2020 was a different and difficult year in many ways as a result of the COVID-19 pandemic, and this is the main explanation for the 3% reduction in revenues compared to 2019. The Stiftelsen Det Norske Veritas group of companies (Det Norske Veritas) achieved revenues of NOK 20,911 million in 2020 and a net profit after tax of NOK 1,503 million.
Stiftelsen Det Norske Veritas is a free-standing, independent Norwegian foundation whose purpose is to safeguard life, property and the environment. Det Norske Veritas Holding AS is a fully owned subsidiary of Stiftelsen Det Norske Veritas and Det Norske Veritas Holding AS owns 100% of DNV Group AS (DNV). Stiftelsen Det Norske Veritas’ purpose is realized mainly through the ownership of DNV.
With a strong balance sheet, DNV is poised for growth and well-positioned to deliver on Stiftelsen Det Norske Veritas’ ambitious strategic goals and purpose.
You can download the full annual report 2020 here..