The order backlog at 30 June 2010 was 33% higher than for the same period last year and after a year of lower investment, Jensen says it will now make a substantial investment in China as part of its “Go East” strategy.
Announcing its results for the six months ending 30 June 2010, the company reported a 30.9% increase in revenue to Euro121.6million.
Operating profit for the first six months rose by 47.9% to Euro9.8m. Cash flow (EBITDA) increased by 74.7% to Euro15.3m in the same period, whilst net profit from continuing operations was 64.4% higher at Euro5.6m.
The group’s net financial debt increased by Euro15.6m to Euro28.6m.
Jensen has continued to develop its “Go East” strategy and as well as investing considerably in China, has also ensured that it provides for the important and highly developed Japanese market. It has enteredinto a distribution agreement with Asahi Seisakusho, one of the three market leaders in Japan. The company has over 10 sales and services offices around the country.
Jensen added that the main risk factors for 2010 are the volatility in demand as well as competitive pressures. Other risks include high exchange rate volatility and fluctuating costs for raw material, energy and transport.
