After record profits in 2023, Harco Heavy Lifting in Måde has deliberately lowered its results to strengthen the foundation for new growth. Thus, in the most recent financial year, the lifting specialist has seen its profits fall significantly from 33.6 million DKK in 2023 to 1.9 million DKK in 2024. According to management, however, this is not a crisis, but a deliberate strategy where this year's funds are invested in future growth. This is what JydskeVestkysten writes.
The company, which supplies lifting equipment to the offshore wind industry, has in 2024 established a new management structure, strengthened its team, digitized the business and developed a modular product platform, among other things.
- We have chosen to use our strong starting point in 2023 – with record-high turnover and earnings – to invest in the next growth chapter, says Sten Dyrmose, CEO. CEO of Harco Heavy Lifting.
Equity fell from 32 million DKK to just over 23 million DKK, and the workforce doubled to 49 employees. According to management, the changes are necessary to be able to grow further and meet the needs of the rapidly growing offshore sector. Chairman of the Board Allan J. Vestergaard describes 2024 as an investment year and expects 2025 to be a breakthrough year for the company.
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