BMT Reports Strong Full Year Performance

MarineLink.com
Tuesday, May 21, 2013
Photo: BMT

BMT Group Ltd (BMT), the international design, engineering and risk management consultancy, has announced another strong financial performance for the year to September 30, 2012. By focusing on markets where it can deliver high-value customer solutions, revenues from BMT’s continuing businesses rose 22% to £156m and underlying operating profits increased to £13.7m, a proportion of which has been distributed to the staff through the company’s profit share schemes.

David McSweeney, BMT’s Finance Director explained, “Despite challenging trading conditions, underlying operating profit margin rose from 6-9%, bringing us closer to the industry norm for companies within the high-value engineering sector. Such improvement is vital so that we can continue to re-invest in our people – both attracting and retaining the best talent - as well as our extensive R&D capability to identify future technologies and solutions which will help to address our customers’ challenges.”

Comprising 23 operating companies involved in activity across five continents, the BMT group continues to concentrate on its core maritime-focused offering in the organization’s three sectors of defense, energy and environment and transport. Highlights of the year include the acquisition of Oceanica Consulting Pty Ltd, a specialist coastal and marine environmental consulting company based in Australia; a successful contract win to provide specialist dredging consultancy services to Rio Tinto in Western Australia; the delivery of weather forecasting services in the Java Sea; and the UK Ministry of Defense’s LETacCIS (Land Environment Tactical Communication and Information Systems) contract which saw BMT lead its partners in support of the early phases of this acquisition program.

BMT said it also continues to invigorate its pioneering maritime spirit and looks to create innovative solutions through its commitment to R&D and collaboration with industry and academic partners. Its recent collaborative R&D project with University College London (UCL) will research new ways to increase shipping efficiency and reduce emissions - something which remains uppermost in the minds of ship owners, operators and charterers around the world.

To help improve safety in mining, BMT is partnering with Skill Pro Services Pty Ltd in Australia to develop a new way of suppressing coal dust explosions. The company said the innovative Active Barrier technology has the potential to revolutionize safety in the mining industry and recently picked up an excellence award from ACARP (Australian Coal Association Research Program).

Peter French, BMT’s Chief Executive, said, “This year we have been able to secure a number of major projects as we further demonstrate to our customers the breadth and depth of our knowledge and technical excellence in key markets. Our independence allows us to provide impartial advice and genuinely focus our attention on helping our customers succeed. More and more we are seeing our highly skilled experts from around the group becoming part of an integrated team that works in partnership with customers, providing an opportunity to share knowledge and best practice.”

www.bmt.org
 

  • Photo: BMT

    Photo: BMT

  • Photo: BMT

    Photo: BMT

Maritime Today


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

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

People & Company News

No Clues on Hanjin's Financial Health

Cash-strapped Hanjin Shipping Co. sources say that the negotiations with tonnage providers for lower rates are undergoing, but wouldn't say much else.   According to Korea Herald, the country's No.

DP World's H1 Volumes Rise

Ports operator DP World reported on Tuesday first-half 2016 gross container volumes up 1.2 percent on a like-for-like basis and up 2.5 percent on a reported basis.

Samil PwC Okays Hyundai's Management Improvement Plan

Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement

Consulting

BMT to Lead Repower for Historic USCG Eagle

BMT Designers & Planners, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, is leading the effort to repower the historic U.

RINA Closes Edif Group Acquisition

RINA S.p.A, the holding company of the multinational testing, inspection, certification and consulting engineering group based in Genoa, Italy, has announced that

CNO Visits Chinese North Sea Fleet

Chief of Naval Operations (CNO) Adm. John Richardson visited Chinese North Sea Fleet headquarters, July 20 to meet with fleet commander Vice Adm. Yuan Yubai. The

 
 
Maritime Security Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1076 sec (9 req/sec)