Denmark
July 17, 2023
Westrup has not only sustained but amplified its impressive course with a 300% profit increase, proudly unveiling fantastic achievements for the second consecutive year in the fiscal period of 2022/23.
Bo Borne Jørgensen, CEO, Westrup ApS
Unparalleled Success, Two Years in a Row
We are very pleased to announce yet another successful fiscal year 2022/23, validating our unparalleled financial accomplishments for the second consecutive year. The diligent pursuit of internal optimization strategies and the implementation of refined sales architectures have yielded substantial returns, positioning us in a stronger position than ever before.
While the challenges posed by the Ukraine War and the escalating costs of parts and materials have not evaded our company, Westrup still managed to increase profits by focusing on other areas of the business.
“We are finally able to see the results of years of focus on effective internal resource management strategies and the implementation of new sales strategies. Everyone at Westrup has gone the extra mile to make this happen”.
Says Bo Borne Jørgensen, CEO of Westrup ApS in Denmark, and continues;
“It has been my main goal since I assumed the role of managing director role in 2020, and it is a great accomplishment to finally see the complete turnaround and witness that we are finally turning profits”.
Business Highlights
The past year has offered many wonderful milestones for the company as a whole, our employees and for our partners.
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The NoroGard-Westrup Seed Treater line was launched as a result of our merger with the esteemed Swedish company NoroGard. This merger was a significant milestone for us, as it allowed us to integrate the renowned NoroGard brand into our operations. We take immense pride in this collaboration, as it enables us to combine NoroGard's strong reputation and expertise in seed treatment with our own capabilities in designing tailored solutions.
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We welcomed Premium Seeds Machines (PSM) to the Westrup Group – a new partnership fostered and led by us. PSM is a leading manufacturer of high-end seed priming and drying machines, known for their exceptional quality and advanced technology. By welcoming PSM into our group, we have expanded our product portfolio to include these cutting-edge seed priming and drying machines.
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We have actively pursued several compelling customer projects through competitive bids, ensuring a promising workload for the upcoming year.
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The exceptional dedication demonstrated by all Westrup employees throughout the past year has played a pivotal role in the company's success, resulting in an astounding 300% increase in profit compared to the previous fiscal year. We are immensely proud of our employees and recognize their contribution as the driving force behind our outstanding performance.
Future Outlook
Looking ahead, we eagerly anticipate the release of new and updated products in the coming year, a development that holds great excitement and potential for our company's continued growth and success.
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