25 percent growth in 2012

We passed the NOK billion mark in 2011, and keep growing at a steady pace: The Omega concern showed NOK 1,3 billion in turnover in 2012, a 25 percent increase from the year before. At the same time, we welcomed 150 new team members worldwide. 

Published: 12.03.13

« This is the result of a team’s solid achievements both with clients and internally in Omega, high oil prices and many new projects. Our clients’ high investment level will continue for many years even though the investment growth is expected to decline. In 2013 and the coming years we will meet a market offering exciting possibilities as well as a tough competition on market shares, » says Omega CEO, Petter Aalvik. 

Last year’s turnover shows NOK 1,3 billion for the Omega concern; a 257 million increase in turnover from 2011. Turnover for Omega AS was NOK 1,17 billion.

« As for the preceding years, the 2012 results have not come easy. Winning new assignments requires long-term, hard and systematic work, towards a goal of becoming the best within one’s field. Omega benefits from 25 years’ experience in the market and the same long-term efforts both within Jobs and Pims,  »  Aalvik points out.

In comparison, the concern turnover in 2003 was NOK 122 million, and with 2012 included Omega has had an average annual turnover growth of 30 percent the last ten years.

In 2003 and 2004 new frame agreements, new system clients and a new technology platform boosted the Omega growth curves. We approached 200 employees and NOK 163 million in turnover, a 33 percent growth from 2003 to 2004.

In 2007 and 2008 focus was set on investments for future growth: Omega reinforced it’s organization platform and capacity. We passed 600 employees and NOK 662 million in turnover, a 34 percent increase from 2007 to 2008.

«The will for innovational thinking, development and improving our services has during the last decade lifted Omega from 141 employees and NOK 122 million, to 2012’s NOK 1,3 billion and more than one thousand employees worldwide.”

Omega received more than 2 400 new requests during 2012 and had several thousand new Pims users worldwide. This as a result of new products, new client agreements, more projects and solid services in the industry.

International growth

The 2012 development also received a boost from our international Omega teams. Pims has been the basis of our international staff for many years, and now consultancy services are accelerating on several continents.

“In 2012 we focused on building our consultancy services internationally at locations where we already had a well-established system business. With Mark navbar-brand in Houston, Simon Lee Calvert in Perth,  Lasse Norevik and Kjell Åge Iversen in Singapore this has resulted in several frame agreements and recruitment of new consultants in Omega. The highest growth has been in Singapore where Lasse and Kjell Åge today have more than 50 consultants on their team. Many of these are on assignments for SMOE, constructing installations for ConocoPhillips, Aalvik says.

Now, well into 2013, he sees no reason that this development will cease in the years to come, neither for Omega in Norway, nor internationally.

“With an oil price of USD 100 per barrel, new discoveries in the North sea, and many ongoing projects with our clients, the market will offer high activity in 2013. The last few years Omega has stepped up the systems technology even further, and we are now ready to introduce a new generation of Pims. We are looking forward to showing the marked what we have to offer in 2013, both on the system side as well as on the consultancy side.”