Another good year in DESMI
The net revenue for DESMI of 2020 was in total DKK 1,296 billion, EBITDA amounts to DKK 184,5 million, and with a profit before tax of DKK 157,2 million this is the second-best annual result ever in the 186 years of DESMI history.
“Despite the Covid-19 challenges and oil price fluctuations plus a cyber-attack that affected IT-systems and operations at DESMI, we are happy to announce another satisfying result”, says Group CEO Henrik Sørensen.
DESMI is gaining market shares, and there is a strong belief in the future.
“We have kept our strategic focus despite various obstacles”, continues Henrik Sørensen, “and we are looking at several opportunities for further growth within all our market segments”.
In 2020, the DESMI Group established DESMI DeServe A/S, a 24/7 global service organization handling spare parts and global service directly or with assistance from DESMI entities around the world.
“We are currently seeing the order intake developing positively month by month within most areas of the group, and even though it might be tough and difficult to navigate under these “unnormal” circumstances in relation to Covid-19, we see lots of progressing and growth in all business areas”, says Henrik Sørensen.
DESMI continues its focus on sustainable and environmental solutions. Within Ballast Water Management Systems (BWMS), the business has grown extremely quickly, and the sales figures are progressing, and market shares are gained day by day, especially within the Marine segment.
“We want to take part in creating a positive impact on the environment and continue to do so by a number of initiatives. Next to the BWMS business, we still have our “Pumps for Free” concept for the Marine segment, where savings are used to pay for the installations, and we continue optimizing our pump solutions and their energy efficiency. In 2020, we also set up solutions within clean waterways and collecting trash from tributaries - all green initiatives, which have a huge environmental impact”.