Welltec CFO: New countries raise revenue

Welltec CFO Jesper Helmuth Larsen tells ShippingWatch that the company’s 63 percent growth in turnover in the second quarter is the result of a geographical expansion of the business, as well as continued work with existing customers.

Photo: Harald Pettersen/Statoil

Continued geographic expansion and deeper cooperation with existing customers has enabled Welltec to present financial statements for the second quarter showing a 63 percent increase in turnover compared to the same period in 2011.

“One reason is that we continue to enter new countries, while simultaneously building upon our relationships with existing customers, and they are increasingly relying on the services that we can offer. On top of this, we are getting more new customers and services,” says Jesper Helmuth Larsen to ShippingWatch.

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