Shipping technology group is expecting better marine markets this year following a dip in fourth quarter profit.

The ship systems maker said net earnings were down to EUR 167m ($207.8m) in the final three months of 2017, from EUR 172m a year ago.

Revenue was 7% lower at EUR 1.44bn, while order intake increased 14% to EUR 1.51bn.

The Marine Solutions division was described as "solid", with sentiment improving, but the sector "remains challenging due to overcapacity and lack of financing."