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 Today


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

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

People & Company News

Hanjin Shipping May Get OK for Restructuring

South Korea’s largest container operator by capacity Hanjin Shipping's creditors are expected to approve a corporate rehabilitation program for the struggling container line,

Allcargo Groups Subsidiaries as ECU Worldwide

ECU Line, Econocaribe and China Consolidators undergoes rebranding to build a Global Brand Connect   India’s integrated logistics solution provider Allcargo Logistics

Damen Opens US Office

Damen Shipyards Group has announced the opening of a new branch office in Houston, Texas. This expansion, under the name of Damen North America, meets the increasing

Finance

Crowley Acquires Ace Fuels Assets in Anchorage

Anchorage-based Crowley Fuels yesterday completed an asset acquisition of the aviation fuels business of Ace Fuels, LLC, a fixed base operator (FBO) headquartered

BAE Systems Bags USN Award for Submarine Propulsors

BAE Systems has received a $72 million contract from the U.S. Navy to produce and deliver propulsor systems for Block IV Virginia-class (SSN 774) submarines. The

India Seeks Stake in Iran LNG Terminal

Indian Petroleum Minister Minister Dharmendra Pradhan says India has expressed interest in setting up an LNG terminal at Chahabar port in Iran to ship back home natural gas from Persian Gulf nation,

Surveyors

Cyberhawk Sinks Claws into US O&G Market

Cyberhawk Innovations, the world leader in aerial inspection and survey using Unmanned Aerial Vehicles (UAV), is set to boost its international credentials with

DNS Appoints Esson, Chief Executive

Decom North Sea (DNS), the representative body for the offshore decommissioning industry, which promotes and facilitates collaboration and cost reduction, today appointed a new chief executive.

Senate Markup Provides Funding for Oceanographic Vessels

Last week, the Senate Appropriations Committee marked up and approved a Commerce, Justice, Science bill that would provide $75 million to build a new Regional Survey

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Simulators 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: 0.1039 sec (10 req/sec)