RIVAL Reaches Major Milestone
RIVAL A/S achieved a turnover of more than DKK 100 million in 2024. Reaching the nine-figure mark has been a major goal, and the result even exceeded expectations.
The management at RIVAL is proud and pleased when looking back at a truly successful 2024. A gross profit of DKK 21.3 million and a net result of DKK 8.2 million reflect healthy growth and strong business.
“We feel very well equipped for the future and the growth ambitions we have,” says CEO Henrik Holvad. “We live in very uncertain times and need to be robust and ready to adapt if necessary. And we are. Our employees play a huge part in that.”
Continued Growth in the Defense Industry
RIVAL currently has strong partnerships with significant international customers in the defense industry. It’s a growing market — unfortunately for sad reasons.
“The demand from the defense industry is only going one way — and that’s up
We have established a solid foothold in the market, and several customers want to expand our collaboration. That’s why we’ve also invested in new equipment worth tens of millions of DKK, which will come into operation during the spring,” says Sales Director Christian Aarup.
“We aim to continue growing in 2025 by increasing our capacity — both in terms of machine numbers and uptime.”
Business and Culture Develop Hand in Hand
The goal for 2025 is a revenue growth of around 15%. “That requires us to keep putting in the effort and delivering on our promises,” says Henrik Holvad. “At the same time, we’re very aware that our unique culture is crucial to our success. We create the best conditions for continued development when culture and strategy go hand in hand.”
