Monday, 14 May 2012

Record-setting financial statement from Carl Hansen & Son

Carl Hansen & Son is releasing a record-setting financial statement, featuring rising sales and improved earnings. The company is realizing its strategy for internationalisation and acquisitions of Danish manufacturers of handcrafted furniture and has high expectations for 2012. The acquisition of P.J. Furniture underpins Carl Hansen & Son’s growth strategy and desire to bring Danish icons of design to the international market.

The furniture manufacturer Carl Hansen & Son is pleased to be able to present a financial statement that once again sets new records for the company. After the record-breaking year of 2010, sales as well as earnings have increased in 2011, which means that not only has the company survived the crisis, it has emerged strengthened on the other side.

Sales have gone up by 15 per cent, and Carl Hansen & Son has experienced growth in the majority of its markets. In Denmark and Japan, sales have been stable. Exports currently represent 70 per cent of the Group’s total revenue.

Knud Erik Hansen, CEO of Carl Hansen & Son: “In addition to our strong financial statement, Carl Hansen & Son is well on its way to realising the strategy of being an internationally organised group. In 2011, we established sales organisations in both New York and London as part of our expansion strategy into more markets. Because we invested during a recession and developed our network, we hold a strong position today, especially with the American market showing signs of recovery.”
Carl Hansen & Son expects to see growth in 2012-2013 of more than 50 per cent, with 30 per cent in the form of organic growth and the remainder coming from acquired activities resulting from the acquisition strategy launched in connection with the takeover of Rud. Rasmussen Snedkerier in December of last year. 
“P.J. Furniture will be gradually integrated into the Carl Hansen & Son Group and will help strengthen our brand. We feel certain the products will have no trouble taking their rightful place among our other world-class designers and high-end furniture classics. Ole Wanscher’s collection comprises excellent products and our expectations are very high. In this regard, we have both the obligation and the opportunity to manufacture and market some of the finest Danish furniture on the international market,” says Knud Erik Hansen.


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