- Revenue up by 27.9%
- Acquisition of remaining shares in REP Engineering
- Workforce increases to nearly 5,700
- Further improvements to good safety track-record
Breda, The Netherlands 14 April 2014 - Dietsmann, the leading independent provider of integrated Operation & Maintenance services for oil, gas and LNG production facilities and for power plants, has published its 2013 Annual Report. The Company achieved revenue growth of 27.9%, was awarded substantial new contracts in all its operating regions, acquired the remaining 49% of the shares in and subsequently consolidated REP Engineering, a significant Russian maintenance company in the power sector, and once again improved its good safety track-record.
In 2013 Dietsmann's revenue rose to €414.1 million, 27.9% higher than the €323.6 million achieved in 2012. All the regions showed an increase in revenue compared with the previous year. Operating result (EBIT) amounted to €40.2 million compared with the €29.6 million reported in 2012. Net result rose from €16.5 million in 2012 to €17.4 million in 2013.
During 2013 Dietsmann won new Operation & Maintenance contracts in Angola, the Republic of Congo, Libya, South Sudan and Kazakhstan.
Peter Kütemann, Dietsmann's Chairman and CEO said: "Dietsmann's continued growth - our revenue has almost doubled in the past two years - shows that our clients are satisfied with our operation and maintenance proposition and performance. We have every intention of maintaining this performance and our already good health and safety record in the coming years. In fact, not just maintaining it but improving it, because there is always room for improvement. This is why we place such emphasis on training, in all aspects of our activities, at every level in our organization and in every country in which we operate. Our focus on training is something else you can read about in our 2013 Annual Report".
The complete 2013 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 36 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 oilproducing countries in West, East and North Africa, the Caspian Sea Region and Russia.
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@dietsmann.com
Tel.: +377 93 10 16 15
www.dietsmann.com
