In a remarkable turn of events, DESMI, a leading provider of pump solutions, has defied market expectations and achieved unprecedented success in 2023. Despite the anticipated downturn in the ballast water management systems sector, DESMI’s core pump business experienced a staggering 25% growth across all segments. This surge in revenue, nearing 2 billion DKK, has propelled DESMI to new heights.
The Unexpected Triumph
DESMI’s revenue for 2023 reached 1,954 million DKK, marking a 4% increase over the previous year. Earnings before interest and tax also rose significantly, reaching 243 million DKK—an impressive 12% growth. These figures reflect the company’s resilience and adaptability in the face of market challenges.
A Global Impact
Group CEO Humphrey Lau expressed his satisfaction with DESMI’s performance: “We are very pleased that we have achieved substantial growth in our core Marine, Industry, and Defence segments, alongside a strong expansion in our global Service and Aftermarket business. Our success is a testament to our competitiveness, strong customer partnerships, and the dedicated efforts of our 1,000 employees worldwide.”
Looking Ahead
As DESMI approaches its 190th anniversary in 2024, it refuses to rest on its laurels. An ambitious growth strategy, combining organic growth and strategic acquisitions, has been unveiled. The company’s commitment to innovation within Flow Technology aims to double revenue by 2028. Strategic investments in product development, organizational structure, and processes will enhance value delivery to customers and stakeholders.
