27 February 2015
Annual results: Electrical solutions provider to the wind industry, KK Wind Solutions, continues its growth. Increased activity in the service business and a move towards supplying full systems contribute to increased revenue.
Annual results from kk-group a/s (which also includes circuit board producer Elogic A/S) show a 35 per cent growth in revenue to DKK 1149m from DKK 860m. The net result is improved to DKK 68.5m from DKK 37.7m in the fiscal year ending 30 September 2014.
“This is a very satisfactory result in a market under pressure. In the past year, we have further strengthened our collaboration with existing customers, while also entering into partnerships with new customers within technology development, manufacturing and service. At the same time, we experience an increase in the sale of consultancy services and a growing interest in our retrofit and upgrade solutions,” says CEO Tommy G. Jespersen, KK Wind Solutions.
The increase in revenue is also a result of KK Wind Solutions becoming a systems supplier, delivering larger solutions, rather than individual components.
”This includes handling sub-suppliers on behalf of customers. Combined with our production volume, this enables us to reduce both cost and complexity for our customers,” says Tommy G. Jespersen. The improved net result is due in part to improved profitability in Elogic A/S and in the service area.
In the past year, KK Wind Solutions has extended its global footprint with the establishment of a new sales company in China and a service centre in Kansas, USA. The group employs more than 800 employees.
KK Wind Solutions continues steady growth as systems supplier