Company type
Limited Corporation
Established
2012
Size
Medium
Employees
179
Revenue
- DKK
Gross profit
130 MDKK
Operating Profit (EBIT)
24 MDKK
Profit for the year
29 MDKK
Equity
186 MDKK
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Rank Profit for the year

Rank in industry
5/77
"Top 10%"
Rank in Denmark
3,831/313,856
"Top 10%"

Top management Top 3

Board Top 3

Rudolf Hadorn 1Chairman of board
Veronica Johanna Lierau 1Boardmember
Hannes Haueis 1Boardmember

Legal owners Top 3

100%Gurit Holding AG

Rights certificate

Selskabet tegnes af 2 bestyrelsesmedlemmer i forening, eller af et bestyrelsesmedlem i forening med en direktør, eller af 2 direktører i forening.

Company information based on CVR

NameJsb Group A/S
Alternate namesJsb Plast A/S Show more
CVR34607109
AddressFrejasvej 7, 6950 Ringkøbing
IndustryManufacture of plastic plates, sheets, tubes and profiles [222100]
Established03-07-2012 (9 yr)
Company typeLimited Corporation
Number of employees179 (Fin.Stmt)
Advertising protectionNo
AuditorPricewaterhousecoopers Statsautoriseret Revisionspartnerselskab since 27-11-2018
Financial statement period01-01 to 31-12
Company capital10,000,000 DKK
500,000 DKK (03-07-2012 - 30-08-2012)
Articles of assoc. last15-10-2018

Member of industries

Purpose

Selskabets formål er fremstilling og salg af plast- og træprodukter til vindmølleindustrien, at eje ejerandele i andre virksomheder og anden virksomhed, der står i forbindelse hermed.

Financial Statement

 201920182017
Currency/unit000' DKK000' DKK000' DKK
Revenue
-
-
-
-
-
-
Gross Profit
129,598
+26%
102,880
+3%
99,425
-
Profit for the year
29,235
+73%
16,927
-26%
22,913
-
Equity
186,374
+95%
95,618
-5%
101,074
-
Total Assets
471,150
+51%
312,353
+15%
272,194
-

Mangement review

Financial Statements of JSB Group A/S for 2019 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to medium-sized enterprises of reporting class C.
The Annual Report has been prepared under the same accounting policies as last year.

Gurit Kitting Holding ApS and JSB Group A/S has vertically merged in the year with the uniting of-interests method applied from the beginning of the financial year and comparative figures have not been restated.
Key activities
JSB Groups' key activities comprise manufacturing and sales of core material kits to the wind industry.
Development in the year
The income statement of the Company for 2019 shows a profit of TDKK 29,235, and at 31 December 2019 the balance sheet of the Company shows equity of TDKK 186,374.
The very positive development in performance and business is impacted by the increased demand from customers and efficient production.

The year 2019 offered development in several new areas. JSB established a new production site in Mexico to serve the Americas. The new factory has been ramp-up during 2019 and started production during the year, the ramp up will continue in 2020.

JSB was acquired in 2018 by the Swiss company Gurit AG. In 2019 the new ownership has maintained JSB as an independent kitter and a separate business unit under the existing management.
Foreign Exchange Risks
JSB predominantly purchases and sells raw materials that are traded in EUR, USD and CNY. Significant fluctuations in any of the mentioned currencies could influence the results.
Targets and expectations for the year ahead
In 2019 Vestas decided to close down the production in Lauchhammer, Germany and Siemens Gamesa decided to reduce their site in Aalborg, Denmark. This has not impacted the financial performance in 2019 but will likely reduce the customer demand in 2020 for the Danish facility. JSB will adjust workforce accordingly to the needed manning and has already beginning of 2020 made minor reduction of employees.

On Group level JSB expect to continue the upwards trend on sales and will see growth at or higher than the market projections from Wood Mackenzie. According to Market Updates, from Wood Mackenzie, the world market is moving away from the established markets to new and emerging markets. In order to follow the market development JSB will continue to explore opportunities outside of the more conventional markets.

The combination of sales growth and new sites being ramped up is expected to drive continued improvement of our profit level. We expect to continue to deliver a profit level on a similar share of sales as in the last years.

JSB continue the focus on a safe working environment in all matters and has embedded safety culture into the leadership model and personal action plans.
Environmental performance
Over the last years we have developed projects for use of the waste products from our production. Some have been successful and some still require more work to become successful. We continue to expand our use of raw materials that are based on reuse of PET from bottles and similar sources.

JSB also initiated internal projects focused on reducing use of electricity in the production, by upgrading equipment and designing new machines with lower electricity consumption.

No significant environmental relations are expected to have a potential impact on the operations carried out by JSB.
Unusual events
The financial position at 31 December 2019 of the Company and the results of the activities of the Company for the financial year for 2019 have not been affected by any unusual events.
Subsequent events
No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date.
30-04-2020

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