Nyheder

27-06-2017

PRESS RELEASE - Shipping Holding A/S annual result


The Shipping Group has again achieved profit growth this year and can present a record result with a pre-tax profit of 21 million DKK.

The result has been achieved in spite of a market that is still characterised by fierce competition and a market in Oil & Gas still suffering from low oil prices, resulting in lower investments for the follow-up industry. For the year's results, CEO Søren Gran Hansen states ”On behalf of the Group I am proud of the result we have performed. Despite difficult market conditions, our successful and dedicated employees succeeded in creating the best results in the Group's history. We are constantly striving to expand the palette of services that we can offer our customers, and we have been successful in the past year. At the same time, we still have full focus on optimising / streamlining administrative processes so that we can always be competitive”.

The year included two acquisitions. On July 1, 2016 we took over the company Rasmus Christensens Eftf. in Aarhus and on 1 September, 2016 we took over the Swedish company TransFargo AB. TransFargo AB has activities in road freight, air & sea and contract logistics.  The company is represented with own offices in Malmö (HQ), Gothenburg and Stockholm, as well as hubs in several major Swedish cities.

The work to simplify and optimise the Group's administrative functions remains unabated in the entire financial year, and we are now even better equipped to continue the growth which is a declared goal in the Group's strategy - both organically and through acquisitions, which are considered to provide us with additional value and will make us stronger for both existing and new customers.

Shipping Holding A/S:

Million DKK

2016/17

2015/16

2014/15

2013/14

2012/13

Turnover

629

550

487

468

439

Pre-tax profit

21

11

10

-20

-12

Profit after tax

16

9

7

-19

-10

Equity

77

50

45

22

23

Solidity

26.3%

21.6%

20.5%

13%

12%

Avg. number of employees

255

186

182

143

145