The Board of Directors report provides a comprehensive review of DNV GL’s strategy and performance for the year as well as the Board’s outlook for the future. The financial statements are prepared in accordance with the Norwegian Accounting Act and regulations on simplified IFRS. The financial reporting is audited and the sustainability reporting is assured by an independent third party.

Board of Directors' report

2016 was the first year of the current strategy period, 2016 to 2020. After one year, the strategy has proven to be relevant, robust and adequate through challenging market developments and significant changes in global trends, risks and opportunities. However, the accelerated contraction in the oil and gas and maritime markets resulted in currency-neutral negative growth in 2016.

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