The annual report provides a review of DNVGL's business and its financial and sustainability performance. In terms of financial performance, 2016 was a challenging year for DNV GL because of the continued downturn in the maritime and upstream oil and gas markets. Despite this, DNV GL retained a strong position in these core markets while growing in the assurance, software and energy businesses. Through downsizing and efficiency programmes, the company has managed to reduce costs, and maintained investments in research and innovation of 5% of revenues.
DNV GL achieved revenues of NOK 20,834 million and earnings before interest and tax of NOK 154 million.
The annual report reviews developments in the most important markets in 2016 and presents key results, risks, solutions and strategy.
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