Dietsmann N.V. - Growth in a challenging 2012
(Thomson Reuters ONE) -
· Autonomous revenue up by 31.4%
· Operating profit up by 44.4%
· Successful acquisition of 51% stake in REP Engineering
· Workforce grows to 5,400
· Record low accident rates achieved
Breda, the Netherlands, April 9, 2013.
2012 was a successful year for Dietsmann, the leading independent provider of
integrated Operation & Maintenance services for oil, gas and LNG production
facilities and for power plants. The Company achieved overall growth of over
31.4%, was awarded substantial new contracts in all its operating regions,
successfully acquired a majority share in REP Engineering, a significant Russian
maintenance company in the power sector, and once again achieved record-low
accident rates.
Notwithstanding 2012 being another challenging year, Dietsmann's revenue rose to
?323.6 million, 31.4% higher than the ?246.2 million attained in 2011. All the
regions showed an increase in revenue compared with the previous year. The
Central, North and East Africa region achieved the greatest rise (62.3%) thanks
to the resumption of activities in Libya and increased overhaul activities in
Nigeria. Revenue from the West Africa region rose by 15.6% due to growing
activity in Angola. Revenue from the Europe/Asia region increased by 28.3% as a
result of new onshore and offshore contracts in Kazakhstan. The acquisition of
REP Engineering in Russia had no impact on revenue as the investment has not
been consolidated, but accounted for by use of the equity method.
Operating profit (EBIT) amounted to ?29.6 million, 44.4% higher than the ?20.5
million reported in 2011. The Central, North and East Africa region and the West
Africa region were the main contributors towards the operating profit. At ?16.5
million net profit for the year was 52.8% higher than the ?10.8 million achieved
in 2011.
During 2012 Dietsmann won new Operation & Maintenance contracts in Angola, the
Republic of Congo, Libya, Nigeria, Kazakhstan and Russia. The acquisition of REP
Engineering means that Dietsmann's power plant activities now equal its oil &
gas activities in terms of the number of production sites.
Peter Kütemann, Dietsmann's Chairman and CEO said: "In 2012 we welcomed numerous
new employees to the Dietsmann family, including 1800 Russian nationals who
joined us as a result of Dietsmann's acquisition of 51% of REP Engineering. This
means that Dietsmann now has more than 5400 employees of 62 nationalities all
working together within a single global company culture, based on the same
fundamental values, code of conduct and ethics principles. These values and
principles sum up our commitments to all our stakeholders. The 2012 Annual
Report not only details our progress in financial terms, it also explains in
some depth our progress and activities in all the fields of Corporate Social
Responsibility and includes a summary of the first 'Communication on Progress'
we have compiled as signatory of the UN Global Compact.
I am extremely pleased to report that 2012 was a very successful year for
Dietsmann. We achieved significant growth, we were awarded substantial new
contracts and we maintained our reputation for working efficiently, safely and
sustainably. In that respect I am also very proud to report that Dietsmann once
again delivered an extremely solid sustainability performance. Our 2012 health
and safety results have re-affirmed our position as a true industry leader."
The complete 2012 Annual Report of Dietsmann N.V. can be downloaded in PDF
format from the company's website: www.dietsmann.com.
About Dietsmann
Founded in 1977, Dietsmann is the world's leading independent provider of
integrated Operation & Maintenance services for oil, gas and LNG production
facilities and for power plants. The company has accumulated over 35 years of
plant and equipment know-how developed during long-term partnerships with many
IOCs and NOCs. Dietsmann N.V. is a privately-held company with its registered
office in Breda, the Netherlands, support and coordination offices in Monaco,
engineering offices in France and Italy and operational subsidiaries in most
oil-producing countries in West and North Africa, the Middle East, Russia and
Kazakhstan. The company is not an affiliate of any industrial or financial
group, equipment manufacturer, construction group or engineering firm. This
independence, which means that Dietsmann acts as an unconstrained expert
interface between its clients and OEMs, combined with its consistent focus on
its core business and its dedication to its clients, makes Dietsmann the most
reliable maintenance partner for any plant owner or operator.
Corporate governance
Dietsmann's major customers are large international energy companies listed on
the world's most reputable stock exchanges. These companies are subject to high
standards of corporate governance and expect their business partners to apply
these same high standards. Dietsmann's management fully acknowledges the
importance of good corporate governance and has developed procedures and
activities to apply the Dutch Corporate Governance Code, which specifies
policies and best practices for Management and Supervisory Boards, shareholders,
financial reporting, auditors, disclosure, compliance and enforcement standards.
Although the application of the Code is only compulsory for listed Dutch
companies and therefore not for Dietsmann, the Management and Supervisory Boards
use its provisions as a reference in the development and implementation of good
corporate governance regulations for Dietsmann. These are published on the
company's website, also in accordance with the principles of the Code.
Media contact
e-mail: communication(at)dietsmann.com
Tel: +377 93 10 16 15
Website: www.dietsmann.com
Dietsmann NV - Growth in a challenging 2012:
http://hugin.info/141733/R/1691617/555541.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Dietsmann N.V. via Thomson Reuters ONE
[HUG#1691617]
Unternehmensinformation / Kurzprofil:
Datum: 09.04.2013 - 17:00 Uhr
Sprache: Deutsch
News-ID 247429
Anzahl Zeichen: 7009
contact information:
Town:
Breda
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 191 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Dietsmann N.V. - Growth in a challenging 2012"
steht unter der journalistisch-redaktionellen Verantwortung von
Dietsmann N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
