| | | | | | MNOK |
| Industry | Q3 2009 | Q3 2008 | At 30 Sep. 2009 | At 30 Sep. 2008 | 2008 | 2007 |
| Operating revenues | 1 062.4 | 1 204.4 | 2 213.5 | 2 573.5 | 3 292.6 | 2 906.9 |
| Operating expenses | -915.5 | -1 016.1 | -2 075.9 | -2 355.3 | -3 030.0 | -2 637.6 |
| Depreciation | -37.5 | -39.3 | -115.6 | -112.1 | -152.6 | -118.7 |
| Operating profit (EBIT) | 109.4 | 149.0 | 22.0 | 106.1 | 110.0 | 150.6 |
Share of profit associated
companies and | 12.7 | 8.3 | 7.1 | 43.2 | 41.7 | 19.8 |
| Net financial items | -7.6 | -9.9 | -30.6 | -52.7 | -83.6 | -40.3 |
| Earnings before tax (EBT) | 114.5 | 147.4 | -1.5 | 96.6 | 68.1 | 130.1 |
| Total assets business area | 2 124.6 | 2 270.1 | 2 124.6 | 2 270.1 | 1 815.6 | 1 569.1 |
The Norwegian Industry Division’s operations are nation-wide and its business areas are asphalt, crushed stone and gravel, road maintenance and recycling of industrial waste. In Sweden, Veidekke has operations within the areas of asphalt, crushed stone and gravel, but at present, these activities are very limited.
The operations’ total turnover for the third quarter amounted to MNOK 1,062 (MNOK 1,204), which gave earnings before tax of MNOK 114.5 (MNOK 147.4). The reason for the decrease in turnover compared to 2008 is that the demolition/plant contracting operations have been transferred to Veidekke Entreprenør.
The third quarter drop in profit compared to 2008 is mainly linked with allocations made for future losses on contracts within road maintenance, amounting to MNOK 34. The allocations are for the main part related to a deterioration in previously downward adjusted contracts.
The quarter was characterised by a high level of activity within all business areas. At the end of the third quarter, the production volume within asphalt was on a level with 2008. A high level of production and good exploitation of resources have contributed to maintaining the same earnings as the year before.
Crushed stone and gravel also managed to achieve the same production level for the third quarter as for the previous year, following a decline in volumes during the first months of the year. The operations are showing satisfactory results.
Recycling had a somewhat lower third quarter production volume and result than for the third quarter of 2008.
