Record year for Fayard
The shipyard Fayard in Lindø Industrial Park has achieved the largest surplus ever. The surplus was at 88 million kroner before tax. It is 26 million kroner more than the previous year and the largest ever. The profit after tax was 67 million kroner.
Turnover in the last financial year increased by 37 percent to 1,1 billion kroner. It partly due to the conversion of two ferries, Berlin and Copenhagen, for Scandlines, which has helped to create the good result.
The number of employees has grown from 140 to 154 during the past year. On average, there are 450 people employed at the Fayard yard, the former Lindø yard, Odense Steel Shipyard. The vast majority, however, are employed by subcontractors.
The good result is also due to Fayard being able to receive very large ships at Lindø Industrial Park's large dock where Odense Steel Shipyard have built Emma Mærsk, which was then the world's largest container ship.
The good result has meant that the family-owned Fayard group has almost doubled cash flow from 265 to 490 million kroner. The company is almost debt-free, if you disregard what is part of its normal operations.
Management does not expect the profit record to be beaten in the next few years. At the presentation of the records, it was issued that unchanged or lower activity is expected in the coming year.
Source: fyens.dk / Maritime Denmark