Shipyard in Fredericia posts record result  

2009.03.09
Denmark's leading repair shipyard, Fredericia Skibsværft, has announced a record result for 2007/2008 with revenue growth of 20% to DKK 540m
Denmark's leading repair shipyard, Fredericia Skibsværft, has announced a record result for 2007/2008 with revenue growth of 20% to DKK 540m (USD 91.4m) and a profit of DKK 61.6m (USD 10.4m), the highest in the shipyard's 93 year old history, writes financial daily newspaper Børsen.
 
Foreign customers now account for two third of its revenue. Thomas Andersen, shipbuilder and owner of Fredericia Skibsværft A/S says: "It is our reputation as an efficient and cost-conscious shipyard with high quality craftsmanship which has helped increase the number of customers from abroad."
 
Andersen emphasises that the record result is unlikely to be repeated this year since the economic crisis has sharpened the competition for repair orders. It has however not led to staff cuts.
 
"During the boom we have been able to man the tasks we gained. It is too early to predict what this means for employment because of the economic slowdown in the wake of the credit crisis and the general economic downturn."
 
Fredericia Skibsværft  is located on the eastern coast of Jutland with direct access from the Kattegat. The shipyard was founded by the Andersen family in 1916 and has a workforce of 400 people.

Link > Fredericia Skibsværft           
 

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