RIVAL grew in 2021 and finished the year by setting a new annual gross result and bottom line result. The board and the management agree that the long-term agreements with the right customers, the strong employee team and the successful implementation of the two-sided production strategy have led to the success.
RIVAL is doing well. With a gross profit of DKK 17.8 million in 2021, the company has grown significantly compared to the previous year. The bottom line result has grown as well, from 3 million in 2020 to 6.7 million in 2021.
Success with strategy in a challenging world
“We have found our special place in the market, in which we look for long-term partnerships with our customers,” CEO Henrik Holvad says. “It is our experience that our customers share this interest and see the mutual value creation the long-term partnerships provide. At the same time, we have a highly competent and motivated staff. Our employees work hard to ensure that we have the right product mix for the right machines all the time, so that we can keep the production going 24/7,” he says.