Thorsens Chipskartofler A/S presents the best result ever

It was a happy board and management at Thorsens Chipskartofler A/S that presented the consolidated financial statements for 2015/2016 at the company’s annual general meeting on Friday, 2 September . The result was kr. 7.5 million before tax and kr. 5.8 million after tax. now the firm has an equity capital of kr. 33.2 million and an equity ratio of 45%.

The success is the result of a focused, expansive strategy that the company has followed. In 2012, the company undertook its largest investment in the expansion and modernization of the production plant for kr. 26 million.

“The strategy we made back then, we have actually followed and the results are now seen clearly,” says CEO Erik Thorsen excited. “It was a very ambitious plan and our entire organization has worked hard to follow it. So it´s nice to see the succes now”

The annual turnover has increased from approximately 50,000 tonnes to around 90,000 tonnes of crisp potatoes in just 4 years. Corresponding to approximately 250 million bags of crisps. The increase in revenue is primarily secured by virtue of an investment in the market for crisp potatoes to Southern Europe. It also opens up to new breeders to have the opportunity to enter the business.

In season 2015/2016, however, there was a further boost in sales since the beginning of 2016 was an extraordinary shortage situation in Ukraine and Norway. The situation arose because of the rather short growing season in 2015 and the consequent lower quality of crisping potatoes, which in some cases were completely unusable.

The result for 2015/2016 is kr. 7.5 million before tax and kr. 5.8 million after tax. Now the company has an equity capital of kr. 33.2 million and an equity ratio of 45%.

It was decided at the Annual General Meeting that a dividend of 170% of the nominal share capital was paid to the shareholders. Similar to kr. 2.7 million.

General meeting at Thorsens Chipskartofler A/S

On November 26, 2015 Thorsens Chipskartofler A/S held the annual general meeting, there was a good attendance which gave a good debate.
At the meeting both Chairman Kurt Friis Jørgensen and Director Erik Bech Thorsen reported for the past year. They both expressed satisfaction with the year’s results and described the company’s solidity as very satisfaying. They also expressed that the future looks quite reasonable and the strategy is being followed closely.

Chairman Kurt Friis Jørgensen reported that Erik Bech Thorsen’s employment came to an end when he turned 60 and the board has rehired him indefinitely.

Kurt Friis Jørgensen, Ove Rieks-Pedersen, Henrik Jakobsen, Birgitte Juhl og Søren Westergaard was all reelected for the board.

General meeting

General meeting in Thorsens Chipskartofler A/S were held friday 07.09.12.

The board and the directors report focused primarily on the recently completed investment of almost 26 million and the 5 year strategic plan that is established by the Board. There were only positive responses to the company’s 5-year strategic plan.

There was a very positive atmosphere and expressed great satisfaction with the years result that has according to the adopted annual report for 2011/2012 showed a profit of DKK 1,975,413 after tax. The result should be seen in light of a very difficult storage season and relatively low prices on the free market. At the same time were made ​​extraordinary depreciation of more than 1.2 million. because of the demolition of 3 older operating buildings.

It was decided to authorize the Board to increase the share capital by a nominal amount DKK 275,000, as part of its growth strategy.

The Board remains unchanged, which was re-elected all.