The annual accounts for Mekoprint Holding A/S for 2022/23 have just been submitted with continued growth in revenue of 5 percent to DKK 763 million, which is a new record for the Group.
The year has been marked by large strategic investments of over DKK 100 million in new technology and acquisitions to strengthen the company’s position as a development partner for customers as well as a targeted sustainability effort.
The year’s result was DKK 27 million after tax, which is a decrease of DKK 18 million compared to the financial year 2021/22. The reason is primarily rising costs.
"Despite the lower result, the economic development is satisfactory in light of the fact that we, like other industrial companies, are affected by market conditions that are beyond our control. It’s mainly about sharply rising costs for interest rates, wages and raw materials, which we haven’t been able to fully pass on to customers", says Anders Kold.
Has invested a record amount in the past three years
At the end of 2022/23, Mekoprint has, over a period of three years, made record-level investments of over DKK 250 million. The investments support the growth ambitions and the strategic direction for the Group’s four divisions and ensure that Mekoprint is at the forefront when it comes to technological development and competences for both developing and manufacturing the best possible solutions. The investments are an essential prerequisite for Mekoprint’s ambition to reach a Turnover of DKK 1 billion DKK in 2025.
In September 2022, Mekoprint bought 67 percent of the shares in Microturn, which is a specialist in microturned components, and in autumn 2023 Mekoprint took over the company Seritronic, which made Mekoprint one of the three largest companies in Europe within the development and manufacture of specially designed HMI solutions, industrial graphical foils and Total Solutions.
"We continuously strengthen ourselves with investments within our Product teams, and this provides even better opportunities for our customers to consolidate an increasing share of their engineering support needs, purchasing and product assembly with us – instead of having to buy from many different suppliers and be responsible for all assembly themselves. That is why we are increasingly in dialogue with customers about developing total solutions", says Anders Kold.
Significant investments in the ESG area
In Mekoprint, growth ambitions go hand in hand with a strongly increased focus on sustainability. In 2022/23, Mekoprint has made record-level investments of over DKK 10 million in the green transition by, among other things, focusing on energy optimization, establishing solar cell systems and phasing out natural gas.
At Mekoprint, we operate with a quadruple bottom line that focuses not only on financial results but also on our customers, employees, and social responsibility.
Anders Kold emphasizes that Mekoprint has experienced progress in all three areas in the financial year. If you look at comparable companies, according to an evaluation by the independent company EcoVadis, Mekoprint is now among the three percent that perform best in social responsibility compared to similar companies. At the same time, customer satisfaction has increased in the financial year, and employee satisfaction has risen to a record high level.
"The past year’s development with uncertain market conditions and large investments has required a very high level of team collaboration, so I am very proud on behalf of the entire Mekoprint family about the simultaneous progress in both job satisfaction, customer satisfaction and our social responsibility", concludes Anders Kold.
