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DNV GL's marine business grows

The merger between DNV and GL strengthened the company's result in the first half of the year. The marine business grew in a difficult market, says CEO Henrik Madsen.

DNV GL's revenue grew to USD 1.71 billion in the first half of the year, compared to USD 1.06 billion in the same period 2013. The de facto improvement only involved a nominal growth of 11 percent and a 4 percent organic growth, as the merger between Norwegian DNV and German classification company Germanischer Lloyd was not actually completed until September 2013.

The company's profit before taxes and special items grew to USD 139.3 million in the same period, from USD 110.1 million last year.

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