Eltronic Group continues its growth journey in 2020

Eltronic Group has achieved a strong performance in the financial year 2019/2020 with revenue of 719 million DKK which is an increase of 16 percent compared to last year. The strong performance is a result of organic growth and acquired activities. In 2020, the market positioning was further strengthened by the acquisition of Dynatest A/S, Biir A/S, and Blaaholm A/S. These companies have all contributed with technological, digital, and human competencies that will support the organization’s competitiveness in the future.

Employee effort and digitalizing have been key during the global pandemic
The way the employees have handled the coronavirus has been crucial to Eltronic Group’s progress. Based on a pro-active strategy, the employees have been practicing remote working and when the COVID-19 outbreak hit in the spring, the entire organization digitalized and decentralized the workflow closer to the customer.
COVID-19 has changed the way we work from home, and at the same time, we have improved our global competitiveness. We have had some financial costs during the year, but due to this transformation we expect to provide an increased added value for our customers in the future“, says Eltronic Group’s founder and CEO, Lars Jensen.

Eltronic Group takes the lead on sustainability and puts circular economy on the agenda
Eltronic Group is optimistic for the year to come and has the ambition to strengthen the organization further as a global player with a sustainable profile. “Our customers abroad are purchasing several of our standardized product platforms. At the same time, we are expanding our global service companies close to the customers with digital support from Denmark. Over the next years, we also want to put a determined effort into circular economy. That means that it should be possible for all of our customers to return our equipment when it is no longer in use. In that way, we are able to recycle the physical products and focus on the environmental transition”, Lars Jensen says.

Download Annual Report 2019/2020

Lars Jensen, president Eltronic Group A/S