2 jaar geleden gepost

Nassau Door A/S achieves solid profit

In 2015/16 the Nassau Door A/S group turned last year’s loss into a solid profit, and it is expected that the growth trend will continue this year.

Nassau Door A/S, headquartered in Ringe, Denmark, looks back on a satisfactory year with growth and profit in the group companies.

The group, specialised in industrial doors and complementary products, ended the financial year with an operational profit of DKK 14.3 million compared to a loss of DKK 11.7 million the previous year. The positive development is achieved despite a marginal decrease in net sales to DKK 428.1 million.

– It is both a great and satisfactory result for Nassau Door A/S. We look back at a year in which all our group companies were profitable, with the exception of Norway, where a small loss-making department was closed down during the financial year, says Jens Flesner, CEO of Nassau Door A/S.

The CEO points out that the development was achieved on the basis of a significantly increased focus on the core business, a complete range of industrial doors to the professional market and customised garage doors to the consumer market.

– The positive development is a result of our ability to focus on our core business, which is the production of industrial doors. Similarly we have been good at developing our service business, in which we maintain all types and brands of doors. The productivity has been improved through streamlining and adjustment of our organisation, continues Jens Flesner.

In connection with the adjustment of the organisation the group incurred non- recurring expenses of DKK 3.5 million.

For the next financial year, Nassau Door A/S expect sales on a level with 2015/16 and even better operational results.