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OMT boosts its revenue 67 percent

Odense Maritime Technology, which specializes in ship design, achieved a revenue of USD 38.2 million in the fiscal year 2014/2015. Uncertain how the sliding oil price will impact shipowners' demand for retrofit in coming years, the company's CEO tells ShippingWatch.

Photo: OMT

Odense Maritime Technology once again delivered an improved result and revenue in the fiscal year 2014/2015, according to the annual report, published Monday. The company's revenue came to USD 38.2 million, a 67 percent increase from USD 23.6 million in 2013/2014, and the net result finished at USD 2.7 million, up from USD 1.6 million last year.

"It's been a good year with some big projects that have contributed significantly, both commercial projects and navy projects," CEO Kåre Groes Christiansen tells ShippingWatch.

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