Desmi’s top result in challenging year

(Posted on 30/03/22)

Desmi’s general assembly approved its yearend result for 2021, showing a revenue of 1,275 billion DKK and a profit before tax of 122,8 million DKK, which is considered satisfactory under the given market conditions.

One of Denmark’s oldest companies, DESMI specialises in the development, manufacture, sale and service of pumps and pumping solutions for marine, industry, defence & fuel, and utility incl. environmental equipment for oil spill, seaweed and clean waterways operating globally, but acting locally.

“2021 was yet another year to remember – headlines for DESMI in 2021 were influenced by Covid-19, travel restrictions, transport delays, price increases on raw material, and many key components also affected by prolonged delivery times. These challenges have, however, been a part of the market conditions, not only for DESMI but for most international operating production companies, but in DESMI, the situation and the challenges were well managed, and DESMI has in many ways improved its position throughout the year”, says Henrik Sørensen, Group CEO.

“Even if the numbers are not totally up to the result of 2020, Henrik Sørensen appreciates all the efforts done in the very dedicated and engaged DESMI organization. We have a clear strategy and see our investments and efforts are bearing fruit. Our organization are coping well with the challenging supply chain situation, and our order book was historically high entering 2022 and is still growing. Our focus on sustainable solutions is really taking its steps into the market. Key values like “energy efficiency” and “sustainability” are high on the agenda, and our focus on energy savings means savings on cost, fuel, giving CO2 reductions, etc., which are all extremely important to most customers and, hence, DESMI. All being important elements in the growth and development of our business”.

Sørensen continued, “We have a very solid platform for further growth within Flow Technology, and we are in more ways foreseeing a substantial growth in 2022. Customers are once again welcoming face-to-face meetings and interactions, which are important when optimization of solutions has to be discussed. Our service organization is again able on a higher scale to install, commission, and service our solutions without weeks of corona quarantine, and requests for pump solutions are increasing daily. It is encouraging also to state that ballast water management systems, scrubbers, and aquaculture activities, now are seen as an integrated part of our core business”.

2021 was also the year when DESMI Italy was established, thus, DESMI has offices in 19 countries and more country flags in the DESMI worldwide map are planned. “We find being present locally and closer to our customers enables us to guide, support, and ensure that the right solution is chosen”, said Sørensen.