22 May 2020
The 2017 strategy, Skamol Way Forward, continues to deliver the desired results in 2019.
The 2017 strategy, Skamol Way Forward, continues to deliver the desired results in 2019, with revenue growth of 5% (30% since 2016) to DKK 403 million. Skamol also delivered 13% growth in operating earnings (EBITDA) to a new record of DKK 87 million. This result has been delivered while investing heavily in factories, product development and organization, including a global IT platform which was up and running by the end of 2019.
“By the end of 2019, Skamol is in a better shape than ever before, with a strong product pipeline and a robust business model that is supported by global processes and systems. Thus, Skamol now has an even stronger position in the global market” says CEO & President, Karsten Lundgaard.
Annual Report 2019: Strategy ensures record turnover and record earnings in Skamol