{"id":850,"date":"2021-06-08T15:30:10","date_gmt":"2021-06-08T15:30:10","guid":{"rendered":"http:\/\/www.icas-group.org\/wp\/?p=850"},"modified":"2021-06-08T15:30:10","modified_gmt":"2021-06-08T15:30:10","slug":"terma-delivers-the-best-result-ever","status":"publish","type":"post","link":"http:\/\/www.icas-group.org\/wp\/terma-delivers-the-best-result-ever\/","title":{"rendered":"Terma delivers the best result ever"},"content":{"rendered":"\n<figure class=\"wp-block-gallery columns-1 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"http:\/\/www.icas-group.org\/wp\/wp-content\/uploads\/2021\/06\/Terma-Radar-1024x682.jpg\" alt=\"\" data-id=\"851\" data-full-url=\"http:\/\/www.icas-group.org\/wp\/wp-content\/uploads\/2021\/06\/Terma-Radar-scaled.jpg\" data-link=\"http:\/\/www.icas-group.org\/wp\/?attachment_id=851\" class=\"wp-image-851\" srcset=\"http:\/\/www.icas-group.org\/wp\/wp-content\/uploads\/2021\/06\/Terma-Radar-1024x682.jpg 1024w, http:\/\/www.icas-group.org\/wp\/wp-content\/uploads\/2021\/06\/Terma-Radar-300x200.jpg 300w, http:\/\/www.icas-group.org\/wp\/wp-content\/uploads\/2021\/06\/Terma-Radar-768x512.jpg 768w, http:\/\/www.icas-group.org\/wp\/wp-content\/uploads\/2021\/06\/Terma-Radar-1536x1023.jpg 1536w, http:\/\/www.icas-group.org\/wp\/wp-content\/uploads\/2021\/06\/Terma-Radar-2048x1364.jpg 2048w, http:\/\/www.icas-group.org\/wp\/wp-content\/uploads\/2021\/06\/Terma-Radar-863x575.jpg 863w, http:\/\/www.icas-group.org\/wp\/wp-content\/uploads\/2021\/06\/Terma-Radar-162x108.jpg 162w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n<p align=\"left\"><strong>2020\/21 was a record year for Terma, which now announces its annual results.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>Terma delivered its best financial result ever in 2020\/21. Revenue grew by 8% and exceeded DKK 2 billion for the first time ever. The result increased by 25% to MDKK 137.<\/p>\n<p>\u201cI am extra proud of the result because it has been achieved in a year with several challenges. This proves that we have a strong product portfolio,\u201d says CEO Jes Munk Hansen who took up the post in the spring of 2019.<\/p>\n<p>F-35 production and sales of coastal radars are among the primary factors in generating Terma&#8217;s growth during the past year. And with the new contracts added during the year, the outlook for 2021\/22 is promising, with expected growth of 10%. In particular, the new 10-year framework contract with the U.S. Air Force and ADLS windfarms will be crucial growth factors in the years to come.<\/p>\n<p><strong>Result achieved during challenging times<\/strong><br \/>But even though the overall result is a success, the narrative differs across Terma&#8217;s Business Areas. The service area as well as command &amp; control systems for naval vessels were significantly affected by COVID-19 as expected contracts were lost or postponed. In contrast, the F-35 and radar areas performed very well.<\/p>\n<p>In addition to the strong product portfolio, Terma has delivered a record result despite the challenges due to acceleration of strategies that were launched long before Corona.<\/p>\n<p>\u201cWe aimed at increased digitalization, internationalization, and commercialization, and we succeeded,\u201d says Jens Munk Hansen.<\/p>\n<p>In 2020, Terma has expanded in the U.S., established an office in Indonesia, launched a new website, and set new standards for delivery of products to customers online.<\/p>\n<p><strong>Find the full Annual Report<\/strong> <a href=\"https:\/\/www.terma.com\/who-we-are\/our-reports\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>here<\/strong><\/a>.<\/p>\n<p><strong>Facts:<\/strong><\/p>\n<ul>\n<li>Terma is Denmark\u2019s leading supplier of defense equipment, and the company supplies components for defense, security, and space applications<\/li>\n<li>Terma benefits from Denmark&#8217;s involvement in the F-35 program, the world&#8217;s largest industrial project. 700 of Terma&#8217;s 1,783 employees work within the F-35 program.<\/li>\n<\/ul>\n<p><strong>About Terma<\/strong><br \/>The Denmark based high-tech Terma Group develops products and systems for defense and non-defense security applications; including command and control systems, radar systems, self-protection systems for aircraft, space technology, and aerostructures for the aircraft industry.<\/p>\n<p><strong>Follow us on:<\/strong><br \/><a href=\"http:\/\/www.terma.com\" target=\"_blank\" rel=\"noopener noreferrer\">www.terma.com<\/a><br \/><a href=\"http:\/\/instagram.com\/terma_group\" target=\"_blank\" rel=\"noopener noreferrer\">www.instagram.com\/terma_group<\/a><br \/><a href=\"http:\/\/www.twitter.com\/Terma_Global\" target=\"_blank\" rel=\"noopener noreferrer\">www.twitter.com\/Terma_Global<\/a><br \/><a href=\"http:\/\/www.linkedin.com\/company\/terma-a-s\" target=\"_blank\" rel=\"noopener noreferrer\">www.linkedin.com\/company\/terma-a-s<\/a><br \/><a href=\"http:\/\/www.youtube.com\/user\/TermaTV\" target=\"_blank\" rel=\"noopener noreferrer\">www.youtube.com\/user\/TermaTV<\/a><\/p>\n<p><strong>Media contact:<\/strong><br \/>Helle Svensson<br \/>T:+45 5170 1693<br \/>E: <a href=\"mailto:hsvs@terma.com\">hsvs@terma.com<\/a><\/p>\n<p><i>Liability for the content of the news assumed by the issuer.<\/i><\/p>","protected":false},"excerpt":{"rendered":"<p>2020\/21 was a record year for Terma, which now announces its annual results.<\/p>\n","protected":false},"author":1,"featured_media":707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,27,29],"tags":[],"class_list":["post-850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","category-industry-news-f","category-terma"],"_links":{"self":[{"href":"http:\/\/www.icas-group.org\/wp\/wp-json\/wp\/v2\/posts\/850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.icas-group.org\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.icas-group.org\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.icas-group.org\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.icas-group.org\/wp\/wp-json\/wp\/v2\/comments?post=850"}],"version-history":[{"count":2,"href":"http:\/\/www.icas-group.org\/wp\/wp-json\/wp\/v2\/posts\/850\/revisions"}],"predecessor-version":[{"id":853,"href":"http:\/\/www.icas-group.org\/wp\/wp-json\/wp\/v2\/posts\/850\/revisions\/853"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.icas-group.org\/wp\/wp-json\/wp\/v2\/media\/707"}],"wp:attachment":[{"href":"http:\/\/www.icas-group.org\/wp\/wp-json\/wp\/v2\/media?parent=850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.icas-group.org\/wp\/wp-json\/wp\/v2\/categories?post=850"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.icas-group.org\/wp\/wp-json\/wp\/v2\/tags?post=850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}