Company type
Limited Corporation
1,465 MDKK
Gross profit
769 MDKK
Operating Profit (EBIT)
340 MDKK
Profit for the Year
251 MDKK
285 MDKK

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Rank Profit for the Year

Rank in industry
"Top 10%"
Rank in Denmark
"Top 10%"

Top management Top 3

Kim Vejlby Hansen 5CEO
Kenneth Aaby Sachse 5Finance director

Board Top 3

Peter Alexander Foss 22Chairman of board
Kenneth Aaby Sachse 5Boardmember
Sussie My Nikolajsen 2Boardmember

Legal owners Top 3

100%Foss A/S

Rights certificate

Selskabet tegnes af bestyrelsens formand alene, den administrerende direktør alene, eller af tre medlemmer af bestyrelsen i forening

Company information based on CVR

NameFoss Analytical A/S
Alternate namesA/S N. Foss Dk, Foss Electric A/S Show more
AddressNils Foss Alle 1, 3400 Hillerød
IndustryManufacture of instruments and appliances for measuring, testing and navigation [265100]
Established14-12-1983 (37 yr)
Company typeLimited Corporation
Number of employees572 (Fin.Stmt)
Advertising protectionNo
AuditorDeloitte Statsautoriseret Revisionspartnerselskab since 05-09-2013
Financial statement period01-01 to 31-12
Company capital20,500,000 DKK
500,000 DKK (30-08-1987 - 12-12-1993)
Articles of assoc. last26-03-2020


Selskabets formål er at drive fabrikation og handel.

Financial Statement

Currency/unit000' DKK000' DKK000' DKK
Gross Profit
Profit for the Year
Total Assets

Mangement review

The FOSS missionWe contribute to the sustainable use of our planet’s agricultural resources and thus to the nutrition and health ofthe people of the world.We provide analytics beyond measure to add value to our customers by improving quality and optimising foodand agricultural production.Main ActivityFOSS creates solutions that secure and improve food quality and optimize production. From raw material to finishedproduct. Our analysis instruments refine measurements into information management that enables businessesto run intelligent data-driven productions with less waste and bigger yields.Controlling cost and quality across all sectors and value chains, we help food and agricultural producers limit thenumber of human errors, scale their business faster and reduce labour costs. We call these analytics beyondmeasure.We cover these food and agricultural industries: Dairy, Feed and Forage, Grain, Flour Milling & Oilseed Processing,Laboratories, Meat, Raw Milk Testing and Wine.FOSS Analytical A/S is 100% owned by FOSS A/S which is part of the N. Foss & Co. A/S consolidated group accounts(Ultimate Parent Company). FOSS Analytical A/S develops and produces its products in Denmark andmarkets them worldwide through affiliated companies, independent distributors and directly.Research & Development ActivitiesThe effort within Research & Development for generating new products and further development of existingproducts constitutes an important part of the FOSS values. During 2019, DKK 225 million was spent on productdevelopment. A number of product improvements are constantly being developed whilst the product developmentconstantly results in introduction of new products to both new as well as existing customer segments.External EnvironmentOur policy is based on an environmental proper operation and external environment is a natural part of the targetsin the Company related to product quality and production.KnowledgeDevelopment, production and marketing of high technology analytical solutions demand highly skilled employees.In order to preserve the Company’s ability to satisfy our global customers’ demand for dedicated analytical solutionsit is a prerequisite that we maintain the extensive specialist knowledge and other competencies which aredeeply rooted in the organization. This is ensured through continued maintenance, education and recruiting ofcompetent and dynamic employees on all levels. Considerable resources are used in order to create an internalenvironment, which makes this possible. In addition focus on employer branding to attract and retain talent andexperts is significantly higher compared to just a few years ago.RiskOperating RiskThe main operating risk for the company is concerning the ability to be strongly positioned in the market and atthe cutting edge of the technological development for end-to-end solutions that secure and improve food quality.The company has entered into longer-term contracts with key suppliers for delivery of components that are apart of production in the aim of securing a stable supply and a higher predictability in price development.In recent years our offering to the market contains more digital offerings as well as more online and interfaceconnections within our IT infrastructure. It is our aim to continuously reduce our risk of being compromisedand thus significant resources for improving the Groups IT infrastructure and security are being invested.Financial riskThe financial risk is primarily related to changes in currency exchange rates. The currency risk is primarily coveredby use of currency exchange hedging agreements. Cash flow to suppliers and payments from sales companiesare hedged 12 months ahead.Credit riskThe main credit risk for the company derives from ordinary customer transactions with restrictive guidelines fortrade with new customers and customers located in zones of particular high credit risk while trade with knownand credit rated customers are completed on accommodative conditions. These conditions have historically resultedin very few losses on debtors.Development in activities and financial conditionsRevenue has decreased by 6.5% to a total of DKK 1,465 million vs. DKK 1,566 million last year.Gross Profit amounts to DKK 769 million (DKK 839 million in 2018). Consequently, Gross Profit margin has beenreduced slightly (52.5%) compared to 2018 (53.6%).Operating Profit amounts to DKK 340 million (DKK 423 million in 2018) yielding a profit margin of 23.2% (includingnon-recurring costs) compared to 27.0% in 2018.Profit before tax amounts to DKK 324 million (DKK 407 million in 2018).Profit for the year is DKK 251 million (DKK 313 million in 2018) which is below expectations due to the lowersales in 2019. Proposed dividend for the year is DKK 251 million.Average number of employees during 2019 is 572 (567 in 2018).In 2019, the Company extended its main site in Hillerød by additional 10,000 sqm mainly for additional developmentand support activities. Similar investments in infrastructure and scalability have been continued throughoutthe year with the ramp up of R&D activities in our subsidiary Softflow Hungary Kft. In Pécs, Hungary. The investmentprogram will continue into 2020.Uncertainty relating to recognition and measurementThere are no significant uncertainties related to the annual report according to the management.Unusual circumstancesThe annual report is not impacted by any unusual circumstances.Expected developmentInvestments in sales and distribution activities as well as product development activities will continue in 2020.Management expects this to strengthen FOSS Analytical A/S’ market position and contribute to fulfil the growthstrategy for the company in supplying high quality solutions for the increasing demand of food quality.It is the expectation that the company will see revenue and profitability at the level of 2018 in the coming year.