Dedicated Analytical Solutions
Annual report

15-03-2012

FOSS achieves record financial result

In 2011, FOSS continued the positive development from previous years and achieved a turnover of DKK 1,596 million, equivalent to an overall growth of 6%. This is a development that is expected accelerate further in the coming years.

FOSS is a global market leader through continued investment in innovation. Customers include the world’s largest food producers and the majority of the world’s quality production of milk, corn, feedstuffs, meat and wine is analysed with FOSS equipment.

Significant growth in Brasil, China and Australia/New Zealand

The largest growth in sales has been achieved in relation to equipment for measuring milk, corn and wine. Growth has been especially good in Asia and Latin America. In Australia/New Zealand FOSS has had a strong growth rate of 32%. Similar growth has occurred in several BRIC countries where Brasil and China have both experienced growth of 23% and India has seen a growth of 33%.   

”We have had a very good 2011 and have found that many new markets are keen to secure stable food quality while there has also been a marked focus on improving the efficiency of production. The strong growth in countries such as India, China and Brasil reflects a market with purchasing power that is seeking high quality food products,” said FOSS CEO Torben Ladegaard.

Investment in growth and innovation

FOSS is launching an ambitious business strategy culminating in 2015. The strategy involves a continued investment in innovation within advanced analysis of foodstuffs, together with a strong focus on markets in Asia and Latin America, including BRIC countries. Accordingly, the sales force in these markets has been strengthened during 2011 by 30-35%. A new FOSS sales office has been set up in Mexico bringing the total  number of countries where FOSS has its own sales subsidiary to 27.  At the same time, FOSS has a strong financial position that allows potential acquisitions should attractive possibilities occur with the FOSS strategic business areas.  

”We are well on the way with our business strategy and the good result for 2011 gives a solid foundation for achieving our ambitious goals. Continued growth in the coming years will largely be achieved through our market position in the BRIC countries. We have our sights set on organic growth that is almost the double of general growth in our market and we are ready to make the investments that are necessary to strengthen FOSS´ global position as market leader within production of innovative analytical methods. We will, for example, increase sales in high growth regions by at least 50% within the next three years,” said CEO Torben Ladegaard.  

Financial highlights
Selected highlights from Annual Report (mill. Danish Kroner)

 

2011  

2010

Revenue

1,596

1,499

Profit before financial income and expenses (EBIT)

339

259

Profit before financial income and expenses vs. revenue   

21%

17%

Export

98%

98%

For more information, contact:

FOSS CEO Torben Ladegaard tlf: +45 20457050

FOSS

The family-owned FOSS company was founded in 1956. FOSS is the world’s leading producer of innovative analytical instruments that monitor and control food quality – solutions that improve user’s business results while helping to achieve high quality products for consumers.

Development and production takes place in Denmark, Sweden, USA and China. FOSS headquarters are in Hillerød Denmark where a new ‘innovation cente’ is under construction with completion scheduled for 2013. FOSS products are marketed and sold through a global network of sales subsidiaries in Europe, North, South and Central America, Asia and Australia. FOSS employs over 1,200 highly qualified staff worldwide. Read more on www.foss.dk  

 

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