Solid foundation for further expansion.
The second quarter of 2026 has been marked by a further escalation of the geopolitical situation in the Middle East. The conflicts in the region remind us of how vulnerable global supply chains remain, and how quickly uncertainty can spread to energy, commodity and industrial markets worldwide. For Europe, the developments underscore once again how crucial a stable supply of energy is for both industrial competitiveness and societal resilience.
For TS Group, this underlines the importance of the role our employees and clients play in critical energy and industrial value chains.
At the same time, the development of TS Group continues at a rapid pace. If 2024 and the first half of 2025 were about strong growth, 2025 was the year in which the group went from being a company in strong development to becoming a business with clear scale, structure and execution capabilities. The growth has been significant, but more importantly: it has been controlled, profitable and rooted in clear strategic choices.
To prepare the group for the next phase of development, we are currently rolling out a group-wide management and organizational development program (LOU). The program includes top management, middle management, operational management and administration across staff and lines. LOU is structured as an agile "on-the-job-training" program, built on the recognition that what you want to become good at, you also have to practice. Management is also a subject that requires continuous development, reflection and practice.
The goal is not more bureaucracy or more processes. The purpose is to strengthen the group's collective execution ability and make TS Group better equipped for further growth. In its simplest form, this is about living by our three unwavering rules; Rule number 1 is that our clients should experience that the value of our services is higher than the price they pay. Rule number 2 is that we should make more money than we spend – every day. Rule number 3 is that there are no more rules.
Behind this lies a simple realization: Organizations are not made strong through complexity, but through clarity. When the goal is clear, responsibilities are clearly placed and competent people are given room to act, results are created that make a difference.
All Bergen residents know that you don't follow Brann only when the team wins. The strongest communities are built over time – even when results fail and adversity strikes. This is also the case in business. Businesses with lasting value are not characterized by their success every quarter, but by their ability to stay the course through both good and more challenging periods.
At TS Group, we have been privileged to experience strong growth over a long period. At the same time, we know that the markets we operate in are cyclical, and that long-term value creation requires discipline, execution and an organization that never stops learning. That is why we invest in people, expertise and leadership – and that is why we enter the second half of the year with both humility and optimism.
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TS Group provides industrial services within staffing, training and mechanical maintenance to the offshore and onshore industry. We have long-term and predictable contracts and work closely with the leading players in the energy, oil and gas, renewable and process industries throughout Norway.
