ARNHEM, THE NETHERLAND -- (Marketwire) -- 03/19/12 -- Knowledge-based energy services company, KEMA, now DNV KEMA Energy & Sustainability per end February 2012, has once again achieved a solid increase in sales and operating results in 2011. Sales in 2011 grew by 5% to EUR 258 million (2010: EUR 245 million). Organic constant currency growth was 7% compared to 9.5% in 2010. The normalized operating result(1) rose by 6.8% to EUR 20.3 million (2010: EUR 19.0 million). The strongest contributors to growth were energy efficiency-related consultancy activities in the US, and worldwide activities in testing, inspection, and certification of innovative industrial energy equipment.
Thijs Aarten, Chief Executive Officer, DNV KEMA Energy & Sustainability:
'We are looking back at a strong 2011. Although North European markets see some pressure, our overall outlook remains favorable as we see solid trends continuing to drive investments in the energy sector around the globe. End February 2012, we joined forces with the energy and sustainability experts of DNV to create DNV KEMA Energy & Sustainability. This new combination is perfectly positioned to realize our global ambitions.'
Key Developments in 2011
Last year was an important year for KEMA. The company initiated a detailed and comprehensive review of its strategic options, which resulted in the creation of the new company, DNV KEMA Energy & Sustainability, on 29 February 2012. In May 2011, Thijs Aarten succeeded Pier Nabuurs as Chief Executive Officer (CEO) of KEMA. The Executive Board was expanded to three persons with the appointment of Hans van Haarst as member of the Executive Board and Jos Huijbregts as Chief Financial Officer.
KEMA's 2011 results reflect several global energy trends, including innovations and investments in energy infrastructures, and energy efficiency that contribute to the transition toward a sustainable energy system. KEMA further invested in expansion of the capacity and capabilities of its labs, following the progressive rise in demand for independent testing, inspections, and certification of innovative industrial energy equipment. The company further strengthened its global position with the acquisition of 70 percent of Sinopower in China, a leading management consultancy company for the Chinese energy sector, and the opening of the Smart Grid Interoperability Lab in Erlanger, Kentucky, US. Also in 2011, KEMA anchored its new matrix organization, therefore accelerating knowledge sharing around the globe, and creating more focus on the local energy markets. The average number of full time employees amounted to 1.624 (2010: 1.528), an increase of 6%.
About DNV KEMA Energy & Sustainability
DNV KEMA Energy & Sustainability, with more than 2,300 experts in over 30 countries around the world, is committed to driving the global transition toward a safe, reliable, efficient, and clean energy future. With a heritage of nearly 150 years, we specialize in providing world-class, innovative solutions in the fields of business & technical consultancy, testing, inspections & certification, risk management, and verification. As an objective and impartial knowledge-based company, we advise and support organizations along the energy value chain: producers, suppliers & end-users of energy, equipment manufacturers, as well as government bodies, corporations and non-governmental organizations. DNV KEMA
Energy & Sustainability is part of DNV, a global provider of services for managing risk with more than 10,000 employees in over 100 countries. For more information on DNV KEMA Energy & Sustainability, visit www.dnvkema.com.
(1) Earnings before interest and taxes, excluding costs for changes related to KEMA's shareholder base.