NORWAY’S DNV has reported record results for 2023, supported in part by its maritime business.

The company posted an operating revenue of 31,594 million Norwegian kroner for last year, which was a 26.2% increase against revenue figures in 2022.

DNV said record profits were driven by “strong performance” in its six business areas, which include maritime, digital solutions and supply chain and product assurance, among others.

DNV said the results were driven by tighter regulations within the industries it operates in, including an increased attention among customers on decarbonisation and digitalisation.

The maritime business recorded revenues of 11,013 million kroner in 2023, which was an increase of 28.5% compared with 2022.

DNV said the classification business model has been resilient to geopolitical events, wars and other global shocks and adverse developments throughout the year.

“Despite geopolitical instability and turbulent economic conditions, DNV has yet again delivered excellent results,” DNV group president and CEO Remi Eriksen said.

“It demonstrates the resilience and relevance of our assurance and risk management position with our customers,” he said.

“I’m also glad to see that the growing demand for DNV’s services coincides with our customer satisfaction rates reaching a new high, demonstrating the excellent performance and expertise of our employees.”

DNV also attributed its 2023 growth to the six “strategic” acquisitions made throughout the year in cybersecurity aquaculture, and renewable energy.

“The acquisitions in 2023 are important for realising our strategy towards 2025, and we will see acquisitions high on our agenda also in 2024,” Mr Eriksen said.

DNV also grew the size of its workforce in 2023. The company has almost 15,000 employees, and the increase in the number of employees represents an increase of around 15.5% from 2022.