Progress for the Aalborg Portland Group – but dramatically increasing Danish taxes are a serious challenge for investment and growth.
Aalborg Portland saw progress in 2012. Total net sales of the Aalborg Portland Group were EUR 580m compared with EUR 550m in 2011. Earnings before tax were EUR 66m in 2012 compared with EUR 49m in 2011.
The growth is i.a. due to the development in emerging markets outside Denmark. In recent years the company has invested more than EUR 135m in new production facilities in emerging markets. For example in Malaysia, where Aalborg Portland is doubling the capacity at the plant by means of investments. The results from the emerging markets outside Denmark contribute increasingly to the Aalborg Portland Group’s total earnings.
The Aalborg Portland Group’s Annual Report 2012 can be read here.