2009 good results for Helifuel
The economic results of 2009 were good. The profit margin is 11 percent of the turnover. The company is financially solid with 50% of the capital as own capital. We have an economical good position and we are ready for further growth.
These are comments from the director of the board Paul Urke on the annual accounts for last year.
Helifuel is off course not unaffected by the financial crises and the setback in the international economy. Failure in the international market makes consequences for us. After many years with steady growth we are experiencing a stronger close-fistedness on the buyers side. More companies are appraising the market before a decision is made.
On the other hand we have a good position in the market. Helifuel has strengthened its sales organization with 2 new employees in the second half of 2009. We are delivering 15 to 20 helicopter refuelling systems per year. Approximately 1 to 2 systems per month.
Helifuel AS believes that the demand will get back to normal. When the time comes we are well prepared to handle our share of the growing international market says director of the board Paul Urke.