JENSEN-GROUP reports slight drop in revenue for first half year

12 August 2019

INTERNATIONAL

The JENSEN-GROUP reports that the absence of large-scale projects in the first half year have led to a slightly lower revenue compared to last year. Revenue amounted to 177.6 million Euros in the first six months. Thanks to strong investments in new products and markets, the Group management remains positive for the future.

In a statement issued on 8 August, the company is confident that the laundry industry is still a growing market. Worldwide travel flows continue to rise steadily. Today, 1.3 billion people are on the move, and soon every fifth inhabitant of the world will travel. UNWTO, the United Nations’ Tourism Organization, expects the number of arrivals worldwide grow to 1.8 billion until 2030 – all thanks to the growing prosperity in Europe, South America and Asia. The number of tourists is increasing, as are stays in hospitals and nursing homes.

Jensen said that its two-tier sales strategy with high-tech products from its Western factories and single machines exported from its own factory in China under the ALPHA by JENSEN brand is bearing fruit. “This new second brand with its range of value-engineered machines was officially introduced in the North-American market at the recent Clean Show in New Orleans in June. The reactions from customers visiting the JENSEN booth were very encouraging. The new product launches for the washroom and the finishing area were well received, as were our Industry 4.0 solutions with laundry robotics utilising AI from Inwatec and total data management with Globe by Gotli Labs.

“Never before has the JENSEN-GROUP launched so many new products at one single exhibition (see also www.jensen-group.com/creatingthefuture). Our broadly based product portfolio and presence in established and new markets will allow us to offer solutions for laundries of all sizes and complexity levels. This is what differentiates the JENSEN-GROUP from many of its competitors and increases its attractiveness for both key accounts and regional laundries.”

“After many years of continuous growth, we had already expected such a slight consolidation, especially because there were less big turn-key projects than in the past,” said Jesper Munch Jensen, CEO of the JENSEN-GROUP. “Nevertheless, we approach the future with confidence. Our engineering teams are now going many extra miles to make sure that we will be able to excite our customers, and grow our market shares and revenues.”

 



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