Our investor relations policy covers guidelines for the company's contact with shareholders and the financial environment. Beerenberg also follows Oslo Børs' IR recommendation from 1 March 2021.
Financial and operational track record
Beerenberg is a leading supplier of maintenance and modification services for facilities onshore and offshore, and a global supplier of insulation products. The outlook for Beerenberg is strong, with a solid secured order reserve and high tender activity. The large contracts typically have a duration of 10 years.
A flexible cost base allows us to adapt to the typical fluctuations in the oil and gas industry, which provides predictability when it comes to earnings. Going forward, activity is expected to increase due to the need for maintenance at large facilities and installations in the North Sea/offshore.
About the market
We have a strong market ahead of us, with a continuously high demand for our maintenance and modification services at facilities offshore and onshore. Oil and gas will continue to be a significant part of the energy mix for many years to come. In this industry, it is our responsibility to do what we can to contribute to a green transition.
Our contribution is sustainable and energy-efficient maintenance solutions that reduce the carbon footprint in a specific and measurable way. We work to continuously improve performance and serve our customers better by investing in people, sustainable development and innovative technologies.
Strategic development areas
Investment in innovative technologies is an important part of our journey towards a more sustainable and efficient operation. The focus is on finding solutions that can improve our performance both on land and at sea. We work with suppliers and partners to develop and adopt new and relevant technologies
New and innovative technologies:
- Robot solutions
- Energy-efficient solutions