NORDEN announce plans to acquire the THORCO PROJECTS business
Today, we can announce that NORDEN has entered into an agreement to acquire our shipping business, THORCO PROJECTS. Read more, including the official press release, here.
Despite the global COVID-19 pandemic and significant uncertainties across industries and markets, THORNICO has achieved the highest earnings in the history of the conglomerate. This year’s EBT at DKK 706 million, corresponds to a 37% growth compared to 2019.
”There is no doubt that the past year has been really tough for several of our companies due to COVID-19 and therefore, we are very satisfied with the general development in 2020.”
”As we announced at last year’s financial statement, we did not believe it was realistic to reach the same record highs from 2019 in 2020 due to COVID-19. However, that scepticism has been proved wrong, and we are incredibly proud to be able to realise the highest earnings in the history of the conglomerate.”
”The structure of our conglomerate with companies and activities within a large number of industries, products and business areas has to a large extent proved its worth in 2020, as some companies have had difficulties meeting their objectives due to COVID-19.”
”A huge thank you to all our CEOs and teams who have not only worked hard through a different and difficult year, but who have also taken THORNICO to new earning heights.”
”Across the conglomerate, we have had a great start in 2021, and at this moment, it looks like it will be a year where we stay on a par with an upward tendency earnings wise in 2020.”
Watch our video announcement presented by our CEO and owner, Christian Stadil.
Read more in the official press release below:
Press Release – English
Press Release – Danish
Today, we can announce that NORDEN has entered into an agreement to acquire our shipping business, THORCO PROJECTS. Read more, including the official press release, here.
Our CEO and owner Christian Stadil was officially appointed as the honorary consul of Bhutan with a Buddhist ceremony at the Bhutanese embassy in Brussels.
Before you leave us for the holiday, please take a minute to watch the THORNICO winter greetings where our CEO and owner, Christian Stadil, is wrapping up 2022 in the THORNICO Group.