This week, Eltronic Group, which deals with green energy, power-to-x and x-to-power, among other things, presents its annual accounts for 2023 with growth.
In the financial year, the group has thus increased its total revenue to 1.98 billion. DKK compared to 1.66 billion. DKK the year before. This is a growth of approximately 19 percent. At the same time, Eltronic Group realizes a profit after tax of 44 million. DKK, the company states in a statement.
"The progress is due to organic growth, which is based on increasing demand for Eltronic Group's core competencies," the company states in the statement.
In addition to growth on the top line, Eltronic Group has also grown on the employee side and can thus count just over 1,500 employees. In comparison, the same number the year before was just over 1300. According to founder and CEO, Lars Jensen, a strong foundation is the key to future success.
- It is necessary to have a solid foundation, and that is why we continue to improve our business systems. We focus on digitalization and implement artificial intelligence in many aspects of our activities with the clear goal of significantly strengthening our performance culture across the entire group. This helps to create the greatest possible value for customers in the future, says the CEO.
Has launched PtX company
In 2023, Eltronic Group has also sharply defined the direction of its ESG initiatives and at the same time invested solidly in an ESG data platform, which will result in a more structured and data-driven approach to the subject. Another significant milestone in the efforts to promote sustainability is the launch of the group's new company, Eltronic PtX.
Eltronic PtX was established with the overall goal of modularizing, optimizing and scaling the process technology for PTX plants in the future. According to the company itself, Eltronic Group possesses leading technological competencies in areas such as hydrogen, methanol and ammonia, as well as expertise in scaling these systems. Over the past eight years, the group has delivered over 500 X-to-Power fuel systems.
According to Lars Jensen, the group is ready for the future, where the green transition, with renewable energy, Power-to-X and X-to-Power, medico, infrastructure and sustainable materials in industrial production will be the 'drivers' for the company's activities.
- We have a solid business, ambitious customers and employees with strong competencies. We have once again had a major investment year, and we will continue to use and expand the product platforms we have developed, says the Eltronic Group CEO.
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