COWI unveils record financial statement

2013 was one of the best years ever for the consultancy group

The Danish consultancy group COWI has revealed an annual financial statement that shows record profits for 2013 – a year in which it also greatly strengthened its international profile.

With a three percent increase in turnover and a financial result of 200 million kroner (earnings before interest and taxes) for the year, 2013 was one of the best years ever for the group.

“We have experienced solid growth in our traditional core markets in Scandinavia and in our international business, not least in North America,” Lars-Peter Søbye, the head of COWI, said in a press release. “Meanwhile, we have streamlined the company so we are even more competitive.”

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Projects galore in 2014
The result means that COWI has now enjoyed turnover growth for nine years on the trot and has grown by 32 percent since 2009.

Among the projects that the consultancy group is involved with this year will be two cable-stayed bridges in St Petersburg, Russia, the expansion of Stockholm Harbour, and a number of tunnels and stations in Qatar’s new metro project. Factories in Russia and Turkey and the St Croix Bridge in Minnesota, USA are also on the agenda.

In Denmark, COWI will be focusing on light rail infrastructure in Odense, Aarhus and Aalborg and the expansion of the hospital in Aabenraa.