Eltronic Group sets new record with a growth of 35% in 2019

2019 was a good year for Eltronic Group A/S. With a growth in turnover and number of employees of 35%, the annual accounts show the largest turnover in the history of the company. Having strengthened its shared business platform, the group plans to continue the growth journey in 2020 and provide the highly specialized technology companies in the group with the opportunity to grow internationally.

Eltronic Group A/S has ended the financial year 2018/19 with a turnover of DKK 619 million. This is an increase of 35% compared to the year before. The number of employees has grown correspondingly.

”We have never before presented a turnover or number of employees of this size. And what is maybe even more important, our order backlog at the beginning of the new year is the highest ever,” says Lars Jensen, President of Eltronic Group A/S.

Strengthened business platform and increased focus on digitalization to provide growth in 2020

Eltronic Group A/S consists of several companies specialized within different technological areas but profiting from a number of shared services including IT, finance and administration, ERP, HR, QEHS and business development.

”We have used 2019 to further develop the shared services that we make available to the companies that are part of Eltronic Group A/S. By giving our companies the opportunity to focus on their key strengths, they will become able to compete internationally and to provide our customers with even better and more competitive solutions,” says Lars Jensen.

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