had large volumes this quarter. In road maintenance, results were slightly up compared to 2008, but earnings are still unsatisfactory.
The division is expected to maintain a high level of activity in the coming quarter. However, there is still a great deal of uncertainty attached to the future market development, particularly concerning the extent of the decline in private demand for the year as a whole.
