Financial information

For the past 15+ years we have experienced a positive turnover trend, fulfilling our target. In 2008-09 a peak was reached followed by a decrease in 2010 when the market reduced stock because of the financial crisis. Leading up to 2012 the turnover increased again due to increased market focus and after a declining 2013, the growth continued until 2018. In 2018 a continuous investment in new technologies and production capacities was made and 2019 was a year of consolidation with new investments in production capacity and production technologies.

Since 2019 the growth has increased more than expected because of the positive impact of the Corona pandemic, where more people invested in outdoor life. Due to this positive development, we build our factory no. 3 in An Giang, South Vietnam, to expand our production platform for additional development and growth. The year 2022 will bring additional increases in business activities. We foresee a decrease for 2023 due to high inflation and the overall global financial challenges.

The figure below illustrates our turnover development in the period 2016-2024 and budget for 24/25.