Offshore Sector Helps Wrist Ship Supply Grow in 2011
Wrist Ship Supply reported solid growth in market share and turnover following a year of focused consolidation.
According to the company, its turnover reached DKK 2,447 million in 2011, an increase of 20% since 2010, and earnings before interest and tax (EBIT) increased by 45% to DKK 21.7 million.
The company saw positive development across regional operation areas, particularly Asia-Pacific and Germany.
The rapidly growing offshore market represents another area of expansion for Wrist and in May 2011,
Wrist Ship Supply acquired Strachans Ltd, a market-leading independent food distributor to the UK offshore industry, completing a period of significant growth totalling six acquisitions in Europe, America and Canada between 2009 and 2011. Over the last 12 months, Wrist has focused on consolidating these acquisitions into its global network and investing in advanced procurement systems and operations on a worldwide basis.