Record revenue leads to significant profit growth

JENSEN-GROUP's revenue in the first semester increased from 171.2 million euro last year to 206.7 million euro this year. This growth of 20.7% resulted in a record high first half revenue. The higher order backlog at the end of 2022, following the highest order intake ever in 2022, contributed to this outstanding achievement. The order intake in the first six months of this year represented an amount of 156 million euro, which represents a 17% decrease compared to the same period last year.

The EBIT for the first 6 months of 2023 amounts to 20.6 million euro compared to 12.2 million euro in the same period last year, an increase of 68.6%. On the one hand, the EBIT is positively impacted by higher revenues, including the positive effect of the 2022 price increases, leading to higher margins. On the other hand, production flows and labour productivity improved substantially as last year's production constraints due to critical component shortages were effectively dealt with.

The share in the result of companies accounted for using the equity method increased from 0.9 million euro to 1.8 million euro following the new participation in Inax Corporation since April 3, 2023.

The above-mentioned factors together resulted in an increase of the result attributable to owners of the parent from 8.9 million euro to 16.7 million euro.

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