April 26th 2007
Duba-B8 records growth in revenue and earnings
Net revenue for the year was DKK 310 million, an increase of 15% on the previous year’s combined revenue of both companies. Operating earnings before merger costs, financial items and tax amounted to DKK 16.1 million. Net income before tax was DKK 4.5 million. The Management describes the performance as satisfactory. Duba-B8 has experienced such strong growth in orders since the turn of the year production capacity is currently being expanded.
“Substantial growth in both revenue and earnings has been achieved in the very first year following the merger. The integration of the two companies has been completed, and joint product development, sales and production will now form the basis for further expansion in the future. Instead of competing within the same customer segment, we can now service our Danish and international customers through a single professional organisation – with all the advantages that entails. Both for customers and for Duba-B8”, says Chief Executive Christian Vindstrup.
In 2006, as a consequence of the merger, Duba-B8 closed down a factory in Nykøbing Falster in order to combine all company production at the more advanced factory in Bjerringbro, where the work force has been expanded considerably. Duba-B8 also signed component manufacturing contracts with a number of cooperation partners inside and outside Denmark – particularly for production of the company’s extensive range of office chairs.
Significantly increased sales
The general growth in the economy has created an urgent need for many thousands of new office jobs. This applies in virtually all industries and sectors, and the demand for quality products for office furnishing has risen strongly.
“At Duba-B8 we are naturally delighted with this positive market trend. Since the start of the year we have experienced such strong growth in orders that our challenge is now to expand production capacity so that we can meet the increasing demand for our products,” says Christian Vindstrup.
Continuing growth
”With full order books and many new products and projects in the pipeline we have good reason to expect that we can continue growing through 2007,” says Christian Vindstrup.
