Member News: MacArtney Group reports an extraordinary year of growth, innovation and momentum

February 5, 2025
Member News: MacArtney Group reports an extraordinary year of growth, innovation and momentum

With an 18% growth rate, MacArtney’s fiscal year 2024 performance has once again exceeded expectations in both revenue and profitability. As a global underwater technology leader, the Group is positioned for continued growth with upcoming initiatives.

The MacArtney Group reached a milestone, achieving a turnover of one billion DKK for the financial year 2024. Revenue increased from 919 million DKK to 1.082 billion DKK, and profit before tax rose to 134 million DKK compared to 83 million DKK in 2023.

This success is credited to a dedicated global team and a strategic focus on core areas such as Connectivity, Data Acquisition, and Installation and Handling Equipment.

“Our strategy is working as intended, and thanks to the excellent execution by our teams worldwide, we can reaffirm and strengthen our market position,” says CEO Niels Peter Christiansen. “Our commitment ensures global access to our solutions and expertise, which is reflected in our investments in innovation, business development and the expansion of our stock and production facilities.”

Strengthening the foundation for future growth

With a successful implementation of the 2025 strategy and the continuity of its existing, stable ownership structure, the family-owned MacArtney Group is now beginning to establish a long-term 2030 strategy.

The company has already completed an expansion of the warehouse and production facilities at its headquarters in Esbjerg. These initiatives optimise operational efficiency and provide space for the continuously growing number of employees, supporting the execution of future projects and increasing presence in all key segments: Marine and Offshore, Ocean Science, Naval, and Offshore Wind.

A key aspect of MacArtney’s expansion strategy is its global presence. The company currently operates 20 strategically located offices across the Asia-Pacific, Europe, and the Americas. The next step is to establish a new Middle East operation in Dubai to foster regional advancement and client development. Additionally, last year, MacArtney moved into new facilities in Canada and Australia to ensure capacity for future growth.

Technology with environmental awareness

MacArtney sees an increasing demand for advanced technologies that offer both operational and environmental benefits.

“We actively develop technology that meets sustainability objectives and values,” says CEO Niels Peter Christiansen. “Hence, over the past year, several clients have trusted MacArtney with projects, including launch and recovery systems and connectivity solutions, that support a global push for operational innovation whilst at the same time focusing on reducing environmental impact.”

Customer-driven innovation

Purpose-driven innovation is at the heart of MacArtney’s collaborative approach, which involves customers and strategic partners. Customer demands and preferences mainly drive the latest product launches in connectivity and data acquisition, which also include a higher focus on underwater surveillance systems of critical infrastructure.

The ambition is to provide a range of available options that address the evolving end-to-end needs and enhance customers’ access to comprehensive solutions and turnkey systems, ultimately improving performance and reliability within the Marine and offshore, Ocean Science, and naval industries.

Outlook

Even with reduced market predictability due to continued geopolitical changes and economic uncertainties, MacArtney anticipates further growth in the coming fiscal year. Revenue is expected to be 1,100 – 1,200 million DKK, with a profit before tax similar to the current year.

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