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Digitization softened the top line blow at DNV

Rapid digitization of inspections, surveys and other activities sustained classification company DNV's business in 2020, despite the more challenging working conditions due to coronavirus-related restrictions.

Photo: DNV GL

At Norwegian classification bureau DNV, the coronavirus pandemic led to a 3 percent revenue loss, dropping revenue from NOK 21.6 billion (USD 2.5 billion) in 2019 to NOK 20.9 billion in 2020.

Adjusted for currency fluctuations, the top line declined 5 percent. Through extensive digitization and optimizations, however, the company managed to increase its primary operations from NOK 2.3 billion in 2019 to NOK 2.4 billion last year.

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