Strong continued growth for DNV

DNV delivers yet another set of record-breaking results, increasing revenues in 2023 by 26.2% compared with the year before. The company continues to grow within its strategic growth areas related to cyber security, aquaculture, and renewable energy. DNV also registered a solid growth in its number of employees.

Høvik, Norway, 26 March 2023 - DNV posted revenue of 31,594 million Norwegian Kroner (NOK) for the year, a year-on-year growth of 26.2% (17,7% when considering currency effects). 

Annual report DNV 2023

2023 also saw record profits from strong performance across all business areas. These results were driven by tighter regulations within the industries DNV operates in, including an increased attention among customers on decarbonization and digitalization. 

Key figures

 

DNV Group (mill NOK) 2023 2022 2021 2020 2019
Operating revenue 

31,594 

25,031 

21,464 

20,911 

21,551 
EBITDA

5,386 

4,159 

3,672 

3,481 

3,529 
EBIT/Operating profit

4,256 

3,170 

2,646 

2,406 

2,334 
Profit before tax

4,195 

2,971 

3,158 

2,173 

1,985 
Profit for the year

2,953 

1,999 

2,420 

1,502 

1,375 
Liquidity

57.7% 

56.7% 

52.6% 

49% 

51.1% 
Employees

14,841 

12,848

11,903 

11,632 

11,854 

 

Group President and CEO of DNV, Remi Eriksen“Despite geopolitical instability and turbulent economic conditions, DNV has yet again delivered excellent results. It demonstrates the resilience and relevance of our assurance and risk management position with our customers. I’m also glad to see that the growing demand for DNV’s services coincides with our customer satisfaction rates reaching a new high, demonstrating the excellent performance and expertise of our employees”, says Group President and CEO of DNV, Remi Eriksen. 

 

Six strategic acquisitions 

Six strategic acquisitions were made throughout the year within cyber security, aquaculture, and renewable energy. These new investments contributed to DNV’s record-breaking growth in 2023. 

“The acquisitions in 2023 are important for realizing our strategy towards 2025, and we will see acquisitions high on our agenda also in 2024,”, says Remi Eriksen. 

DNV also grew the size of its workforce in 2023. The company has almost 15,000 employees from 122 nationalities delivering services in more than 100 countries. The increase in the number of employees represents a growth of around 15,5% from 2022.