KE Fibertec AS lands a new record result in a difficult time23-04-2020
KE Fibertec AS in Vejen, DK, manufacturer of textile ducting for air distribution for all types of buildings, came out of 2019 with a fantastic result of just over DKK 24m in profit before tax - an increase of 35%. The gross profit rose to DKK 65.2m from DKK 58.3m compared to 2018.
"For competitive reasons KE Fibertec AS does not disclose turnover figures, but the increase in gross profit can be explained by a considerable growth in turnover, which we have succeeded in absorbing without noticeably increasing costs", CEO Carsten Jespersen says. "We are incredibly proud that we have now produced four record results over the past five financial years. It shows that we have established a sound foundation through long-term development of the company.
We are very grateful for the resilience that we have developed, especially now that the entire world market has changed in line with the spread of CoVid19", Carsten Jespersen continues. "It is a difficult time right now for everyone, not least for the families affected by CoVid19 on a personal level, but it will also be difficult later when society eventually reopens. We supply the construction industry, and historically the construction industry has always been in the eye of the hurricane when international crises and subsequent recessions have occurred.
Therefore, our expectations for 2020 are very mixed. Will the CoVid19 pandemic be a prolonged crisis and have the same impact as the financial crisis in 2008-2009, or will a gradual normalization occur after the summer holidays? We don't know, but no matter what, our business model must now stand its test", Carsten Jespersen continues.
"For that reason we have decided to continue the projects already launched in order to ensure future growth. Among other things, we are currently seeking a new Sales Manager/Business Manager to develop our German subsidiary. It is our philosophy that new opportunities always arise in a changing market. We must pursue these opportunities without being naïve. In case of a long-term crisis and a lower development than expected, we will of course adapt continuously",
Carsten Jespersen concludes.
Key figures of KE Fibertec for the last three years:
KE Group key figures
Profit before tax
Net profit for the year
Number of full-time employees
Please, note that KE Fibertec's group financial statements are consolidated into Jysk-Fynsk Kapital A/S.
KE Fibertec AS is creditrated AAA by Bisnode Danmark.
- KE Fibertec is the world’s largest manufacturer of textile ducts
- The group consists of the parent company in Vejen, DK, and seven subsidiaries in Europe, Turkey, and the USA
- We have almost 125 employees, approx. 50% abroad
- Owned by Jysk-Fynsk Kapital (70%), L.E. Kristiansen Erhvervsinvest ApS (10%), and KE Pulje ApS (20%). KE-Pulje is owned by the day-to-day management of KE Fibertec (CEO Carsten Jespersen, Production Director Johnny Kusk Møller, and CFO Svend Anker Fogh).