Financials

In 2020, KOMPAN continued the multi-year strategy of substantial investments in product innovation and in expanding our sales and distribution network, that started in 2015. The outbreak of the corona-virus had a negative impact on the revenue, which fell by 9%, but cost-adjustments led to a result on par with 2019.

Financial Highlights 2020

Revenue fell by 9,0% to DKK 1.983m (2019: DKK 2.179m), a fall which was driven by the corona outbreak and the following lockdowns especially during second quarter.
Profit after tax grew by DKK 37m ending at DKK 224m in 2020 (2019: DKK 187m). The loss of Revenue was offset by cost adjustments initiatives implemented during second quarter.
Despite COVID-19 KOMPAN continuously invested in development and innovation.