Strategic actions have produced the intended effect18-03-2016
Results for 2015 satisfactory seen in isolation, but focus is on the long term
”Our aim is to safeguard the long-term interests of our shareholders, and the existing ownership structure allows us to do that. I am pleased to see that the stronger foundation for future growth that we have aimed to build and previously announced has materialised in the form of results in all business areas at a level that we consider very satisfactory given the market circumstances”
, says the CEO of VKR Holding, Jan Lundsgaard Jensen.
After a satisfactory year in 2014 for all business units, there was an improvement in 2015 due to full-year effects of initiatives taken earlier as well as further optimisation in the year. However, it should be noted that in addition to slightly favourable market trends in 2015, results were positively impacted by exchange rate developments and lower prices of raw materials.
The VKR Group recorded total revenue of DKK 17.7 billion in 2015, corresponding to a growth rate of just above 8% relative to 2014. EBITA was DKK 2.9 billion compared with DKK 2.0 billion in 2014. Towards the end of 2015, there was a slowdown in activity levels in some markets, which may give rise to some uncertainty about 2016. The Management’s summary of the financial forecast described in the Annual Report is a profit for 2016 at the same level as in 2015 based on the current market outlook. The forecast is subject to uncertainty with respect to geopolitical issues and developments in the financial markets, which are considered the most important uncertainty factors that could affect the profit for 2016.Contact persons:
Jens Bekke, VELUX A/S, Media Relations +45 45 16 48 78
Astrid Bohn Bosworth, Executive Secretariat, VKR Holding A/S +45 39 57 05 43About VKR Holding
VKR Holding is a limited holding and investment company with the objective to create value through financial investments and ownership of companies. In total, the VKR Group employs about 13,500 people in more than 40 countries. VKR Holding owns companies that bring daylight, fresh air and a better environment into people's everyday lives. VKR Holding is wholly owned by foundation and family and the foundation VILLUM FONDEN is the major shareholder.