Drillcon Group’s Quarterly and Annual Reports.
2017 – Record year with improved operating profit and strong organic growth.
A record year resulting with an organic growth of 36 percent and 349 Mkr in turn-over and improved operating margin with 2 percent. Drillcon Iberia increased the production fourth quarter within raiseboring and coredrilling. Drillcon Scandinavia follow Iberia with same drive and growth. Drillcon Americas finalized the production of the first contract and de-mobilized from site. Several potential contracts identified, and the number of customer contacts increased. We are aware it will take time to grow this geographic market and we work with full energy to establish the brand Drillcon in the region
2016 was a year of growth in continuing operations. Profitability developed well in Scandinavia but was slightly lower in Iberia. Internally the year was one of change, alignment and development of Drillcon’s operations in a controlled manner. Drillcon Scandinavia (previously Drillcon Core) turned in a positive result during the year. Consolidated revenue grew by 20 percent on the Group’s main markets. The foundation laid during 2016 creates good prospects for continued growth throughout the Group in existing and new markets. – Patrik Rylander, CEO