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Despite an impressive 2019 annual accounts showing a top line growth of 30% and good profitability, BB Electronics is rolling up the sleeves and prepares for a new year with several interesting projects which will strengthen the partnership to customers
The past year has been busy in BB Electronics. ”In February 2019, we acquired a factory in Czech, which we have worked dedicated on getting fully integrated so that our customers experience that they are met with the same services across our three factories”, says Chairman of the Board, Sven Ruder, and continues:" With the new factory, we are ensuring that we to an even higher degree can meet our European customers' need for box-build production, flexibility and better logistics”.
In addition to the Czech acquisition, BB Electronics is also in the process of relocating the factory in Suzhou, China. “The success of our customers meant that we saw a greater demand for our services. Therefore, we decided to move our production in Suzhou to a factory that is 3000 m2 larger. This enables us to support our customers' future growth”, says CEO, Carsten Christensen.
The figures speak their own clear language, but that doesn't mean BB Electronics leans back. "2019 has been an eventful year", says Carsten Christensen: "while BB Electronics has succeeded with two major internal projects, we have at no time during the processes lost focus on customer needs. And we see continued positive development in the coming year as we intensify our focus on automation, so that we can strengthen cooperation with customers. 2020 will be another exciting year with lots of activity”, concludes Carsten Christensen.
For press release in Danish, please click here.
Regeringen har d. 11. marts 2020 opfordret erhvervslivet til at bakke op om at begrænse smitte af Coronavirus i videst muligt omfang. I den forbindelse har regeringen tilkendegivet, at der fortsat skal produceres varer i Danmark, hvorfor vi i BB Electronics opretholder fuld produktion.
Den fulde produktion skal naturligvis finde sted på et forsvarlig grundlag, således at vi sikrer fortsat forsyning til vores kunder med størst mulig omtanke for vores medarbejders sikkerhed, og desuden støtter op om regeringens anbefaling om minimering af virussmitte.
I BB Electronics er vores produktion nerven i vores forretning. For at værne om produktionen har vi taget følgende forsigtighedsforanstaltninger:
Vi tager naturligvis situationen meget alvorligt og følger udviklingen nøje, samtidig med at vi arbejder dedikeret på fortsat at kunne overholde alle aftaler om leveringer. Skulle situationen udvikle sig i en retning som får indflydelse på vores virke, vil vi naturligvis orientere herom.
2018 was a successful year for BB Electronics, with solid top line growth and improved profitability. This gives room for increased investments in new services for customers.
Yet another successful year gives BB Electronics the opportunity to expand their palette of services. Already last month BB Electronics acquired a new, well-functioning factory in the Czech Republic. ”We are following our long-term plan for the development and growth of BB Electronics, and the good results of recent years mean that we can remain ambitious in our goals,” says CEO Carsten Christensen.
"It is important for us to develop with the needs of our customers. We have several customers who outsource a larger share of their production and logistics, while focusing on, e.g., product development and sales. Therefore, to a greater extent, we take care of the customers’ needs for box build, configuration and distribution to their customers. We see it as a natural development in our business model," Carsten Christensen adds.
Growth in 2018 comes from both BB Electronics’ Chinese factory in Suzhou and from the headquarters in Horsens, Denmark, and the positive development is expected to continue in 2019, when the newly acquired factory in the Czech Republic will also contribute to the development. ”We are very positive about the developments this year as well as in the years to come, where we continue our technological focus on automation and increased capabilities that our customers benefit from,” says Chairman Sven Ruder.