INTERNATIONAL
The Jensen-Group has reported an increase in operating profit (EBIT) for the first six months amounts of 2017 to 16.3 million euro, which is 17.3% higher than last year.
Revenue of the first half-year of 2017 rose to 173.5 million euro, a 5.5% increase compared to last year.
The company attributes this success to starting from a strong order backlog at the beginning of the year. At June 30, 2017 the order backlog increased by 15% compared to the backlog at June 30, 2016. Excluding orders that will not be delivered in 2017 and considering the finished goods and work in progress, production backlog is 18% higher than as at June 2016.
On 1 February 2017, Jensen-Group acquired one of its major German suppliers. This backward integration improves the company’s ability to control the quality of the product and to react faster to market conditions. As this transaction represents only a change from third party supplier to internal supplier, it does not have a material impact on the company’s consolidated figures.
On 11 May, 2017, the Jensen-Group increased its shareholding in Tolon Global Makina Sanyi Ve Tikaret Sirketi, Turkey, by 6.33% to 36.33%. The Jensen-Group has the option to acquire up to 49% of the shares within a period of three years.
