In 2024, we celebrated our 60th anniversary at DHI as pioneers in water. For six decades, we have innovated new ways to use, manage and live with water, and our innovation has been implemented and put to practical use in projects and software all over the world. We recognise that innovation, in order to be truly valuable, must be turned into action and impact, and we are privileged to be working with some of the most ambitious clients in the world.

With climate change intensifying and water mismanagement continuing to exacerbate the challenges with water scarcity, water quality and water environments, innovation is as important as ever. Throughout 2024, we defined our long-term global Research, Development & Innovation strategy. We have developed it in close dialogue with our clients and our global research partners, based on their challenges and insights. Together, we have set the bar high for the future.

I very much value this collaboration across the water universe, and I look forward to us delivering on our ambitions together. In DHI, we are committed to developing new skills, knowledge and advanced technology to protect water environments and biodiversity, reduce CO2 emissions, increase water efficiency and reduce water stress and increase resilience of coastlines and societies.

Driving profitable growth for innovation

Our ambition is backed by our financial performance in 2024. Our order inflow totalled an all-time high of EUR 170.1 million in 2024, up 4.8% from the year before. Revenue increased organically by 11.3%, also to an all-time high of EUR 147.0 million. Our EBITDA more than doubled from the year before, ending at EUR 5.0 million, while EBIT was EUR 2.4 million for the year, also a significant improvement from last year. All the while, we continued to invest significantly in RD&I, with a total RD&I investment of EUR 15.4 million.

DHI is a signatory member of the United Nations Global Compact (UNGC) and its 10 principles, and throughout 2024, we took steps to advance our efforts to enable a sustainable future for water. We established DHI’s new global centre for RD&I and increased the number of PhDs and postdocs employed by DHI.

During the year, we enhanced our suite of software products, designed to help clients accurately analyse, model and simulate water environments. New innovations include a significant expansion of FEFLOW, our groundwater modelling software, and the launch of MIKE Mine, a model-based digital twin designed to address inefficiencies in mine water management. Moreover, we launched DHI BlueCast, our new marine forecasting solution for offshore wind operations.

DHI contributed to more than 2,800 active projects worldwide in 2024. We have shared some of these projects throughout this report, and as always, I am immensely proud of the work that we do every day.

Behind every project and every breakthrough at DHI stands a dedicated team of highly qualified specialists who are amongst the very best globally within their field of expertise. Every day, my colleagues turn complex challenges into actionable solutions in close collaboration with our clients and partners. I want to thank every one of them for their efforts and commitment

As we celebrate our past and shape our future, we remain dedicated to continuing our quest for innovation, and for making an impact. We strive to enable a sustainable future for water and put our dedication into doing so every day. Together with our clients and partners, we form a powerful global ecosystem of knowledge, tools and commitment, and together, we turn innovation into impact.