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Semco Maritime trims business and ups operating result in tough pandemic year

Revenue at Semco Maritime, which specializes in technical installations on drilling rigs and offshore wind farms, took a small hit in 2020, but the company has succeeded in raising its operating income.
"Additionally, we've restructured some of the business so that we have a better grasp of, in particular, renewable energy. We've stopped doing some of the things we did previously that were loss-making. And then we've cut overtime costs."says Semco Maritime CEO Steen Brødbæk. | Photo: Semco Maritime
"Additionally, we've restructured some of the business so that we have a better grasp of, in particular, renewable energy. We've stopped doing some of the things we did previously that were loss-making. And then we've cut overtime costs."says Semco Maritime CEO Steen Brødbæk. | Photo: Semco Maritime
Finans
BY LEONORA BECK

When the oil price took a tumble in early 2020, dark clouds descended on Semco Maritime. But despite canceled and postponed oil and wind projects, the Danish engineering group's landing became relatively soft for the full-year.

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