Jensen Group announces good financial performance in the first quarter of 2018

Jensen Group announces good financial performance in the first quarter of 2018 (Belgium)

The Jensen-Group reported a very good financial performance in the first quarter of 2018, with revenue rising to 86.0 million euro, a 4.2% increase compared with the corresponding period of last year. However, the group now expects half-year revenue to be lower than last year primarily due to a slowdown in large projects caused by consolidation of major customers.

The order backlog at the end of March 2018 was 6.0% lower than at the end of March 2017. Excluding orders that will not be delivered in 2018 and considering the finished goods and work in progress, production backlog is 32.7% lower than as at March 2017, according to the company’s press statement on 14 May.