Annual report 2019/2020: The NDI Group increases its profitability

DECEMBER 2020

The 2019/2020 annual report of NDI Holding A/S, the NDI Group's holding company, shows an increase of 35 million DKK compared to the previous year. The implementation of the corporate strategy is among the explanations of the positive development.

With an overall profit of 38,9 million DKK, the NDI Group has come out stronger in the financial year of 2019/2020. In the previous year, the profit was 3,5 million DKK. The bottom line, thereby, is strengthened with more than 35 million DKK. Simultaneously, the turnover is on 2.1 billion DKK and thereby on the level with the previous year. These are the main conclusions of the annual report that has just been published from NDI Holding A/S – the owning company behind the NDI Group that has its office in Brørup, Denmark, as well as subsidiaries in Norway, Sweden, Finland, and Germany.

Increased efficiency
The financial year of 2019/2020 that runs from 1st of July 2019 till 30th of June 2020 has been affected by many challenges. Among others, a receding tire market and not at least the outbreak of the COVID-19 pandemic provided a lot of uncertainty and new, unforeseen challenges for the NDI Group, like it did for many other companies.

- It was not an easy year when we, on top of already existing challenges, were affected by the shutdowns around the world caused by the COVID-19, tells CEO at the NDI Group, René Kristensen.

- Therefore, we are overall content with our result. Things are improving. Our efforts to optimize operations, adjust costs, and implement our new corporate strategy have paid off, along with the great effort from all our employees for that we are very thankful for, he says.

Investing in the future
Along with the launch of the 2024-strategy, in which the NDI Group focuses on profitability, operational excellence, and digitization, investments into the future have also been made to strengthen the company's future development.

- In 2020, we opened the doors to our new showroom, entrance, and canteen, which we invested in to make the NDI Group even more attractive as a workplace. Moreover, we also had energy renovations done, following our ambitions to reduce our energy consumption. In this way, we have invested in the future, says René Kristensen and continues:

- We are now better prepared to face a future with many new challenges. With our continuous focus on implementing our strategy and the expansions of our facilities in Norway and Sweden, we are optimistic about the future.

The NDI Group employs around 900 employees today and is a 100 percent family-owned business.