Following another successful year, Carl Hansen & Son is investing in a 37,000-square-metre industrial estate on the Danish island of Fyn to accommodate steadily increasing demand across all markets.
Carl Hansen & Son has released its 2015 annual report, demonstrating satisfactory financial performance, with revenue increasing for the sixth consecutive year.
Carl Hansen & Son will be making a significant investment in additional production facilities in Denmark - on 1st January 2017, the company will take over the entire industrial estate in the city of Gelsted on the Danish island of Fyn, where Carl Hansen & Son already runs two production facilities.
Knud Erik Hansen, owner and CEO of Carl Hansen & Son, says: “We have been running production in Gelsted for around two years now, and the industrial estate presents the best conditions for our future development. Our vision is therefore to consolidate our production at the site. Our long-term plan is to move all our production activities from our 6,500-square-metre facilities in Aarup- also on Fyn - to Gelsted.”
A part of the newly acquired production area will continue to be rented out to current commercial tenants for a number of years.
Carl Hansen & Son has made solid progress for the sixth year running. Revenue has increased by 28% compared to the previous financial year, which is satisfactory. Profit before tax has risen by 31%, and should be viewed in relation to the significant investments Carl Hansen & Son made in 2015.
Knud Erik Hansen explains: “Over the past five years, we have invested heavily in new production facilities, sales channels and staff. This has boosted our competitiveness at a global level, which is reflected in our steadily rising revenue. At our current growth rate, our target revenue of DKK 500 million (67.1 million EUR) in 2017 is well within reach.”
Carl Hansen & Son increased its workforce in 2015, bringing in an additional 39 employees both into production roles and to signi ficantly enhance staff functions.
“We are enjoying a period of excellent development,” continues Hansen. “Carl Hansen & Son is increasing its workforce by double digits every year, and this is a tendency we expect to continue in the future – particularly in production and in our international sales force. It is interesting to look back at the growth we have achieved since we moved out of our 3,500-square-metre facilities in Odense, Denmark in 2002 from our vantage point today, when we are on the verge of taking over facilities ten times that size in Gelsted. Carl Hansen & Son is indeed proof that production in Denmark is very competitive.”
70% of Carl Hansen & Son’s revenue is still generated on the company’s export markets.
Revenue for Q1 2016 was 22% higher than in the same period last year, which gives grounds to expect revenue for 2016 as a whole to increase by DKK 60 million to DKK 420 million (8.1 million EUR to 56.4 million EUR). The profit before tax for 2016 is expected to total approximately DKK 25 million (3.4 million EUR).
To further strengthen its brand, Carl Hansen & Son expanded its presence in Copenhagen at the start of 2016, creating a design hub with three locations dedicated to the Carl Hansen & Son design universe on Copenhagen’s leading art and design street . Moreover, Carl Hansen & Son recently opened a new showroom in Milan, and plans to move its New York City showroom to a new, larger location before the end of the year.
