11 May 2017
Skamol increases profit and prepares itself for growth through a new strategy
The construction of the new factory in Poland is progressing as planned and supports Skamol’s growth ambition within the two newly established Building and Industry divisions
In recent years, Skamol has seen a growth in the activities related to building and the growth has continued in 2016.
Approximately 1 year ago, Skamol decided, as a natural development, to build a factory in Opole, Poland to support the continued growth. The construction of the factory began in the summer of 2016 and is progressing as planned. The plant will be ready for production at the end of 2017.
In 2016, there was a reduction in turnover, which is primarily related to traded goods in the industrial areas. At the same time, Skamol increased profit by 4%, so that EBITDA in 2016 increased to 79 million DKK.
On 1 January 2017, Karsten Lundgaard was appointed as new CEO. Since Karsten Lundgaard’s accession, a new strategy for Skamol has been implemented with a focus on customers and growth in sales and profit in the building and industrial areas.
"A powerful platform, comprising efficient production facilities, growth in building areas, expansion of the production facilities in Poland and the new strategy places us in a very strong position to grow Skamol going forward. Lately, in the month of April, we have launched the interior insulation system SkamoWall comprising SkamoWall Boards and a number of other additional Skamol products", says Karsten Lundgaard.
The strategy, which has been named “Skamol way forward” involves internationalisation of the company, divisioning into Building and Industry, and the development of a regional structure in the Building division to create even greater growth within this division. Furthermore, the strategy is targeted at achieving a greater utilization of the production capacity.
"Due to our close contact with customers, knowledge of customer's needs, technical skills and production capability, we are in a very strong position when it comes to delivering technical insulation systems. This position is enhanced by the unique raw materials that we have had at our disposal since the company's foundation. Combined with acquisitions based on e.g. market opportunities, we will use these advantages to create value for customers and ensure higher market shares in existing and new markets where we have obvious opportunities to deliver value." elaborates Karsten Lundgaard.
Read the full annual report at here.
Annual Report 2016