Semco Maritime grew revenue and earnings in 2018 driven by a number of offshore wind projects and a significantly higher activity level for the Group’s international Oil & Gas business, which generated particularly strong growth in the UK and Norway. Results and order intake both surpassed expectations and form a solid foundation for continued progress in the coming years.

Even though oil and gas prices increased during the year, the majority of 2017 was characterised by continued low activity and tough competition in the oil and gas industry. Towards the end of the year, demand from customers increased in this business area, which remains important to Semco Maritime. The hesitant market and continued price pressure in all business areas of the group entailed...