Marine Survey Company Avoids Storm

MarineLink.com
Wednesday, April 24, 2013

On Wednesday April 24, the marine survey company EIVA a/s published its 2012 Annual Report. The offshore specialist thereby concludes a financial year where its activities have been characterised by growth, with high expectations for 2013.


While many businesses are still experiencing weak demand, EIVA a/s can look back on a very satisfactory year in the offshore industry.


EIVA has provided hardware and software for businesses specialised in energy, engineering and surveys at sea since 1978, which the annual report published today demonstrates through strong results that are the best the company has seen the last 35 years.


While the revenue declined by nearly DKK 6 m due to reduced sales of third-party equipment, the number of own products sold advanced. EBITDA was increased by 43% from DKK 10.4 m in 2011 to 14.9 m in 2012, and the net profit ratio rose from 9.3% to 15.6%.


Strongly anchored in the industry

"We experienced growth across the board in 2012. Our software solutions have a strong position with increased sales, both in terms of software packages and maintenance agreements. We have increased investments in product development, and we boosted the number of staff significantly in order to keep up with demand," said Jeppe Nielsen.


Product sales are not the only contributor to the positive results. The market has shown great interest in staff trained in EIVA’s advanced software, which has heightened the demand for the training courses also offered by the company. Among others, this had led to a partnership with the internationally recognised Atlas Services Group, specialised in recruitment and training in the energy and marine industry.


2012 also saw EIVA strengthening its contribution to the education of future specialists focusing on a broad range of marine survey competences. Through partnerships with Aarhus University, College of Charleston and University of Washington in the US, the company has created a number of internships and made itself available in connection with training and competence development.


In 2012, EIVA launched a new ROTV product range, ScanFish III, which has received much attention, and a number of systems were delivered during the year. Moreover, the company has a range of new hardware and software solutions on the drawing board for 2013.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

GTT Earns Five AIPs for Multi-gas Membranes

Gaztransport & Technigaz (GTT), designer of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announced five

‘Green’ Hybrid-powered Research Vessel Christened

The Maritime Aquarium at Norwalk christened a larger, “greener” new research vessel on Friday, September 26 in preparation for launching a new era in examining,

WCI to Move Offices to Washington DC

In an effort to better facilitate WCI’s lobbying work on Capitol Hill, we will be moving offices from Arlington, Virginia to 499 S. Capitol Street, SW, Suite 401,

Finance

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

GasLog Closes First Option Vessels Dropdown

GasLog Ltd.  announced today the closing of the sale of two modern liquefied natural gas (“LNG”) carriers, the Methane Jane Elizabeth and Methane Rita Andrea,

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

Surveyors

Ocean Installer Awarded New Contract

Ocean Installer has been awarded a contract for SURF support work in Brazil for Saipem. The contract which will see the Normand Clipper in Brazil for 8 months is valued at circa USD 50 million,

ABS Awarded DoD Classification Contract Modification

The US Department of Defense informs that the American Bureau of Shipping, Houston, Texas, is being issued an $8,500,000 modification under a previously awarded

NOAA Orders Newbuild Navigation Response Boats

NOAA today announced that Lake Assault Boats of Superior, Wisconsin, will build two small vessels for the Office of Coast Survey's navigation response program,

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1590 sec (6 req/sec)