Year in Review

Bridge the Gap Between Ship and Shore

2023/24

23/24 marks an active year with acquisitions, a growing organization, and the launch of an entirely new agnostic platform built to enable the maritime industry to bridge the gap between ship and shore.

The bedrock of our offering is a solid foundation of high-quality data that empowers the maritime ecosystem with the right insights, to the right people, at the right time.
Casper Jensen
CEO, Danelec
We are pleased to report nearly 10.8% revenue growth this year, building on the exceptional performance achieved last year. 2023/24 was a transformative year, highlighted by the strategic acquisitions of Nautilus Labs platform and the VDR business of MacGregor alongside key investments in integration, setting the stage for future growth and scalability.

Explore Key Financial Numbers.

Revenue

2022/23
298MDKK
2023/24
330.3MDKK
In 2023/24, total revenue for Danelec Group amounted to DKK 330.3 million compared to DKK 298.0 million in 2022/23, corresponding to a reported growth of 10.8%. This strong result reflects our sustained momentum and reaffirms our ability to drive growth across all segments of the business. Achieving this level of growth, particularly following an already robust year, underscores the effectiveness of our strategic initiatives and positions us well for continued success in the future.

EBITDA

2022/23
82.1MDKK
2023/24
65.1MDKK
In 2023/24, EBITDA reached DKK 65.1 million, reflecting the company's focus on strategic investments for future growth and scalability. While this compares to DKK 82.1 million in 2022/23, the current year has been a pivotal period of transformation, driven by strong revenue growth. Special items of DKK 16.0 million were allocated towards acquisitions, integration, and transformation efforts, positioning the company for continued expansion and long-term success. This year marks a significant step in our journey, with these initiatives laying the foundation for enhanced growth and operational efficiency.
Install base
14.000+
Partners
200+
Up 15% from last year
Employees
172
Up 43% from last year
We bridge the power of Danelec’s data capturing capabilities, Kyma’s ship performance solutions, and the powerful AI-based technology platform of Nautilus Labs.

Together, we provide an agnostic and integrated platform enabling the maritime ecosystem to bridge the gap between the systems that served our needs of the past and a solution that can scale to serve the needs of our future.
Kyma
Bridge
the Gap
Nautilus Labs
Danelec
With our Agnostic Platform™ we enable the maritime sector to transition from noon reports and standard-based navigation to vessel-specific high-frequency data tailored to real-time scenarios.
A visual transformation and strategic effort to unify the brand under a core narrative that supports both recent and future acquisitions, ensuring a strong and distinct market position.

Meet a new Danelec.

This rebrand is more than a new look—it's a strategic step forward, aligning our capabilities to seamlessly bridge the gap between ship and shore.
Asbjørn Severin
Senior VP, Danelec

Danelec and DanPilot to Unveil Groundbreaking Remote Piloting Technology

The new remote piloting solution minimizes the need for pilots onboard, enhancing safety, reducing environmental impact, and enabling ships to maintain speed, lower fuel costs, and meet scheduled ETAs and ETDs more effectively.

Read Story

Danelec Wins SMART4SEA Technology Award for Danelec Fleet Insights

Read Story

Strategic Acquisition of MacGregor VDR Business – Strengthens Danelec’s Position in Maritime Safety

Read Story

Danelec Acquires Nautilus Labs' Platform to Enhance Sustainability and Safety Insights

By integrating Danelec’s onboard data capture with Nautilus Labs’ AI-based analytics, Danelec offers a comprehensive solution to drive the maritime industry’s shift to high-quality, high-frequency data, advancing sustainability efforts.

Read Story

Shifting sustainability from a nice-to-have to a business-critical imperative.

The maritime industry, responsible for moving more than 90% of global trade, is undergoing a seismic shift. New regulations, rising consumer expectations, and growing pressure from environmental standards have elevated the urgency of adopting Environmental, Social, and Governance (ESG) practices. Once considered a “nice-to-have,” sustainability is now a business-critical imperative.
Research suggests
70% of the decarbonization required by 2050 can be achieved through digital optimization alone.*
* Source: Inmarsat Thetius Digital Decarbonisation Report 2022
The maritime industry, responsible for moving more than 90% of global trade, is undergoing a seismic shift. New regulations, rising consumer expectations, and growing pressure from environmental standards have elevated the urgency of adopting Environmental, Social, and Governance (ESG) practices. Once considered a “nice-to-have,” sustainability is now a business-critical imperative.
While cleaner energy solutions, such as net-zero propulsion systems, are the long-term objective, digitalization offers an immediate and cost-effective path to reducing emissions. Research suggests that more than 70% of the decarbonization required by 2050 can be achieved through digital optimization alone. By leveraging high-frequency, high-quality data, shipping companies can optimize fuel consumption, reduce emissions, and enhance operational efficiency.
Digital tools such as voyage planning, speed optimization, and fleet-wide maintenance management are already proving their value, enabling ships to operate more efficiently while minimizing environmental impact. For example, real-time data from voyage simulations can help ships cruise at optimal speeds, cutting fuel consumption and reducing emissions per ton-mile. Maintenance optimization, driven by predictive analytics and condition-based monitoring, minimizes unplanned downtime, ensuring ships remain operational and productive. The result is a more efficient, cost-effective, and sustainable operation.

Respecting the planet

We believe carbon and other externalities will be increasingly priced in going forward, and businesses minimising these externalities or innovating to define new business models with inherently fewer externalities will be the winning businesses of the future.

Being the best companies to work, for everyone

Being the best companies to work, for everyone. Attracting and retaining top talent is a huge opportunity and prerequisite for success, not least for tech-enabled and sustainable businesses amongst which the competition for talent is especially high.

Creating secure and responsible companies

Creating secure and responsible companies. The probability of cyber attacks has increased, and the costs of such attacks increase with the digitalisation of all areas of the enterprise.

Deep-dive into our case studies.

Supercharging Fleet Performance with AI Insights and Digital Twin Technology for Maximum Voyage Efficiency

Learn how to enhance voyage efficiency and optimize fleet operations using AI-driven insights and digital twin technology.

View case

Transforming Vessel Efficiency and Sustainability with the Power of Advanced Boil-off Gas Optimization

Learn how to enhance voyage efficiency to reduce fuel, emissions and cost for the client Oil Major.

View case
Altogether, the maritime industry stands before a horizon of drastic change — factors that will not only challenge the way we’ve been shipping for decades, but radically transform our entire sector.
Casper Jensen
CEO, Danelec
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