Satisfaction with magnificent result

2014 showed a significant growth in both turnover and profit in Blue Water Shipping who is reaping the returns across the organisation


We are extraordinarily satisfied with the fact that approx. 80 per cent of our growth is organic

03 June 2015 10:17

The significant growth continues for Blue Water Shipping, whose annual accounts for 2014 show an 11 per cent increase in turnover and an increase of 80 per cent on the bottom line compared to 2013. The turnover has increased by DKK 497 million and the total turnover for 2014 was DKK 4.980 bn.

"We experience growth in all business segments and our growth exceeds the growth in the market. We are extraordinarily satisfied with the fact that approx. 80 per cent of our growth is organic, as it means that we are indeed reaping the fruits of our strengthened organisation. Our growth has not come automatically, but our 2014 focus was primarily to improve our result. We are therefore pleased that our position has been strengthened with additional market shares", says Kim Hedegaard Sorensen, Managing Director in Blue Water Shipping.

On the right track

We are in particular satisfied with the result of DKK 63 million which is a significant increase of 80 per cent compared to the result of DKK 35 million in 2013. The result for 2013 reflected increased investments in the organisation in preparation for the growth of the coming years whereas the 2014 result reflects the utilization of our strengthened set-up.

"The result of DKK 63 million is indeed satisfactory as it is above the budget and by far exceeds our latest result. Also, the result shows that we are on the right track in relation to our plans for improved earnings performance through increased synergy and cooperation in the entire organisation. Therefore I expect that we in 2015 shall be able to deliver a result of minimum the same level. The results for the first months of 2015 show positive trends, but we also know that it takes a lot of hard work to achieve our goal".

In connection with other major objectives for the next 1-2 years, the important thing is to increase our market shares in Norway, Sweden and Finland, where we in recent years have intensified our efforts through an increase in investments and acquisitions.  The aim is in particular to win new clients within general Road, Sea and Air Freight. Furthermore, we have focus on the global development of our core business areas; Oil, Wind and Project Transport.

Our employees make the difference

Kurt Skov, Blue Water Shipping's Founder and Chairman of the Board, is pleased with the improved result for 2014 compared to 2013. He points out that in the years to come, Blue Water Shipping shall maintain focus on improving the bottom line. And another important thing is to maintain the basic strategy and development.

"We have successfully changed from being a traditional transport company to becoming a knowledge-based company with a number of in-house competences covering beyond ordinary transport. This means that we can create tailor-made overall solutions for our clients' transports and logistics", says Kurt Skov.

It is of great importance to Kurt Skov that the growing company maintains its identity and remains an attractive workplace for its employees.

"The individual employees are the most important basis for our success. They are the ones who make a fantastic effort every day in order to provide the best service for our clients.  As we in recent years have grown considerably in number of employees, we do our utmost to keep up our special team spirit and culture which is one of the reasons that we have a fantastic workplace - in terms of professional skills, social network as well as the collegial spirit".

03 June 2015 10:17

For further information


Jan Hjortlund Hansen

Jan Hjortlund Hansen

Head of Marketing & Communications

+45 7913 4002

Jan has more than 10 years of experience working as a journalist and newspaper editor. He has been part of the Blue Water team since 2011 and handles all incoming media requests.