Press release13.06.2019 News
Haarslev grows revenue in 2018, while continuing to implement improvement initiatives
Haarslev was able to grow revenue 3% during 2018 and to consolidate its position as the world’s No. 1 provider of rendering and related processing solutions.
Haarslev, Denmark: 2018 was characterized by a high activity level in Haarslev’s core rendering markets in Europe and North America with strong growth in order intake, whereas South America and Asia Pacific were more challenged.
The market overall remains solid and attractive and Haarslev continues to be the industry leader. However, while Haarslev grew 2018 revenue by 3%, net income for the year was negative DKK 200.8m. The loss is reflective of a clean-up in 2018 with restructuring projects and IT investments made to strengthen Haarslev’s platform for future growth.
“The clean-up took longer than we anticipated but the strong order intake confirms the trust by our customers and the adjusted financing affirms the commitment from our shareholders and banks. Haarslev has gone live with a new ERP system, continues to improve, and has the right starting position for a profitable and successful future”, says Han Defauwes, CEO of Haarslev.
The Group’s equity stood at DKK 398m at the end of 2018.
Haarslev is the world’s No. 1 provider of rendering and related processing solutions. From offices around the globe more than 1,050 Haarslev employees take pride in providing the specialist equipment and knowhow it takes to keep rendering a safe, healthy, and financially viable activity. As the global population continues to rise and the world’s supply of vital proteins, minerals, fuel, and other essentials are increasingly constrained, Haarslev seeks to play its part in utilizing resources more efficiently.
Altor Fund III is the majority shareholder of the Haarslev Group.