21 March 2017
DETAILS
Topsoe delivered strong results in 2016
in spite of difficult market conditions
in many important markets.
Net profit in 2016 is 492 DKK million from
322 DKK million in 2015, +53 %
Revenue and especially EBIT grew
thanks to several initiatives
implemented in 2015, including
a special focus on
* increasing revenue from technology sales
* and reducing the Group’s cost base.
Technology revenue increased,
whereas catalyst revenue decreased;
the latter impacted by lower raw material prices
that was reflected in lower prices on catalysts.
Bjerne S. Clausen,
CEO, Topsoe
“Our customers have experienced a challenging year.
Important markets such as China, Russia and Brazil
have experienced
slower economic growth or even recession.
Low oil prices have had a significant negative impact
on some of our customers, and political turmoil
has impacted certain geographies.
Despite the difficult market conditions, we managed
to maintain our market shares
and continue our growth in 2016,
so our board is very satisfied with the results,”.
Svend Ravn
Media relations manager
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