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.