DNV GL Releases Annual Report

“Last year was an extraordinary year, capped by the merger of DNV and GL in September and the beginning of a truly transformative period in our company’s history,” says Henrik O. Madsen, President & Chief Executive Officer of the DNV GL Group. “We strengthened our market position and expertise in all key areas and today, more than ever, we are closer to our shared vision of having a global impact for a safe and sustainable future.”

The report highlights the progress made by the DNV GL Group throughout 2013. Madsen said: “Unlike many mergers, bringing together DNV and GL was not about delivering more with less, but about delivering more with more. Growing our business by strengthening our competencies and market position was at the core of the merger.”

The DNV GL Group had a strong year in 2013, even as the integration process continued apace. DNV GL achieved combined revenues of NOK 15 234 million which included the effect of the merger from 1 October, and strengthened its market position and expertise in all its key areas. Group pro forma revenues for the full year amounted to NOK 19 653 million.

Thomas Vogth-Eriksen, DNV GL Group Chief Financial Officer, commented: “An increasingly complex risk and sustainability-focused environment for customers has driven the demand for DNV GL’s services. We regard DNV GL’s market position as satisfactory and financial performance as strong. Both give the company a robust platform from which to achieve its strategic growth targets and maintain its independence as a financially strong and trusted company.”

To read the full report, visit the following link.