Annual Report 2021

Group turnover in 2021 was MNOK 7 392, operating profit (EBIT) MNOK 896, and the profit after tax and discontinued operations MNOK 1 234, versus a loss of MNOK 1107 in 2020.

“It is safe to say that when leaving 2020 behind, these results were not at all on our minds. Luckily, markets have improved, and operations are more streamlined, securing solid financial results across all companies in the Grieg Group. Thanks to our dedicated colleagues, we face a future of development and financial performance following our Group strategy”, says Elisabeth Grieg, Chair of Grieg Maturitas, and co-owner of the Grieg Group.

Throughout the Grieg Group, all companies have performed very well during 2021. For some, like Grieg Shipbrokers and Grieg Investor, 2021 was their best year ever. Grieg Logistics made a zero-profit result due to scale-up in their maritime tech-company Grieg Connect. Grieg Seafood managed to turn tides and deliver above expectation with a total harvest volume of 75 601 tons (ex Shetland). Grieg Maritime Group has witnessed a tremendous increase in the international shipping market, delivering its most significant financial result in a decade.

“This has been our strongest performance for many years. We use this opportunity to strengthen our foundations, providing a solid platform for future growth and developing new business based on sustainability and innovation,” says Grieg Maritime Group CEO Matt Duke.