JENSEN-GROUP Reports Record Earnings
The JENSEN-GROUP, which includes U.S. subsidiary and TRSA associate member, JENSEN USA, recently reported an 11.1% gain in revenue vs. last year. In addition, the company’s income for the first time passed the 300 million euro mark, with revenues totaling 318.2 million euros, according to a news release.
CEO Jesper Munch Jensen credited this growth to new investments in production facilities and a customer-centered focus on innovative product development. “In 2016, we invested in two new factories, two new distribution companies as well as a JV (joint venture) for software and a participation in TOLON,” a (a Turkish washer/extractor manufacturer), Jensen said. “This has been done in a year with record turnover. Our customer-centered strategy is paying off and we are determined to develop new products and services that will delight our customers.”
For example, the release noted that at last year's Texcare International trade show in Frankfurt, Germany, the JENSEN-GROUP launched a series of new products and solutions aimed at increasing productivity and ecological efficiency in all areas of industrial laundries. Texcare enabled the company to highlight its “one-stop-shop” approach, the release said. “With JENSEN, customers have one single local contact for the design, planning, installation and servicing of a total laundry. In addition to product development in single machines and systems, JENSEN prepares for the Internet of things with the new product Globe. The integration of technology and software allows customers to monitor and track production in real time and use the acquired information to improve productivity.”
Investments in 2016 includedefforts by JENSEN to build a local presence in every market. For example, in 2016, the company acquired the distribution activities of its longstanding Norwegian partner Sipano Norway and started a Sales and Service Center in Denmark. The foundation of these two new companies rounds off the company’s strategy to have its own Sales and Service Centers in Europe – JENSEN’s largest market, according to the release.
The company has also expanded JENSEN’s offices in China, Dubai and Japan. Those moves, coupled with a strong rebound in orders from markets in Europe and strong demand in North America fueled record revenue, the release said. To learn more, go to www.jensen-group.com.