OverviewSuggest Edit

Lamprell is a provider of engineering, procurement, construction, and other contracting services to the energy industries. It operates through three segments: Rigs, Engineering Procurement, Construction & Installation (EPCI), and Contracting Services. The Rigs segment builds offshore and onshore drilling rigs and multi-purpose jackup liftboats for use in international operations. It also provides a suite of re-certifications, conversions, and major upgrade services for different types of rigs. The EPCI segment contains business from foundations, process modules, offshore platforms, pressure vessels and engineering and construction. The Contracting Services segment specializes in site works, operations and maintenance, manpower supply, and safety services.

TypePublic
Founded1987
HQDouglas, IM
Websitelamprell.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2020)5,000(-17%)
Revenue (FY, 2019)$260.4 M(+12%)
Cybersecurity ratingAMore
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Key People/Management at Lamprell

Christopher McDonald

Christopher McDonald

Chief Executive Officer
Tony Wright

Tony Wright

Chief Financial Officer
Hani El Kurd

Hani El Kurd

Chief Operating Officer
Peter Ireton

Peter Ireton

Vice President - Business Development
Kaye Krause Whiteing

Kaye Krause Whiteing

Vice President, Human Resources & Corporate Services
Lawrence Himsworth

Lawrence Himsworth

Vice President - Supply Chain Management
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Lamprell Office Locations

Lamprell has offices in Douglas, Erbil, Dubai, Sharjah and in 1 other location
Douglas, IM (HQ)
First Names House, Victoria Road
Erbil, IQ
No. 240/9/624 Sommer Street Ainkawa
Dubai, AE
Jebel Ali Free Zone
Sharjah, AE
Hamriyah Free Zone
London, GB
24 Fashion St
Show all (5)

Lamprell Financials and Metrics

Lamprell Revenue

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Lamprell's revenue was reported to be $260.45 m in FY, 2019 which is a 11.3% increase from the previous period.
USD

Revenue (FY, 2019)

260.4m

Revenue growth (FY, 2018 - FY, 2019), %

11.3%

Gross profit (FY, 2019)

(27.6m)

Gross profit margin (FY, 2019), %

(10.6%)

Net income (FY, 2019)

(183.5m)

EBIT (FY, 2019)

(169.1m)

Cash (31-Dec-2019)

26.2m
USDFY, 2017FY, 2018FY, 2019

Revenue

370.4m234.1m260.4m

Revenue growth, %

(37%)11%

Cost of goods sold

420.6m243.2m288.1m

Gross profit

(50.2m)(9.1m)(27.6m)
USDFY, 2017FY, 2018FY, 2019

Cash

283.0m99.5m26.2m

Accounts Receivable

39.3m46.7m22.5m

Inventories

50.5m90.6m89.8m

Current Assets

498.9m313.3m229.7m
USDFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

6.1m24.0m27.6m

Inventories

(24.6m)(40.8m)993.0k

Accounts Payable

20.6m(116.7m)13.2m

Cash From Operating Activities

32.6m(125.1m)(7.8m)
USDFY, 2017

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.6 x
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Lamprell Revenue Breakdown

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Lamprell revenue breakdown by business segment: 9.5% from Rigs, 64.2% from EPC and 26.3% from Contracting Services

Lamprell Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

Lamprell Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Lamprell Online and Social Media Presence

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Lamprell News and Updates

Lamprell awarded Saudi Aramco Engineering, Procurement, Construction and Installation (EPCI) contract

Lamprell, international service provider to the energy industry, is pleased to announce that it has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract* by Saudi Aramco as part of their Long-Term Agreement Programme (LTA) with Lamprell. This is the organisation’s…

Injazat and Lamprell Announce Joint Venture to Accelerate Digitalisation in the Energy Sector

Injazat the UAE’s leader in digital transformation and Lamprell have announced the signing of a joint venture (JV) agreement to create and market innovative digital solutions focusing predominantly on the renewables and oil & gas industries.

Revised Date for Full Year Results

Further to the Financial Reporting Council and the Financial Conduct Authority guidance of 27 January 2021, Lamprell plc announces a delay to the publication of its full year results for the period ended 31 December 2020.

Lamprell appointed on one of Saudi Aramco’s LTA projects

Lamprell is pleased to announce that it has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract (the “Contract”) by Saudi Aramco as part of their Long-Term Agreement Programme (LTA) with Lamprell.

Middle East’s first green trade finance facility issued by HSBC to Lamprell Energy

HSBC has issued the first green trade finance facility in the Middle East and North Africa region, raising US$48 million for UAE-based Lamprell to support execution of its fabrication work on the Seagreen Offshore Wind Farm project off the coast of Scotland.

Lamprell Frequently Asked Questions

  • When was Lamprell founded?

    Lamprell was founded in 1987.

  • Who are Lamprell key executives?

    Lamprell's key executives are Christopher McDonald, Tony Wright and Hani El Kurd.

  • How many employees does Lamprell have?

    Lamprell has 5,000 employees.

  • What is Lamprell revenue?

    Latest Lamprell annual revenue is $260.4 m.

  • What is Lamprell revenue per employee?

    Latest Lamprell revenue per employee is $52.1 k.

  • Who are Lamprell competitors?

    Competitors of Lamprell include Dycom Industries, Keppel and National Petroleum Construction.

  • Where is Lamprell headquarters?

    Lamprell headquarters is located at First Names House, Victoria Road, Douglas.

  • Where are Lamprell offices?

    Lamprell has offices in Douglas, Erbil, Dubai, Sharjah and in 1 other location.

  • How many offices does Lamprell have?

    Lamprell has 5 offices.