GASA Group delivers record results for the DLG Group

GASA Group has achieved a historically good profit of EUR 3.6 mln before tax
The profit is due to several years of rationalisations, consolidation in the Danish market and increased performance in subsidiaries.

In 2015 DLG’s subsidiary GASA Group achieved its best profit to date of EUR 3.6 mln before tax, based on a record turnover of EUR 306 mln. Profit for the year is more than double compared with 2014.

“In 2015 we have seen the results of more targeted initiatives over the past three years, despite a pressured market in Europe. The market for flowers and potted plants is changing, but with our strong subsidiaries in the Netherlands, Germany and Poland, we have created a strong position with unique market opportunities,” says Niels Søren Rasmussen, CEO of GASA Group.

With subsidiaries in the major markets GASA Group is able to offer the full selection to all customers and this is unusual and creates strong customer relationships.

“We stand out and have a proactive and innovative approach to the European market, where we keep the customer in focus,” says Niels Søren Rasmussen.

“GASA Group must generate further growth in 2016. Most of it we expect to see in the existing markets, but we are also focusing on getting a significantly larger slice of the cake in neighbouring markets – including in Scandinavia.

Financial ratios GASA Group	2015	2014	2013	2012
Turnover, EUR mln	306	279	282	254
Profit before tax (EBT), EUR mln	3.6	1.7	0.3	-3.8

About GASA Group
GASA Group is 100% owned by the DLG Group, which was the majority shareholder in 2008. GASA Group is a large international trading company with 400 employees and subsidiaries in the Netherlands, Germany and Poland. The activities are in the four main areas Wholesale, Retail, Garden Center and Young Plants.