ShippingWatch

Wrist busy fulfilling ambitious goals after tough 2018

2018 saw lower growth in Wrist than expected, and business was squeezed by poor shipping markets. However, the company maintains an ambitious growth target, which must be achieved within a few years. "We're busy," the CEO tells ShippingWatch. He does not expect this year to bring a change in ownership.

Photo: Wrist Ship Supply

Hardships in the shipping industry have caused Wrist Ship Supply to prioritize acquisitions in order to achieve its ambitious growth target.

In 2023, the company aims to increase its revenue 50 percent compared to 2017, when revenue was DKK 4.1 billion (USD 617 million). This means that revenue needs to grow to DKK 6 billion in five years and Wrist therefore has quite a bit to go before reaching that target.

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