CS WIND Offshore News

Bladt emerges stronger from 2019 despite negative result

An extraordinary write-down of DKK 85m involving a pending arbitration case led to a loss of DKK 42m after tax for Bladt Industries. However, the Management is satisfied with progress due to its healthy core business, record-high order book and absence of accidents at work.

12 August 2020

A range of well-implemented projects, additional employees, a historically strong order book, zero accidents at work and strengthened competitiveness ensured that 2019 was a good year for Bladt Industries. And although the profit after tax ended at minus DKK 42m, one accounting write-down regarding a single project was the only obstacle to a positive bottom line.

“Aside from the write-down, we are very satisfied with the results achieved by Bladt’s core business. Our healthy and customer-focused company is developing in the right direction.”

Klaus Steen Mortensen, CEO