Plus for A & O Johansen in turnover and profits

A & O Johansen from Albertslund/Denmark managed to achieve an increase in both turnover and profits in the first half-year 2016........

in comparison with the same period last year. The rise is largely due to the takeover of the plumbing and sanitation wholesaler Billig VVS A/S in 2016.

In 2016 a turnover of DKK 1,354.6 m (EUR 182.0 m) was made, an increase of 13.1%.

Net profits amounted to DKK 46.9 m (EUR 6.40 m), which was 37.5% higher than last year.

On the basis of this good result the annual forecast for pre-tax profits has been raised to DKK 130-140 m (EUR 17.5 -18.8 m). In 2015 profits only amounted to DKK 115.5 m (EUR 15.5 m).