Page 5 - Nemko - Annual performance - 2023
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Additional landmark changes in 2023 included Our performance
investments and expansion of three of our
key laboratory locations in Korea (Seoul), India The group’s operating revenues increased by
(New Delhi) and the USA (Austin, TX). Service 25.9 percent from NOK 959.3 million in 2022
expansion does not always require physical to NOK 1,207.5 million in 2023. The group’s
equipment or buildings but also comes through operating profit ended at NOK 53.9 million
gaining new capabilities and accreditations (compared to 16.9 in 2022) with an EBITDA
at existing facilities. As an illustration, Nemko margin of 10 percent and profit before tax of
North America was uniquely recognized by NOK 57.4 million (NOK 9.0 million).
the Korean RRA in 2023 as a certified body “With the latest enhancements to our Enterprise
for Korea under the APEC TEL MRA, making Resource Planning (ERP) systems, including
Nemko the first lab in the region to offer local sophisticated accounting software, Nemko
testing and approval of products destined for has realized greater levels of efficiency and
the Korean market.
agility. This modernization has accelerated
At a global level, we remain a key player in the our operational output and unveiled a clear
IECEE CB Scheme, an international framework perspective on our key performance indicators,
for the mutual recognition of electrical and ensuring that our strategic decisions are data-
electronic product safety certifications, aiming driven and future-focused,” the CEO explains.
to streamline global trade by aligning national
standards with international ones. As a National From legacy to leading edge:
Certification Body (NCB) and voting member Milestones in a 90-year journey
body Nemko mentors 16 CB Test Labs (CBTL)
in the scheme. Once again, we have secured With the advent of electricity in Norwegian
the highest number of certificates recognized homes at the turn of the 20th century, Nemko
by other National Certification Bodies (NCBs), emerged in 1933 as a beacon of safety,
underscoring the success of our international ensuring electrical products were safe for use
approvals program. at home or the workplace. As the organization’s
“By monitoring industry trends in emerging expertise deepened, it expanded its reach
technologies, changes in supply chains and beyond Norway’s borders, especially after 1990
political shifts that impact trade, Nemko when Norway joined the European Economic
continues to imagine new services portfolios as Area and adopted European safety standards.
well as expanding our physical testing presence Transitioning into an independent foundation,
in key markets based on customer demand.” Nemko maintained its stature as a leading
shared Per Ove, “While we maintain a focus on supervisory body. Today, with a 90-year legacy,
exceeding customer satisfaction in our niche, Nemko’s global team of 750 experts across 28
Nemko’s agility allows us to compete effectively locations continues to champion product safety,
on a global scale.” making the world a safer place.
In 2023, Nemko Group AS celebrated its
90th anniversary as a testing, inspection,
certification, and compliance (TICC) industry
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