Vordingborg Køkkenet A/S ended 2024 with a result of 12.4 million kroner after tax. It is the lowest level in five years, but the company describes the year's performance as both solid and deliberately prioritised.
- I am insanely proud of the result we deliver. We have increased revenue in a tough market, and that is impressive, says director Mads Skjoldby, who has led the company for a year.
Small steps forward - and controlled pressure on the bottom line
Revenue increased modestly to 419.7 million kroner, but expenses grew more. According to the director, it was a calculated gamble.
- We are challenged by higher expenses for both rent, wages, and pensions, but we have chosen to invest and hire more people to be able to earn more money in the coming years, he explains.
In total, the workforce has increased by nine full-time employees, and nearly eight million kroner has been spent on new equipment.
Four years of decline
The company peaked in 2021 with 58 million kroner on the bottom line. Since then, the figures have gone down year by year - from 28 million kroner in 2022 and 16.6 million kroner in 2023 to now 12.4 million kroner. Equity has been halved in the same period.
But Mads Skjoldby urges realism:
- The industry is generally under pressure. If anyone says otherwise, they are lying. But we are doing well and are satisfied with where we are.
Cautious hope for 2025
Expectations for the new financial year are positive - but with reservations.
- 2025 currently looks like it will be good. But with trade wars and great uncertainty in the world, it's hard to say. However, the figures look good in the first quarter, says the director.
Controlled by family
The company is fully owned by VK Holding 2018 ApS, which is controlled by the Gottenborg family. The three largest owners are Dan Gottenborg Jacobsen, Vibeke Gottenborg Kajbæk, and Kim René Gottenborg Jacobsen. The ownership is consolidated and anchored in Vordingborg.
