Second-best result for KE Fibertec AS24-05-2019
Unfortunately, KE Fibertec AS in Vejen, DK, did not achieve their fifth consequtive record result. However, in the light of the slowdown in the fourth quarter on a number of markets we are very satisfied with a pre-tax profit of almost 18 M DKK, says Man. Director Carsten Jespersen.
After all, this is the second-best result in the company's history, and had we not experienced a stagnant and very price-sensitive market in the UK in the second half of 2018 in particular, we would have realized a result close to the level of 2017.
It also appears that the slowdown in sales in the fourth quarter was temporary and an indication that some projects were postponed due to the financial instability that hit the stock markets. We have definitely never experienced a better first quarter, continues Carsten Jespersen, and the good order intake seems to continue.
So even though we have taken on a number of new production employees in both Denmark and the Czech Republic, we are really busy despite the season, and that of course affects our general delivery time. Nevertheless, we have chosen to keep our new Express Line open for small rush orders as a service to our good customers, concludes Carsten Jespersen.
KE Fibertec's key figures over the last three years:
KE consolidated key figures [M DKK]
Result before taxes
Result of the year
No. of full-time employees
Please note that the KE group consolidates their group accounts into the accounts of Jysk-Fynsk Kapital A/S. KE Fibertec AS is credit rated AAA by Bisnode Denmark.
- KE Fibertec is the largest manufacturer of textile ducts on the world market
- The group consists of the parent company in Vejen, DK, and seven subsidiaries in Europe, Turkey, and the USA
- KE Fibertec employs approx. 120 staff with around 50% employed at our foreign subsidiaries
- Owned by Jysk-Fynsk Kapital (70%), LE Kristiansen Erhvervs Invest (10%), and KE Pulje (20%) (owned by Managing Director Carsten Jespersen, Production Director Johnny Kusk Møller, and Financial Manager Svend Anker Fogh)