The annual report for BB Electronics has just been released, and the figures show that 2020 has not been a satisfying year for BB Electronics. Revenue has declined compared to 2019. Especially the Corona pandemic’s arrival is one of the reasons why the annual accounts show disappointing figures. You can read the full Press Release (in English) and the annual report for more information.
For press release in Danish, please click here.
2018 was a successful year for BB Electronics, with solid top line growth and improved profitability. This gives room for increased investments in new services for customers.
Yet another successful year gives BB Electronics the opportunity to expand their palette of services. Already last month BB Electronics acquired a new, well-functioning factory in the Czech Republic. ”We are following our long-term plan for the development and growth of BB Electronics, and the good results of recent years mean that we can remain ambitious in our goals,” says CEO Carsten Christensen.
"It is important for us to develop with the needs of our customers. We have several customers who outsource a larger share of their production and logistics, while focusing on, e.g., product development and sales. Therefore, to a greater extent, we take care of the customers’ needs for box build, configuration and distribution to their customers. We see it as a natural development in our business model," Carsten Christensen adds.
Growth in 2018 comes from both BB Electronics’ Chinese factory in Suzhou and from the headquarters in Horsens, Denmark, and the positive development is expected to continue in 2019, when the newly acquired factory in the Czech Republic will also contribute to the development. ”We are very positive about the developments this year as well as in the years to come, where we continue our technological focus on automation and increased capabilities that our customers benefit from,” says Chairman Sven Ruder.
Read the full press release (in English) and the annual report for more information
Endnu et succesfuldt år giver BB Electronics mulighed for at udvide paletten af services til kunderne.
Blandt andet derfor erhvervede BB Electronics en ny, velfungerende fabrik i Tjekkiet i sidste måned. ”Vi følger vores langsigtede plan for udvikling og vækst af BB Electronics, og de seneste års fornuftige resultater medfører at vi fortsat kan være ambitiøse i vores målsætninger,” udtaler CEO Carsten Christensen.
”Det er vigtigt for os at udvikle os med kundernes behov. Vi har flere kunder, som outsourcer en større andel af deres produktion og logistik, mens de fokuserer på bl.a. produktudvikling og salg. Derfor varetager vi i større udstrækning kundernes behov for box-build, konfiguration og distribution til deres kunder, og ser det som en naturlig udvikling i vores forretningsmodel,” tilføjer Carsten Christensen.
Væksten i 2018 kommer fra såvel BB Electronics’ kinesiske fabrik i Suzhou som fra hovedsædet i Horsens, og den positive udvikling forventes at fortsætte i 2019, hvor også den ny-erhvervede fabrik i Tjekkiet vil bidrage til udviklingen. ”Vi ser meget positivt på udviklingen i indeværende såvel som de kommende år, hvor vi fortsætter vores teknologiske fokus på automatisering og øgede kapabiliteter, som kunderne nyder gavn af,” udtaler bestyrelsesformand Sven Ruder.
Læse hele pressemeddelelsen (på dansk) og årsrapporten (på engelsk)