Dietsmann N.V. : Dietsmann publishes its 2014 results
(Thomson Reuters ONE) -
· Revenue stable at EUR 424.6 million
· Profit up to EUR 23.8 million
· New office opens in Bolivia
Breda, The Netherlands, 15 April 2015 - Dietsmann, the leading independent
provider of integrated Operation & Maintenance services for oil, gas and LNG
production facilities and for power plants, has published its 2014 Annual
Report. Despite the business context becoming progressively more challenging
during the course of 2014, Dietsmann's revenue remained stable at 424.6 million
euro, compared with 414.1 million euro in 2013.
Operating result (EBIT) amounted to EUR 42.9 million compared with the EUR 40.2
million reported in 2013. Net result rose from EUR 17.4 million in 2013 to EUR
23.8 million in 2014.
The North and Central Africa region and East Africa region made steady progress
in 2014 with revenue increases of 3.5% and 5% respectively and the West Africa
achieved a substantial 19% revenue increase. These increases more than offset
the overall 28% decrease in revenue from the Central Asia region due primarily
to the reduction of activities in Kazakhstan. During 2014 Dietsmann won new
contracts in Angola, the Republic of Congo, Nigeria, Iraq and Bolivia.
In 2013 Dietsmann started new branch activities in Bolivia and Mozambique which
will enable the Company to respond to key clients' needs in Latin America and to
serve increasing activities in Mozambique.
Peter Kütemann, Dietsmann's Chairman and CEO said: "With the rapid drop of the
oil price by 60% in the just over six months since June last year, it does not
come as a surprise that oil-companies, as a component of their cost-cutting
efforts, are demanding that contractors, like us, reduce their prices. The
pressure is mounting and we are obliged to respond. The challenge is to find the
balance between our clients' demands for cost reductions, our employees'
interest, our market share and our profitability. At the same time we are
working with technology partners to develop new, innovative technologies that
will help us offer our clients sustainable cost savings that will last longer
than quick-fix margin cuts and that will enable us to provide our services in a
more cost-effective way without compromising our most fundamental values of
safety, integrity and respect for people and the environment. Notwithstanding
the challenges and uncertainties currently being faced by the industry and the
world in general, I have every confidence that the tried and tested Dietsmann
resilience and resourcefulness will enable us to meet the challenges ahead and
come through them stronger than ever".
The complete 2014 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 37 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, international support and coordination offices in Monaco,
engineering offices in France and Italy and operational subsidiaries in most oil
producing, countries in West, East, Central and North Africa, the Caspian Sea
Region, Russia and Latin America.
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.
Contact
communication(at)dietsmann.com
Tel: +377 93 10 16 15
www.dietsmann.com
Dietsmann N.V. - Dietsmann publishes its 2014 results:
http://hugin.info/141733/R/1911680/682153.pdf
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Unternehmensinformation / Kurzprofil:
Datum: 16.04.2015 - 10:30 Uhr
Sprache: Deutsch
News-ID 386189
Anzahl Zeichen: 6100
contact information:
Town:
Breda
Kategorie:
Business News
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