The annual report 2020 for the DESMI Group, which is described satisfactory, has just been approved.
According to DESMI's announcement, "2020 is indeed a year to remember - not only in a world historical perspective, but also as a very special year for DESMI. Covid-19 made its entry at the same time as a serious cyber-attack, but in despite here of a good result is created by focusing on continuous growth, development, and sustainable solutions. It is in this light that the Board of Directors describes the result as satisfactory".
“The Covid-19 situation has had (and still has) a great impact on our daily work in regard to visiting and meeting customers face to face. 2020 was a year where travelling outside country borders was almost impossible and where new digital sales tools and behavior were set into action in order to keep the good relationships with our worldwide customers. Despite the Covid-19 challenges and oil price fluctuations plus a cyber-attack that affected IT-systems and operations at DESMI, we are happy to announce another satisfying result”, continues Mr. Sørensen, Group CEO of DESMI A/S.
The net revenue for DESMI of 2020 was in total DKK 1,296 billion, EBITDA amounts to DKK 184,5 million, and with a profit before tax of DKK 157,2 million this is the second-best annual result ever in the 186 years of DESMI history.
DESMI is gaining market shares, and there is a strong belief in the future.