News
PRESS RELEASE 4. SEPTEMBER 20155
STM doubles profits
With a profit of DKK 6 million before tax, the past fiscal year has equipped one of the leading manufacturers of windows and doors for investment and new growth.
Sales and profits in STM Vinduer A/S have grown more than expected in the past fiscal year. With a profit of DKK 6.18 million before tax, the company is well-positioned in a highly competitive market.
- We are content with the results, which will serve as a cushion to invest in the future, says MD Finn Methmann.
Stronger service concept
Over the years STM Vinduer A/S has invested significantly in the development and improvement of their service organisation.
- We are highly ambitious and want to ensure that all clients receive the best possible service, explains Finn Methmann.
The growing company, headquartered at Langeland, has expanded its workforce over the year and their growing pool of applicants for vacant positions is proof that their success has not gone unnoticed.
Major investments
The machine park has been updated and expanded in the past year, and STM Vinduer A/S is continuing to implement a major investment plan.
- We are working to increase automation and our workforce in the coming years, as we have high expectations for the future, says Finn Methmann.
Positive expectations Danish consumers generally have more positive expectations for the future, which is expected to revitalise the housing market. This will have a positive impact on investments in energy renovation, as well as new windows and doors.
The reintroduction of the “tradesman’s allowance” (håndværkerfradraget), as well as a greener allowance profile as of 2016, are expected to increase demand for materials from STM Vinduer.
FACTS
STM Vinduer A/S was established over 40 years ago, with about 150 employees in production and administration at Langeland. SSTM Vinduer A/S sells to the Danish market via timber suppliers in the professional construction industry.
For more information: MD. Finn Methmann – Phone. +45 63 51 16 29