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Another year of solid growth for KEMA in 2011

Knowledge-based energy services company, KEMA has once again achieved a solid increase in sales and operating results in 2011. Sales in 2011 grew by 5% to EUR 258 million (2010: EUR 245 million).

Thijs Aarten, Chief Executive Officer, DNV KEMA Energy & Sustainability

Organic constant currency growth was 7% compared to 9.5% in 2010. The normalised operating result (earnings before interest and taxes, excluding costs for changes related to KEMA's shareholder base) rose by 6.8% to EUR 20.3 million (2010: EUR 19.0 million). The strongest contributors to growth were energy efficiency-related consultancy activities in the US, and worldwide activities in testing, inspection, and certification of innovative industrial energy equipment.

Thijs Aarten, Chief Executive Officer, DNV KEMA Energy & Sustainability (pictured), stated: "We are looking back at a strong 2011. Although North European markets see some pressure, our overall outlook remains favourable as we see solid trends continuing to drive investments in the energy sector around the globe. At the end February 2012, we joined forces with the energy and sustainability experts of DNV to create DNV KEMA Energy & Sustainability. This new combination is perfectly positioned to realise our global ambitions."

Last year was an important year for KEMA. The company initiated a detailed and comprehensive review of its strategic options, which resulted in the creation of the new company, DNV KEMA Energy & Sustainability, on 29 February 2012.

In May 2011, Thijs Aarten succeeded Pier Nabuurs as Chief Executive Officer (CEO) of KEMA. The Executive Board was expanded to three people with the appointment of Hans van Haarst as member of the Executive Board and Jos Huijbregts as Chief Financial Officer.

KEMA's 2011 results reflect several global energy trends, including innovations and investments in energy infrastructures, and energy efficiency that contribute to the transition toward a sustainable energy system. KEMA further invested in expansion of the capacity and capabilities of its labs, following the progressive rise in demand for independent testing, inspections, and certification of innovative industrial energy equipment. The company further strengthened its global position with the acquisition of 70% of Sinopower in China, a leading management consultancy company for the Chinese energy sector, and the opening of the Smart Grid Interoperability Lab in Erlanger, Kentucky, US.

Also in 2011, KEMA anchored its new matrix organisation, accelerating knowledge sharing around the globe and creating more focus on the local energy markets. The average number of full time employees amounted to 1,624 (2010: 1,528); an increase of 6%.

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