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2015-04-16

Dietsmann N.V. : Dietsmann publishes its 2014 results

· Revenue stable at EUR 424.6 million

· Profit up to EUR 23.8 million
· New office opens in Bolivia

Breda, The Netherlands, 15 April 2015 - Dietsmann, the leading independent
provider of integratedOperation&Maintenance servicesfor oil, gas and LNG
production facilities and for power plants, has published its 2014 Annual
Report. Despite the business context becoming progressively more challenging
during the course of 2014, Dietsmann's revenue remained stable at 424.6
million euro, compared with 414.1 million euro in 2013.

Operating result (EBIT) amounted to EUR 42.9 million compared with the EUR
40.2 million reported in 2013. Net result rose from EUR 17.4 million in 2013
to EUR 23.8 million in 2014.

The North and Central Africa region and East Africa region made steady
progress in 2014 with revenue increases of 3.5% and 5% respectively and the
West Africa achieved a substantial 19% revenue increase. These increases more
than offset the overall 28% decrease in revenue from the Central Asia region
due primarily to the reduction of activities in Kazakhstan. During 2014
Dietsmann won new contracts in Angola, the Republic of Congo, Nigeria, Iraq
and Bolivia.
In 2013 Dietsmann started new branch activities in Bolivia and Mozambique
which will enable the Company to respond to key clients' needs in Latin
America and to serve increasing activities in Mozambique.

Peter Kütemann, Dietsmann's Chairman and CEO said: "With the rapid drop of the
oil price by 60% in the just over six months since June last year, it does
not come as a surprise that oil-companies, as a component of their
cost-cutting efforts, are demanding that contractors, like us, reduce their
prices. The pressure is mounting and we are obliged to respond. The challenge
is to find the balance between our clients' demands for cost reductions, our
employees' interest, our market share and our profitability. At the same time
we are working with technology partners to develop new, innovative
technologies that will help us offer our clients sustainable cost savings
that will last longer than quick-fix margin cuts and that will enable us to
provide our services in a more cost-effective way without compromising our
most fundamental values of safety, integrity and respect for people and the
environment. Notwithstanding the challenges and uncertainties currently being
faced by the industry and the world in general, I have every confidence that
the tried and tested Dietsmann resilience and resourcefulness will enable us
to meet the challenges ahead and come through them stronger than ever".

The complete 2014 Annual Report of Dietsmann N.V. can be downloaded in PDF
format from the company's website:www.dietsmann.com.

About Dietsmann

Founded in 1977, Dietsmann is the world's leading independent provider of
integratedOperation&Maintenance servicesfor oil, gas and LNG production
facilities and for power plants. The company has accumulated over 37 years of
plant and equipment know-how developed during long-term partnerships with
many IOCs and NOCs.

Dietsmann N.V. is a privately-held company with its registered office in
Breda, the Netherlands, international support and coordination offices in
Monaco, engineering offices in France and Italy and operational subsidiaries
in most oil producing, countries in West, East, Central and North Africa, the
Caspian Sea Region, Russia and Latin America.
The company is not an affiliate of any industrial or financial group,
equipment manufacturer, construction group or engineering firm. This
independence, which means that Dietsmann acts as an unconstrained expert
interface between its clients and OEMs, combined with its consistent focus on
its core business and its dedication to its clients, makes Dietsmann the most
reliable maintenance partner for any plant owner or operator.

Corporate governance

Dietsmann's major customers are large international energy companies listed on
the world's most reputable stock exchanges. These companies are subject to
high standards of corporate governance and expect their business partners to
apply these same high standards. Dietsmann's management fully acknowledges
the importance of good corporate governance and has developed procedures and
activities to apply the Dutch Corporate Governance Code, which specifies
policies and best practices for Management and Supervisory Boards,
shareholders, financial reporting, auditors, disclosure, compliance and
enforcement standards. Although the application of the Code is only
compulsory for listed Dutch companies and therefore not for Dietsmann, the
Management and Supervisory Boards use its provisions as a reference in the
development and implementation of good corporate governance regulations for
Dietsmann. These are published on the company's website, also in accordance
with the principles of the Code.

Contact
communication@dietsmann.com
Tel: +377 93 10 16 15
www.dietsmann.com

Dietsmann N.V. - Dietsmann publishes its 2014 results
http://hugin.info/141733/R/1911680/682153.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Dietsmann N.V. via Globenewswire

HUG#1911680

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