The leading Nordic manufacturer of adhesives, filler, and grout has just presented its latest annual report for 2023/24. Despite the generally challenging market conditions in the construction industry, which have led to a slight decline in both the top and bottom lines, the management considers the results to be satisfactory. Dana Lim has also positioned itself as a frontrunner by submitting its first auditor-certified ESG report – a full two financial years before it becomes a legal requirement.
Dana Lim looks back on a year marked by significant challenges in the construction industry, but at the same time, a financial report that reflects the company’s strong foundation and adaptability. The latest annual report shows stable economic development with an increase in both solvency ratio and equity, while EBITDA has decreased compared to the 2022/23 financial year.
– It’s no secret that the construction industry has faced headwinds in the past year, but our ability to adapt to market conditions is reflected in a stable top line and bottom line, as well as very strong solvency and equity. We definitely have reason to be satisfied with this, says CEO Lars Christensen.
A step ahead of the legislation
As part of Dana Lim’s focus on responsibility, the company has for the first time submitted an auditor-certified ESG report – two years before it becomes mandatory for companies of Dana Lim’s size. This is an important step in Dana Lim’s strategy to stay ahead of the development and deliver solutions that match and exceed the demands of customers and society.
– We strive to lead the way and demonstrate how sustainability and transparency can go hand in hand – to the benefit of both customers, partners, and society as a whole. That’s why we are proud to present our ESG report already, explains Lars Christensen.
A step ahead of the legislation
As part of Dana Lim’s focus on responsibility, the company has for the first time submitted an auditor-certified ESG report – two years before it becomes mandatory for companies of Dana Lim’s size. This is an important step in Dana Lim’s strategy to stay ahead of the development and deliver solutions that match and exceed the demands of customers and society.
– We strive to lead the way and demonstrate how sustainability and transparency can go hand in hand – to the benefit of both customers, partners, and society as a whole. That’s why we are proud to present our ESG report already, explains Lars Christensen.
Investments to secure the future
Despite the slowdown in the market over the past year, Dana Lim maintains a high level of investment and looks to the future with optimism. A key focus area is the ongoing expansion of the company’s facilities in Køge, which aims to strengthen the company’s foundation in the local area.
– Although it has been a challenging year, we still have strong faith in the future. We are convinced that the market will recover, and that’s why we continue to prepare for it. Renovations, especially with a focus on energy savings, hold great potential, says Lars Christensen and concludes:
– For us, it is therefore crucial that we continue to ensure the best conditions for our development work, production, and employees, who are our foundation for maintaining our operations in Denmark.
Dana Lim was founded in 1929 and is owned by Kai Hansens Fond. The company’s headquarter is located in Køge with subsidiaries in Norway, Sweden, Finland, Poland, Ukraine, and Lithuania.
