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We are pleased to announce the release of Danelec’s 2023/24 Annual Report, detailing a successful year characterized by strong financial growth, strategic acquisitions, and continued advances in maritime digitalization.
The report provides a comprehensive overview of our achievements and commitment to empowering the maritime industry with high-frequency, high-quality data for safety, sustainability, and operational efficiency.
Key Highlights from 2023/24:
- Revenue Growth of 10.8%: Danelec reached DKK 330.3 million, up from DKK 298 million last year, demonstrating sustained momentum across our product lines.
- Strategic Acquisitions: The acquisition of MacGregor’s Voyage Data Recorder (VDR) business in November 2023 and the Nautilus Labs technology platform in December 2023 strengthened our integrated data and analytics offerings, creating a complete, agnostic platform for our clients.
- EBITDA Performance: Despite costs associated with acquisitions and integrations, we recorded an EBITDA of DKK 65.1 million, reflecting solid underlying performance and setting the stage for future scalability.
- Global Reach: Danelec’s solutions are now deployed on over 14,000 vessels worldwide, enabling our clients to capture billions of data points each year and gain actionable insights that drive real-time decision-making
“This year, we have made significant strides in integrating our new capabilities, bridging the power of Danelec’s data capturing technology with AI-based insights. Our commitment to delivering actionable, high-quality data to the maritime ecosystem remains steadfast as we continue to support a safer, more sustainable future for the industry.”
- Casper Jensen, CEO of Danelec
This year’s achievements underscore our dedication to bridging the gap between ship and shore, empowering stakeholders with digital tools that meet the evolving needs of the maritime industry.
Read the full report for an in-depth look at our performance and the journey ahead.
