The company posted almost RON1 billion revenue in 2017, however. The year 2019 is the first since 2015 when it saw growth in figures.
Damen Group took over the Mangalia shipyard in mid-2018 and renamed it Damen Shipyards Mangalia.
The group also owns the Damen Galati shipyard. That company posted slight decline in revenue, going from RON418 million (EUR98.7 million) in 2018 to RON480 million (EUR96.4 million), according to the same source.
Damen’s two shipyards employ some 4,470 people.
Romania’ shipbuilding market is put at more than RON3 billion a year and the top five shipbuilders are Damen Shipyards Mangalia, Vard Tulcea, Santierul Naval Damen Galati, Vard Braila and Santierul Naval Constanta. They account for more than 80% of the market and have some 8,000 employees.
(English version by Loredana Fratila-Cristescu)