DNV GL publishes its 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. “It highlights what we have been able to accomplish, but even more than this it shows what we still stand to gain from bringing these two world class organisations together,” says Madsen and adds, “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.

Thomas Vogth-Eriksen, DNV GL Group Chief Financial Officer, comments, “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.”

“We have achieved a lot in 2013 and with the combined expertise and commitment of the DNV GL staff and the Board, I am confident that we will achieve even more in the years ahead. As DNV GL changes and grows to meet the changing market and customer needs, we will be guided and defined by our purpose to safeguard life, property and the environment and our vision to have a global impact for a safe and sustainable future. In this way we will help our customers and the world to become safer, smarter and greener,” says Madsen.

Adapted from press release by Hannah Priestley-Eaton

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