Peterson delivers robust performance in challenging marketCompany News // October 5, 2015
Energy logistics group Peterson Offshore Group has announced consolidated results for the 12 months ending 31 December 2014.
Revenue was up on the previous year at €405 million (2013: €363 million) and operating profit decreased by 6 per cent to €10.0 million (2013: €10.6 million).
The group’s UK-based companies, including Peterson UK Ltd and 80:20 Procurement Services Ltd, contributed 45 per cent of the group’s operating profit, down from 52 per cent in 2013 reflecting growth in international contribution.
Commenting on the group’s performance Erwin Kooij, CEO of Peterson Offshore Group said: "This is a challenging time for our industry however, despite this backdrop, we remain committed to supporting our customers, the industry and our staff, to respond to the continuing low oil price by providing innovative and collaborative cost saving solutions to ensure a long term sustainable future and we continue to invest in equipment, infrastructure and our people.
“We are confident our long term outlook together with our continued focus on helping customers increase productivity and efficiency through innovation and collaboration, while maintaining the highest standards in safety and quality, will ensure we remain well placed for future growth.”