EBIT margin was 12.6%, and net profit was DKK 491 million. Revenue and EBIT were positively impacted by a one-time effect of DKK 91 million related to a technology project. Cash flow from operating activities amounted to DKK 1.2 billion based on a significant improvement in the working capital balance as well as a strong cash flow from daily business.
Catalyst revenue increased by 13%, reflecting improved revenue from the catalyst business in both the refining and chemical business areas. Technology revenue increased by 9% driven by a number of large technology projects that were successfully completed in 2018.
“2018 was a good year for Topsoe. The results are very satisfactory and reflect a healthy core business with growth potential. We have received a significant amount of new orders during the year, and we have been able to introduce several innovative products that address our customers’ needs,” says Bjerne S. Clausen, CEO.
