Pre-Covid results reported by Jensen-Group

The Jensen-Group has reported to be satisfied with the 2021 results: the revenue of €260 million for 2021 – an increase of 6% compared with 2020 – as well as an order intake of €345 million. The results are considered to be favourable, despite overall the hardship the world faced in 2021 due to the pandemic..

The Covid-19 limitations imposed on tourism and travel particularly affect the company’s level of activities in the hospitality business, because many customers continue to reduce or close down parts of their operations. Most of the recovery in the healthcare and industrial laundry industries was made in Europe and North America. The co-operation with Inwatec that started in 2018, has resulted in various impressive reference installations around the world. The company anticipates a growing demand for the THOR automated soil sort solutions using robotics and AI. In March 2021, the Jensen-Group increased its shareholding in Inwatec ApS from 30% to 70%. Further investments were made in China and Sweden.

Jesper Munch Jensen, the company’s CEO states that the focus will remain on customer centricity and sustainable innovation through new product development in the factories, although scarcity in electronic components, supply chain issues, and important price increases may impact the business in the near future.