Financials

Highlights from the BWSC Annual Report 2020:

Revenue in 2020 amounted to DKKm 1,814 (2019: DKKm 1,609).
Order intake for 2020 amounted to DKKm 1,206 (2019: DKKm 474).
Equity ratio for 2020 equaled 41% (2019: 38%).
The order backlog at the end of 2020 amounted to DKKm 6,031 (2019: DKKm 6,797).
Net result for 2020 amounted to a loss of DKKm 229. The result for 2020 is significantly impacted by the restructuring plan implemented in November 2020 and losses on investments.
For 2021 we expect an improved and positive, though limited, net result.

I would like to thank all BWSC employees around the world for enabling our company to continue providing critical infrastructure in the energy sector to our customers and partners ensuring stability in the midst of the global pandemic

NIKOLAJ HOLMER NISSEN, CEO

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