AX V Nissens ApS (the listing entity)

Annual Report 2017/2018 enclosed

Nissens Group 

We hereby publish the Annual Report for AX V Nissens ApS holding the activities in K. Nissen International A/S.

Continued growth by K. Nissen International A/S

The annual report for K. Nissen International A/S shows a net revenue of the fiscal year 2017/18 that amounts to 1,676 million DKK against last year’s net revenue of 1,604 million DKK. The EBITDA result developed from 207 million DKK to 197 million DKK.

Mikkel Krogslund Andersen, CEO, states:

”During the fiscal year of 2017/18, we have seen a development as expected in Nissens Automotive, just as Nissens Cooling Solutions has made a better result than expected in the industrial segment. However, Nissens Cooling Solutions has been challenged by the general changes that the wind turbine industry has witnessed during the past year, and it has had a negative impact on our revenue as well as on our earnings, where we have not developed in line with our achievements from the past years”.

Despite a decrease in earnings by the end of the fiscal year 2017/18, Mikkel Krogslund Andersen has a positive view on the opportunities in the coming years:

”We are very focused on our development of the three business segments that we operate in – the international aftermarket, the industrial segment and the wind turbine industry. We see a significant potential in the product and category strategy, which we have defined for Nissens Automotive as a strong contribution to creating additional growth in the aftermarket. At the same time, we maintain our focus on supporting the global wind turbine industry by investing in new solutions and services to our customers. With an ambitious strategy plan based on eight Must Win Battles towards 2021, we have committed ourselves to ensuring the continued development of the business and additional value creation to our customers”.

For additional information, please contact:
Nissens, Ormhoejgaardvej 9, DK-8700 Horsens, phone: +45 76 26 26 26
Press Officer: Rikke Kroer Høberg, VP HR & Global Group Services
Cell phone: +45 26 88 00 51 | E-mail: rkh@nissens.com

 

 

 

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