Kirk Kapital realises strong 2019 results
General news /22.04.2020
2019 was a successful year for the family-owned investment company Kirk Kapital. The company’s result was DKK 680 million, which is the best result in the company’s history
The positive development in 2019 pleases Kim Gulstad, CEO of Kirk Kapital, “We’ve seen an extraordinarily good result in 2019. Our strategic investments developed operationally very successfully and the return from our financial investments was impacted positively by the favourable development in the financial markets,” says Kim Gulstad.
The result of DKK 680 million represents a significant increase on the year before where the result was DKK 164 million. Kirk Kapital’s total equity rose to DKK 5,108 million by year end.
2019 was also the year where Kirk Kapital increased its total activities with the company and the family behind the cooling company Nissen A/S entering into an asset management collaboration, whereby Kirk Kapital overtook the wealth management of the Nissen family’s assets.
“Overall, it’s been a very satisfactory year. Our strategy has borne fruit and in 2019 we increased our portfolio of large minority investments with TITAN Containers, TP Aerospace and Scanmetals”, says Kim Gulstad.
He is also pleased that 2019 turned out so well in the light of the very turbulent start in 2020 caused by the Corona pandemic.
“No one knows how 2020 will end. In this light, we are happy that we are entering 2020 with a solid result from the year before,” adds Kim Gulstad.
Read the full 2019 annual accounts here
Morten Huse Eikrem-Jeppesen, PressConnect for Kirk Kapital, +45 53 85 07 70