EIVAs thoughts on our software and hardware solutions

See more EIVA Log posts

EIVA announcing strong 2017 results and a positive outlook for 2018


The same year we celebrate our 40th anniversary, we are excited to publish our 2017 annual report showing strong results.


EIVA announcing strong 2017 annual results and a positive outlook for 2018


The 2017 results showed 20% growth (on gross profit) compared to 2016 and solid EBITDA and net results.


EIVA CEO Jeppe Nielsen commented: ‘The entire maritime industry has been affected by the oil price downturn since mid-2014. EIVA is no exception, but as we are seeing increased activity, we can conclude we have been less affected than many others have, and that EIVA is now in a stronger position than ever. We believe this is due to our strategy of using these past years to increase investments in product development, combined with the diversity of the segments in which we operate – covering not just oil and gas but also wind, construction, ocean science and hydrography, among others.’


One example of a product development initiative brought to life in 2017 is the establishment of a software development team  dedicated to bringing AI, deep learning and computer vision technology into the EIVA NaviSuite software products – a team which we are now further expanding due to the strong interest from customers in the possibilities this technology offers.


EIVA’s outlook for 2018 is very positive with an expectation of 20-25% growth (on gross profit) with similar growth in EBITDA and net results.


The positive development of 2017 and expected results of 2018 are driven both by significant activity from customers specialising in offshore wind as well as increased activity in the oil and gas sector due to the increase in oil prices seen over the past 12 months.  



Related articles


EIVA expands with a team located in Brazil


EIVA teams up with cable lay expert


Taiwanese representative added to the EIVA fleet



A teaser on EIVA’s implementation of VSLAM to support a real-time camera based scanning solution

During EIVA Days Denmark 2018, we presented a major expansion to the functionality of camera based scanning.

October 2 - 2018

Introducing EIVA ScanFish Operator Courses

In response to popular demand, we are excited to announce that EIVA will be hosting a unique training course f

September 27 - 2018

Highlights from EIVA Days Denmark 2018

Did you miss EIVA Days Denmark 2018?    Don’t worry, we have you covered with a quick debrief on wha

September 25 - 2018