INTERNATIONAL
The Jensen-Group has reported another record year, with revenue for 2016 increasing by 11.1% to 318.2million euro from 286.3.million euro in 2015. The company attributes this success to its global presence and its continued customer focus on innovative product development.
Significant investments in laundry automation processes and the expansion of its local presence and manufacturing capacity allowed the group to grow exceptionally over the past two years.
Jensen continues to build a local presence in every market. In 2016, the company acquired the distribution activities of its long-standing Norwegian partner Sipano Norway and started an own sales and service centre in Denmark.
The foundation of these two new companies rounds off the company’s strategy to have own sales and service centres in Europe, Jensen’s largest market.
Jensen’s offices in China, Dubai and Japan have been expanded, while a strong rebound in orders from its European home market and a strong market in the USA helped to drive record revenue.
Last year also saw important investments, including the acquisition of a minority share in Tolon. The participation in Tolon has enhanced Jensen’s market share for stand-alone washer extractors and dryers within heavy-duty laundries. In July, a second factory was inaugurated in Xuzhou/China, ensuring a wider product offering to the fast growing Chinese market. A further investment was made in Denmark with a third factory that was put into operation in 2016 and that will support the company’s ambitious growth plans.
On 1 February 2017, the Jensen-Group acquired the activities of the German company Sykom. The activities of its former supplier Sykom will be continued and further developed by Jensen Components GmbH, a wholly-owned subsidiary of Jensen-Group that produces system components made of metal.
“In 2016, we invested in two new factories, two new distribution companies as well as a JV for software and a participation in TOLON. This has been done in a year with record turnover,” said Jesper Munch Jensen, CEO of the Jensen-Group. “Our customer-centred strategy is paying off and we are determined to develop new products and services that will delight our customers.”
INNOVATION ON SHOW: Jensen welcomed laundry visitors from all continents to a booth full of innovations at the Texcare International Show in Frankfurt last June. Jensen’s management and sales/marketing staff were proud to show the many innovations that were on display.
