Message From CEO
2019 – Strong improved net-margin, new contracts been closed and customers rewarded
Drillcon continue to perform and during the last three years had an organic growth with approximately 48 percent and in the same time improved the net-margin. Year 2019 is no exception; we continue to grow our market share and improve the net-margin with 4,4 percent equal to 19,2 percent. We deliver volumes with the requested quality in right time to our customers. The new customers we contracted have their business in other minerals. This means we have added customers that extend our weighted basket with minerals vs revenues and as result decrease our sensitivity and risk exposure connected to a volatile market for mineral pricing. All to all this is a recipe we are doing a great work, something that shall be dedicated our employees within Drillcon Group.
Essential occurrence during the report period :
- High safety culture where the Loss Time Injured (LTI) is now below 1,0
- We continue to grow our market share and in same time the net-margin improves
- The contract closed during 2019 gives a stabile base for a continues increased production volume for 2020
- The demand from the market in short terms expects to remain at the current good level