All business areas and markets made a positive contribution to the financial results for the year, which is apparent as a major improvement over the negative result that the Group realised last year.
CEO of IAI Holding A/S, Bjørn Thorsen, said: “We can confirm that Ib Andresen Industri’s strategic plan, which focused on our core business and growth in local markets and the bottom line, produced the expected outcome.”
Expectations for the current financial year 2016/17 are positive and further progress in the top and bottom lines are anticipated in line with the plan.
Bjørn Thorsen concludes: “We strive to be Northern Europe’s preferred supplier of value-adding steel solutions. There are numerous interesting projects in our pipeline within steel, aluminium and stainless steel, and we are seeing strong demand in the market for our skills and expertise within the business areas ‘steel service centre’ and ‘steel solutions’.“