Blue Water Shipping: Well Equipped For The Future
Blue Water Shipping experienced a significant growth in 2013 and for our clients, the bigger and stronger organisation means even better service and flexibility
During the recent 3-4 years, Blue Water Shipping has seen a significant development in the entire organisation and the positive development continued in 2013 with the addition of 10 new offices – some of which through acquisitions. Blue Water Shipping has therefore become a more broad-based and stronger company during 2013.
“The clients like our service and quality and this means that we have again gained market shares and grown more than the market in general. We have a healthy and well-run business where all activities generate fine results and as a whole, the group has produced a record turnover of barely 4.5 billion in 2013”, says Managing Director of Blue Water Shipping. Kim Hedegaard Sørensen.
He is quite satisfied with the turnover of 4.483 billion DKK – an increase of 348 million or 8.4% compared to 2012. The earnings before tax in 2013, 35 million DKK, which are lower than the record profit from of last year, which was 85 million DKK.
“It is not a satisfying result as it is below our budget. However, it is the only parameter, which is not satisfying for us regarding 2013. Establishing new offices, acquiring three companies and investing in new buildings in the Port of Esbjerg contributes with a notable budget variance as not all of these were provided for in the budget. We are, however, very satisfied that we chose to invest as they, both in the short and long-term, are good investments which strengthens Blue Water and will contribute to the realization of our long term strategies”, siger Kim Hedegaard Sørensen.
He also points to the fact, that there has been created a strong foundation for continually being able to maintain and develop the business, as the network of offices has increased. The variety in activities has also increased, so Blue Water now offers the clients further quality solutions within transport and logistics. One of Blue Water’s strategies is to be close to the clients.
“In future years, we will also maintain our local decentralized presence close to the clients so we can give them the best transport solutions and add further locations to our world map. It is our expectation this year, that we will once again see a growth which is larger than that of our competitors’, and that we will win market shares”, says Kim Hedegaard Sørensen. He informs, that the financial expectations for 2014 are to strengthen the result through better earnings and a consolidation of the company’s good position.
Blue Water’s Chairman and Founder, Kurt Skov, points out that the result for 2013 is characterised by somewhat large investments in connection with Blue Water’s international growth strategy.
“We are focused on long-term and client oriented solutions, which means that we want to be close to our clients. We have therefore strengthened and expanded our global position in 2013, so we now have close to 70 offices and more than 1,300 employees worldwide. This means, that we can have a leading role based on a strong operational set-up within all our business areas”, says Kurt Skov.
“Our continued success depends on our will to focus on being flexible, service-minded and aware of our costs as we operate on markets with tough competition and a small margin. Meanwhile, the whole company will become stronger as the new offices and activities will gradually be integrated in the organisation”, says Kurt Skov.
