A part of Watch Media

ShippingWatchThursday2 February 2023

  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
13/03/2015at 14:32

Erria's revenue skyrocketed by 24 percent

Listed consulting and ship management company Erria doubled results in 2014 and also increased its revenue across all activities. The company expects lower revenue and results this year.
Photo: ERRIA
BY OLE ANDERSEN

The listed consulting and ship management company Erria, based in Denmark, increased its revenue in 2014 by almost 24 percent to USD 97.9 million, with a result in primary operations of USD 1.73 million and a profit of about USD 1.04 million.

CEO Henrik N. Andersen is pleased with the company's development in 2014, not least the stronger foundation for business activities, which the company has achieved:

Erria beats Danish carriers on profits

"Last year we saw proof of Consulting and Ship Management's commercial sustainability, as well as establishing Logistics. In 2014, we have brought in new, important customers in every sector. We have increased revenue, and we have doubled results this year compared to last year. But it is clear that by fully exploiting our arenas we can achieve a greater growth and profit potential. This is why we are investing further to enhance our business with new customers. This may bring small costs on the top and bottom lines in the short term, but in the long term it will mean that we can increase growth significantly as well as become less dependent on individual exposure - and hereby create even more value."

In the annual report on Friday, Erria writes about the expectations for 2015, that the company plans to continue working to develop the foundation of the business with the intention of increasing activity. The company also expects to achieve growth in revenue in Ship Management and Logistics in 2015.

Meanwhile, management expects to bring down dependency on individual customers, and in 2015 this will reduce revenue levels in Consulting, due to the fact that activities in the Venezuelan oil company PDVSA are expected to go down in 2014.

Based on this, management expects that Erria in 2015 will achieve a total revenue at a level of between USD 10.6-12 million, and operational results, (EBITDA), at a level of USD 992,000 to 1,4 million.

Erria beats Danish carriers on profits 

Lego family buys shares in Erria

Erria expects improved result in 2014 

Related articles:

  • Photo: Erria A/S

    Lego family buys shares in Erria

    For subscribers

  • Direktør for Erria, Henrik N. Andersen. | Photo: Erria

    Erria beats Danish carriers on profits

    For subscribers

  • Erria expects improved result in 2014

    For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Foto: Mærsk Mc-kinney Møller Center for Zero Carbon Shipping
Regulation

Mærsk Center for Zero Carbon hires new executive from port company

Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping recruits new executive profile from major port company.
  • Dorian LPG enters new partner agreement with Mærsk Center for Zero Carbon

For subscribers

Foto: Stolt-nielsen
Tanker

Stolt-Nielsen expects good times ahead for chemical tanker after new profit

Foto: DSV
Logistics

DSV books a much improved 2022 result – but a new reality now awaits

For subscribers

Foto: Zhang Ke/AP/Ritzau Scanpix
Offshore

There aren't enough ships to install giant wind turbines across Asia

For subscribers

Photo: Patrick Hill
Offshore

Creditors in crisis-stricken Dof request bankruptcy proceedings

For subscribers

Foto: Christian Charisius/AP/Ritzau Scanpix
Container

European carrier orders 12 methanol vessels at Korean yard

For subscribers

Further reading

Foto: Hempel
Suppliers

Hempel still stuck in Russia – hopes to sell factory soon

EU sanctions obstruct Hempel’s long-running attempt to hand off a Russian factory with 124 employees. The company now hopes for a legal breakthrough.

For subscribers

Foto: CMB
Suppliers

Swiss-Belgian duo to develop ammonia engine for bulk carriers

Via company CMB Tech, Belgian shipping family Saverys aims to develop an ammonia ship engine in collaboration with Swiss WinGD. The engine will be deployed in ten Chinese-built dry bulk vessels.

For subscribers

Jeb Bush (left) is the brother of former US president George W. Bush (right). He is former governor of Florida and ran for nomination as the presidential candidate of the Republican Party in 2016. He lost, however, to later president Donald Trump. | Foto: Alex Brandon/AP/Ritzau Scanpix
Regulation

Jeb Bush levels sharp criticism at candidate for IMO leadership

Panama is not worthy to lead the UN’s maritime organization, as the country protects ships violating sanctions against Iran, argues Jeb Bush, brother of former US president George W. Bush.

For subscribers

Latest news

  • Mærsk Center for Zero Carbon hires new executive from port company – 12:28
  • Stolt-Nielsen expects good times ahead for chemical tanker after new profit – 11:27
  • There aren't enough ships to install giant wind turbines across Asia – 10:43
  • Creditors in crisis-stricken Dof request bankruptcy proceedings – 10:38
  • DSV books a much improved 2022 result – but a new reality now awaits – 08:53
  • European carrier orders 12 methanol vessels at Korean yard – 1 Feb
  • Dan-Bunkering has millions tied up in collapsed British shipping company – 1 Feb
  • Carriers scrapped 292 vessels on South Asian beaches last year – 1 Feb
  • Maersk becomes logistics partner for Asos – 1 Feb
  • Wärtsilä had to abandon valuable projects after departure from Russia – 1 Feb
See all

Jobs

  • Junior Finance Business Partner - offshore wind industry

  • Foundation Package Manager - Offshore wind industry

  • Fleet Manager

  • Senior Lead, Human Sustainability at Sea

  • Chartering Manager for Lauritzen Bulkers A/S

  • Senior Financial Controller

  • Financial Controller for International Shipping Company

  • Copenhagen Shipping Company is hiring a skilled cargo broker

Jobs

  • Junior Finance Business Partner - offshore wind industry

  • Foundation Package Manager - Offshore wind industry

  • Fleet Manager

  • Senior Lead, Human Sustainability at Sea

  • Chartering Manager for Lauritzen Bulkers A/S

  • Senior Financial Controller

  • Financial Controller for International Shipping Company

  • Copenhagen Shipping Company is hiring a skilled cargo broker

See all jobs

Colophon

ShippingWatch
Search

Sections

  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
  • Sitemap
  • RSS feeds

Editor

Tomas Kristiansen

tk@shippingwatch.dk

Tel.: +45 3330 8360

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7445

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7445

Jobs

Subscription

Try ShippingWatch or get an offer for a subscription meeting the exact needs of you or your company.

shippingwatch@infowatch.dk

Tel.: +45 7077 7445

Learn more about subscriptions here

Address

ShippingWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8360

Guidelines

  • Privacy Policy

Copyright © ShippingWatch — All rights reserved

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
ShippingWatch

Google ChromeMozilla FirefoxMicrosoft Edge