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GASA Group continues positive sales development

GASA Group continues its positive development with pre-tax earnings (EBT) of DKK 28 mln (3.8 million euros) in 2016 - 1 mln (135,000 euros) greater than last year. The DLG-owned company improved turnover at the same time, which rose by DKK 65 mln (8.7 million euros) to DKK 2.4 bln (323 million euros).

The improved earnings are the result of several years of effort to increase sales and develop collaboration with European key customers, particularly in Germany and Eastern Europe. GASA Group has also grown on the Scandinavian market.



"We are happy to see that GASA Group is continuing the positive trend from 2015, and we are increasing profits. We went through many years of targeted effort to increase sales of both Danish and foreign flowers and potted plants, and this has now proven a success," says Niels Søren Rasmussen, CEO for the GASA Group.
 
In 2016 the GASA Group sold the company's present property in Odense and will be ready to move into a new facility alongside the motorway at the end of next year. The new location will result in improved logistics and further operational savings, which will strengthen the GASA Group's competitiveness on the European market.



In 2016 the company also succeeded in turning around developments on the challenging wholesale market, which includes both wholesalers and international garden centres. Sales in this sector have been following a downward trend for many years, so GASA's success creates a foundation for optimism.
 
"The business is on a good course. General development in our sales, together with our new facilities, make for high expectations in 2017 and in the years to come," says Niels Søren Rasmussen.

For more information:
GASA Group
Lavsenvænget 1
DK-5200 Odense V, Denmark
Tel.: +45 6548 1200
Fax: +45 6548 1201
mail@gasagroup.com
www.gasagroup.com
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