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March 30, 2015 1:00 PM ET

Professional Services

Company Overview of Stork B.V.

Company Overview

Stork B.V., through its subsidiaries, provides knowledge-based asset integrity management services to oil and gas, chemical and refining, power, subsea, railway, and food and pharmaceuticals industries worldwide. It offers asset management consultancy services in the areas of strategic asset management, asset reliability management, organization and processes, implementation power, outsourcing, and asset lifecycle; and rotating equipment services, including rotating equipment diagnostics, turbo machinery maintenance, blade production, gearbox repair, pump, and railway services. The company was founded in 1827 and is headquartered in Utrecht, the Netherlands. Stork B.V. operates as a subsidia...

Van Deventerlaan 101

Utrecht,  3528 AG

Netherlands

Founded in 1827

13,225 Employees

Phone:

31 30 669 1700

Key Executives for Stork B.V.

Chairman and Chief Executive Officer
Age: 60
Compensation as of Fiscal Year 2014.

Stork B.V. Key Developments

Stork Receives Major Apache Contract

Stork has been awarded a significant three year contract extension with two one-year extension options, for global oil & gas operator Apache. Stork will provide Apache a full range of integrated Fabric Maintenance support services including: scaffolding, insulation, coatings, passive fire protection, deck support, environmental and decontamination and rope access. The initial contract was awarded to Stork in 2009 and has now been extended until 2017.

Stork Announces Earnings Results for the First Half of 2014

Stork announced earnings results for the first half of 2014. For the period, the company's revenue increased by 2.2% to EUR 685.0 million against EUR 670 million a year ago. Total EBITDA increased by EUR 7.4 million, 27%, to EUR 34.8 million against EUR 27.4 million in half year of 2013, driven by volume growth in Continental Europe, Colombia and Australia, well controlled overhead costs and benefits of restructuring programs initiated in 2013. Cash flow from operations was EUR 23.9 million against EUR 1.3 million a year ago, influenced by good debtor collections and increased creditor days at year end 2013. Net debt increased from EUR 280 million in December 2013 to EUR 330 million in June 2014.

Jacobs Engineering Group Inc.'s AJS Joint Venture with AMEC and Stork Wins Contract Extension

Jacobs Engineering Group Inc. (JEC) announced that its AJS joint venture with AMEC and Stork has won a contract extension to continue providing integrated services to the Shell (RDS-A) ONE gas Southern North Sea asset base. The contract includes a base period of 5 years, plus a further 5-year option period.

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