The 21th of August 2018
Our Parent Company turns 50 and can celebrate it with success and good results.
TESS has come back strongly after a down period through the oil crisis in 2014.
The first half of the year, however, now confirms that TESS - Norway's largest supplier of Hoses - has returned to the same level as before the oil crisis.
Revenue in the first half of the year thus increased by almost 8% compared to the same period last year and ended at 1.4 billion NOK.
The improvement on the bottom line is even greater, with a profit before tax of 97 million NOK, an increase of almost 30%. For the whole of 2018, results and margins are expected on level with 2014.
The 50th anniversary can surely be celebrated with pride and great joy!
⭐️ Read: Denmark's largest supplier of Offshore Hoses
You are always welcome to contact us for more information!
✔️ TESS Esbjerg: +45 7545 7851 • info@tess.eu
✔️ TESS Frederikshavn: +45 7545 7852 • frhavn@tess.eu