1st quarter strengthens optimism for full year

The Danish electrical wholesaler A & O Johansen from Albertslund achieved sales of 812.4 m DKK (109.1m EUR) in the first quarter..........

of 2018, which is 3.1% more than in 2017. The net result was 25.2 m DKK (3.4 m EUR), down 16%.

More than 750 employees were employed.

The export share is below 10%. A & O have their own companies in Denmark, Sweden, Norway and Estonia.

The company is well positioned for the full year and expects a profit of 145-155 m DKK (19-21 m EUR) before taxes.