International
The Jensen Group has reported a 13.7% rise in operating profit (EBIT) to 11.9million Euro in the six months to 30 June 2014. Revenue at 121.2million Euro was close to that in 2013.
A 38% rise in the order backlog compared with the figure for 30 June 2013 meant that the company now expects profitability for the full year to be better than in 2013. A net profit of 8.2million Euro represented an increase of 16.6 % over last year's figure.
The report also outlined its plans. It said that Jensen Group executive management has also decided to open a sales and service centre in Auckland in response to growing demand for ecological heavy-duty laundry solutions in New Zealand.
The Group said that the main risk factors for 2014 are the competitive pressures and also volatility in the financial markets, which could affect customers' investment decisions. Other risks include high exchange-rate volatility and fluctuating costs for raw material, energy and transport.
