Head Energy reports preliminary 2021 revenues of mNOK 646, up 33% compared to 2020-revenues. 2021-profit margins are somewhat lower than in 2021, due to particularly strong growth in segments with limited margin potential.
Preliminary EBIT-margins equal 5,0% for 2021, compared to 6,1% for 2020. The margin drop is mainly due to stronger growth by Head Energy’s Consulting units compared to other units in 2021. The Engineering-units, both in the Energy-segment and the Construction & Infrastructure segment, delivered a strong finish in 2021 and may be expected to contribute to higher margins at a group level in 2022.
The year-end 2022 orderbook equals mNOK 755, up approximately mNOK 285 compared to year-end 2021.
The orderbook growth reflects a very strong market situation and solid demand in all of Head Energy’s market segments. On this basis, Head Energy Group expects solid revenue growth in 2022 and margins at par with or above 2021-levels.
Bergen, 31 januar 2022
CFO Head Energy Group