Business update COVID-19
The management of AqualisBraemar ASA is closely monitoring the COVID-19 situation and has implemented strict measures to ensure the safety of clients, employees and business partners whilst making every effort to maintain an uninterrupted level of service to our clients. The COVID-19 situation has not had a significant group-wide impact on AqualisBraemar’s activity level to date.
“There have been positives and negatives for us to date. Positively, through our extensive global footprint of staff and subcontractors currently covering almost 160 locations, we have been able to increasingly support new clients at locations where others have been unable to access. Negatively, the increasing global travel restrictions present challenges to us and our clients, increasing complexity in project execution. Our prime focus remains to provide an uninterrupted service to our clients but, in light of the seriousness of the current global healthcare crisis, the evolving circumstances will probably lead to a different way of working, including more web-based collaboration and advisory methods. We are already kicking off new client projects and delivering on existing consultancy assignments through our robust online infrastructure“, says David Wells, CEO of AqualisBraemar.
“At this stage, it is hard to quantify the lasting impact of COVID-19 to our trading. We have not yet experienced a significant group-wide impact on our activity level, but continued travel restrictions will inevitably affect short term business development and operations in various ways. We continue to monitor the situation closely and remain agile in response to any business disruptions that may arise. We remain confident in the significant commercial opportunities that will still manifest themselves, and believe AqualisBraemar will have a strong underlying momentum when returning to a normalized business environment, providing a solid platform for long-term growth”, David Wells concludes.
Investors and financial media
Kim Boman, CFO, AqualisBraemar ASA
Telephone: +47 959 63 912
Other media enquiries
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no
About AqualisBraemar ASA
AqualisBraemar ASA (OSE: Aqua) is a public listed company that, through its subsidiaries and associates, offers adjusting, marine, offshore and renewables consultancy services to the energy, shipping and insurance industries. The group employs specialist engineers, naval architects, master mariners, loss adjusters and technical consultants in 48 offices located across 5 continents in 31 countries. AqualisBraemar ASA operates under three distinct brands globally:
- AqualisBraemar: a leading adjusting, marine and offshore consultancy to the energy, shipping and insurance industries
- AqualisBraemar Yacht Services: a specialised marine consultant to the superyacht market
- OWC: an independent consultancy to the offshore renewables sector