Denmark's A & O Johansen achieved 5% more in the first half of 2019

The Danish electrical wholesaler A & O Johansen achieved sales of 1,718.1 m DKK (243.8 m EUR) in the first half of 2019, which is 5% more than in the same period of last year.

The operating profit (EBIT) was 83.6 m DKK (11.2 m EUR); here an increase of 4.9%.

Profit before tax amounted to 80.3 m DKK (10.8 m EUR), an increase of 13.9% to the previous year.

For the second time in only 4 years, A & O received the e-commerce award from the Danish E-Commerce Association FDIH. The CFO Henrik T. Krabbe will be leaving at the end of the year. The Board of Directors was authorized to acquire own preference shares equivalent to a total of 10 % of the Company’s share capital.