April 7, 2022: Survey Association of 1914 A/S achieved significant growth in 2021 despite the challenging market conditions during the COVID-19 pandemic.
“We saw continued growth in 2021, where our Renewables business grew with almost 40% through new strategically important contracts, both in Europe and in Japan. The Oil & Gas turnover more than doubled as result of increased activities within this sector. In addition the activities within Marine surveying saw good results from growth and new clients in the Scandinavian marine insurance market” says Managing Director Henrik Uth
Survey Association generated strong financial growth in 2021. The company increased its revenue with 27% to about DKK 16 mio. Result before taxes was improved with 47%, from DKK 0.7 mio in 2020 to DKK 1.1 mio in 2021.
“2022 looks promising, with a strong order book for the rest of the year and extending into 2023. We expect a continued growth of 15-20% and a further strengthening of the EBITDA margins” finishes Henrik Uth.