Through the development of our partnerships with leading players in target markets, Hexagon Composites has further extended its geographic footprint to facilitate organic growth. Having made significant strategic moves in 2016, our priority is to ensure the optimal integration of the new businesses, with an emphasis on the realization of synergies.
For the year 2016 Group operating income decreased to NOK 1,220.5 (1,443.9) million. Operating profit before depreciation (EBITDA) was NOK 374.9 (100.1) million. Operating profit (EBIT) was NOK 299.3 (37.5) million. Profit before tax was NOK 311.9 (0.3) million.