Bladt Industries continued success in 2016
Bladt Industries improved its good financial result in 2015 with a further increase in 2016. Both activity and results grew in 2016. Sales increased by 18 percent to nearly 3,5 billion kroner in 2016. Operating profit (EBIT) increased by 19 percent to 123 million kroner.
In 2016, Bladt Industries' EBITDA increased by 13 percent to 157 million kroner, which is satisfactory for the year. This increase was driven by strong execution of Bladt Industries' project portfolio and a high activity level.
IN 2016, Bladt Industries performed major projects in both offshore wind turbine foundations and substations as well as in infrastructure in Norden. The high activity level in 2016 included the offshore wind turbine foundations for offshore wind farms Veja Mate, Burbo Bank Extension, Walney Extension 3 + 4, Arkona, Wikinger and Beatrice.
Bladt was also involved in projects such as: offshore substations for wind farms Sandbank, Nordsee One Bligh Bank and Hornsea One and a bridge at Køge Nord Station, several tanker and terminal renovation projects and structural steel for the new shopping center "BROEN" in Esbjerg city center.
Some of these projects will continue in 2017 and ensure continued high activity of Bladt Industries especially in the first half of 2017 along with new project contracts.
Source: Bladt Industries / Maritime Denmark