DNV GL grows and announces layoffs

Classification company DNV GL achieved growth in the first full fiscal year after the merger between Norwegian DNV and Germany's Germanischer Lloyd, though the company also finds itself forced to layoff employees.

2014 was the first full fiscal year for the two parties DNV and Germanischer Lloyd since merging together into DNV GL. And the classification company experienced solid developments in that year.

The company's revenue increased to USD 2.91 billion in 2014, a USD 256.1 million increase from 2013, corresponding to a 10 percent growth. The result finished at USD 135.7 million, compared to USD 111.0 million in 2013.

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