Once again, Dana Lim, the Nordic region’s leading producer of adhesives, fillers and sealants, has achieved great growth in the top line. In the accounts just presented, both turnover, market share and the number of employees have increased. However, like the rest of the industry, the Nordic company has noticed the price increases for raw materials, and earnings have therefore fallen compared to last year. The management is nevertheless very satisfied with the result.
Global supply chains have been volatile over the past year and significant price increases have affected most industries. Dana Lim is no exception, where the earnings in the manufacturer’s latest accounts bear the stamp of increased raw material costs. The consequence is a drop in EBITDA from 7.4% in the financial year 2020/2021 to 5.3% in 2021/2022.
But in the same period, Dana Lim has achieved a significantly increased turnover of NOK 691.5 million, which is a growth of a full NOK 115 million or almost 20% compared to the previous financial year. All in all, Dana Lim has a profit before depreciation and write-downs of NOK 36.9 million this year, and managing director Lars Christensen is very satisfied with this year’s result:
– Seen in light of the extensive price increases for raw materials that we have experienced, which it has not been possible to pass on to the market, this is a completely acceptable result. It is particularly pleasing that it is the 13th. year in a row we present growth at the top line, while at the same time increasing both sales and market share. We certainly have reason to be proud of that.
Even more motivated employees
Also on the staff front, the company has grown by 10% in the last financial year, where 22 new employees have been added.
Dana Lim is characterized by a very high seniority and a fundamental value of focusing on people. The company has also achieved the Great Place to Work certification several times.
– Motivated employees are the core of our success, and especially in these times, when many companies are experiencing problems attracting qualified employees. We are therefore proud that we are continuing and succeeding. Our employee well-being and brand as an employer is something we focus a lot on, because it is not only important for our current employees, but also for our ability to attract future skilled employees and thus provide our customers with the best service, concludes Christensen.