Fischer Group News

Revenue increased by 16%, reflecting OE volume from improvement in the Offshore sector, services growth in Offshore and Naval and foreign exchange benefits. However profit decreased by 8% due to adverse revenue mix, pricing pressures and warranty charges, partially offset by cost reduction and favourable foreign exchange. The order book increased 10% including an order intake of £1.7bn (£2.2bn in H1 2012). The decrease in new orders primarily reflects the UK Ministry of Defence £1.1bn order for submarine reactor core capability in H1 2012…

Rolls-Royce contracted by Aliança S/A Industria Naval e Empresa de Navegacao, a subsidiary of Fischer Group, and Brazilian shipowner Asgaard Navegação S.A for the design and delivery of equipment to two offshore vessels for Asgaard. The contract value is about £11million to Rolls-Royce. The two vessels are Oil Spill Response Vessels (OSRV), type UT 535 E, with systems designed to prevent damage from oil spills. They have the capacity to transfer recovered oil for proper onshore disposal.