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Equity fund made big profits on separated OW company

The severely criticized equity fund in the OW Bunker case, Swedish Altor, made a good profit in 2014 on the company Wrist Ship Supply, which delivers supplies to the offshore sector and ships. The company increased its profits by 37 percent to USD 14.88 million.

Photo: Wrist

The equity fund Altor separated the company Wrist Ship Supply from now-collapsed OW Bunker one year ago. Wrist Ship Supply has now, for the fifth consecutive year, achieved a significant increase in both profits and revenue, says the company in a press release on Wednesday.

"In 2014, Wrist Ship Supply once again cemented its position as the largest provider of ship and offshore supplies with growth rates that were significantly higher than the market growth. Sales were increased with 9.5 percent in local currencies, and the company as a result achieved record revenue of USD 479 million – against USD 434 million in 2013," says Wrist Ship Supply in the statement.

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