Although Kamstrup invested heavily in R&D in 2013, the financial position stays advantageous. An equity of EUR 56 million allows for further future investments in the market, including product development and production equipment, and for the third year in a row Kamstrup receives the highest credit ratings, AAA.
A set strategy of investing in R&D is considered the main reason for the positive growth in 2013: “Our efforts in product development have lead to a number of successful product launches and this is evident in our annual results. Furthermore, we have strengthened our competitiveness through upgraded product functionality and streamlined production costs”, says CFO at Kamstrup, Henrik Rom.
More than 80 percent of total Kamstrup sales arise from markets outside Denmark. In 2013 Kamstrup established itself with new offices in USA, Chile and Austria. Driven by significant R&D investments and stronger sales activities Kamstrup expects to grow market shares in a number of new markets in 2014, with a positive effect on sales. “We do expect a growth in 2014 and a we have good reason to expect a higher profit too”, Henrik Rom says.