Rhonda J. Moniz is a highly accomplished and renowned underwater forensics…
February 4, 2025
The MacArtney Group reached a milestone, achieving a turnover of one billion DKK for the financial year 2024. Revenue increased from 919 million DKK to 1.082 billion DKK, and profit before tax rose to 134 million DKK compared to 83 million DKK in 2023. This success is credited to a dedicated global team and a strategic focus on core areas such as Connectivity, Data Acquisition, and Installation and Handling Equipment.
Strengthening the foundation for future growth
With a successful implementation of the 2025 strategy and the continuity of its existing, stable ownership structure, the family-owned MacArtney Group is now beginning to establish a long-term 2030 strategy. The company has already completed an expansion of the warehouse and production facilities at its headquarters in Esbjerg. These initiatives optimize operational efficiency and provide space for the continuously growing number of employees, supporting the execution of future projects and increasing presence in all key segments: Marine and Offshore, Ocean Science, Naval, and Offshore Wind. A key aspect of MacArtney's expansion strategy is its global presence. The company operates 20 strategically located offices across the Asia-Pacific, Europe, and the Americas. The next step is establishing a new Middle East operation in Dubai to foster regional advancement and client development. Additionally, last year, MacArtney moved into new facilities in Canada and Australia to ensure capacity for future growth.
Even with reduced market predictability due to continued geopolitical changes and economic uncertainties, MacArtney anticipates further growth in the coming fiscal year. Revenue is expected to be 1,100 – 1,200 million DKK, with a profit before tax similar to the current year.
The Fascinated by Shipwrecks Podcast, hosted by Kathy A. Smith, is dedicated to the People & the Science of Maritime Archaeology.EPISODE…
As directed by the President, the US Department of Interior (DOI) has announced that Gulf of Mexico (GoM) will officially…
Norbit Subsea introduces the WBMS X, the latest addition to its multibeam sonar family, an ultra-compact system designed…
Organisers of next month’s Subsea Expo exhibition and conference in Aberdeen have announced the event theme as ‘Deep in Transition’…
The Korea Institute of Ocean Science & Technology (KIOST) accepted delivery of the Klein Marine System’s 5900 ultra-high-resolution sonar…
A new UK National Oceanography Centre (NOC)-led study has put a major question mark over the role a unique group of tiny…
Marine Technology Reporter is the world’s largest audited subsea industry publication serving the offshore energy, subsea defense and scientific communities.
Marine Technology ENews is the subsea industry’s largest circulation and most authoritative ENews Service, delivered to your Email three times per week
Subscribe for MTR E-news
About The Author
More Stories
What Is Meaningful Connectivity?
Connect, Discuss, Inspire: Dive Deep with Special Interest Groups
Our Voices Are Making a Difference in the Fight for Strong Encryption