When the oil price took a tumble in early 2020, dark clouds descended on Semco Maritime. But despite canceled and postponed oil and wind projects, the Danish engineering group's landing became relatively soft for the full-year.
While revenue dropped 1.4 percent to DKK. 1.8 billion (USD 291.6 million), the result before depreciations, amortizations and special items grew 35 percent to nearly DKK 71 million. The pre-tax bottom line, which ended at DKK 17 million, grew nearly DKK 1.5 million.