Jotun Sets Sales Record in '07

Monday, March 24, 2008

Jotun reported that high levels of activity worldwide in shipbuilding, oil and gas projects and a highly active construction industry in the Middle East made 2007 the company’s best year ever. In 2007, the Jotun Group had an operating income of more than $1.7b, which is $211m higher than for 2006. Jotun's profit
 before tax was $151.4m.
"Last year was an absolute high point for Jotun. We are extremely pleased to deliver the best sales and profits in Jotun's history. On the other hand, the strong Norwegian kroner against most currencies has had a
negative affect on sales and profits," said Morten Fon, president and CEO.
In Scandinavia, sales volume increased in 2007, but an increasing number of own-brands in the market and a change in distribution structure in the trade have pressed margins.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Coatings & Corrosion

SCIGRIP Transforms Hovercraft Assembly Process

Griffon Hoverwork, a designer and manufacturer of technically advanced hovercrafts, has collaborated with SCIGRIP, the global supplier of smarter adhesive solutions,

Ecospeed Demonstrator Vessel on Display

Shipowners, shipbuilders and representatives from the Green Award Foundation  attended the first in a series of planned ‘roadshows’ Subsea Industries has initiated

Hempel Launches New Epoxy Marine Coating

Coatings supplier Hempel has launched a new two-component pure epoxy coating for the marine newbuilding sector, Hempadur Quattro XO 17820, in Canada, the U.S. and Mexico.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0459 sec (22 req/sec)