16 May 2018
The result of the growth strategy can be seen in the annual report for 2017, where Skamol’s turnover increased by 8% to 340 mio. Danish kroner, and EBITDA was increased by 5% to 83 mio. Danish kroner.
In 2017 Skamol has been redefined through the strategy Skamol Way Forward, a growth strategy with focus on internationalization of the two divisions, Building and Industry. As part of this strategy Skamol Group has invested in organization and activities. This new direction has created growth in turnover as well as profit and thereby Skamol has gotten back on the growth track. In addition to investing in a new production facility, Skamol has invested in all existing production facilities.
With Skamol Way Forward as a starting point, Skamol’s organization was strengthened in 2017 through a divisionalization in Building and Industry. This has led to a regional structure, which was enhanced in 2017 by Skamol’s acquisition of a distributor in Poland. The regional structure has also led to a significant increase of the sales organization, so that Skamol is represented in all major regions and countries today. This will support continuous growth through closeness towards our customers.
The result of the growth strategy can be seen in the annual report for 2017, where Skamol’s turnover increased by 8% to 340 mio. Danish kroner, and EBITDA was increased by 5% to 83 mio. Danish kroner.
”Supported by megatrends and the demand for sustainable solutions, we focus on innovation and development. This, combined with our close customer relations, understanding of the customers’ needs, technical knowledge and production capability, enables us to utilize our competencies, so that we continuously can deliver unique technical insulation systems. Hereby we have strengthened our position towards the market, where growth can be achieved organically and through acquisitions” says Karsten Lundgaard, CEO, Skamol Group.
”The focus in 2018 is on professionalizing Skamol even further – this is essential for Skamol in order to grow significantly over the coming years, and to become an increasingly bigger company with a global presence” Karsten Lundgaard elaborates.
Questions can be directed to CEO for Skamol Group, Karsten Lundgaard, telephone no +45 4063 5300.
Read the full annual report at here.
Best regards
Skamol A/S
Annual Report 2017: Strategy ensures Skamol a record result
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