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More stable year in the iron foundry – Danish ULDALL Foundry with good figures and prospects

We have learned from ULDALL Foundry, Denmark that business has stabilized and the BIRN Group company is approaching the future in a stable and well-developed manner despite difficult conditions.

Reading time: min | Bildquelle: © ULDALL iron foundry; Pixabay

In recent years, the ULDALL iron foundry in Vejen, Denmark, has been on a growth trajectory with large orders and many new hires. In the second half of 2023, production has stabilized, and with a turnover of just over 10.6 million euros in 2023, it was nine percent lower than the previous year, which is considered satisfactory by the iron foundry.

Since 2021, the ULDALL iron foundry in Vejen, Denmark, has been extremely busy. Major orders were landed, triggering two breathtaking years of strong growth and many new hires, resulting in the need to work two shifts in both 2022 and 2023 for the first time since 2009.

Production record in 2023

The first half of 2023 continued to be busy and several production records were broken, while the second half of 2023 transitioned into a more natural state. Turnover in 2023 amounted to €10.6 million, down nine percent on the previous year, while net profit of €804,000 was almost 17 percent lower than in 2022.

- Of course, the fluctuations in revenue and activity were not without cost. However, the decrease in revenue compared to 2022 is primarily due to lower surcharges as a result of stabilized electricity prices, meaning that 2023 was a satisfactory year overall, according to Sales Manager Dion Brun.

ULDALL is part of the BIRN Group, one of the largest foundry groups in Northern Europe. BIRN in Holstebro and TASSO in Odense are the other Danish companies in the group, while KOCKUMS MASKIN in Sweden, BIRN GERMANY in Germany and TASSO BERNAREGGI in Italy are also part of the BIRN Group. In 2023, a new strategy and a new visual corporate identity for the foundry group was introduced, which will support increased collaboration between the companies in the group.

- Collaboration within the Group and in various functions within the companies has intensified. We are working together as one team across the Group and in the subsidiaries and have optimized our collaboration on common customers and markets over the past year, says Claus Beier, CEO of the BIRN Group.

Importance of sustainability

For the second year in a row, the BIRN Group has published a sustainability report that provides a comprehensive overview of how the Group is working with climate, environmental, social and management initiatives to support upcoming EU sustainability reporting requirements. ULDALL is also seeing a growing awareness among customers that carbon footprint is an important factor in product selection.

- It is crucial that we can inform our customers about the CO2 emissions of each of our cast iron products. It is therefore extremely important that we have made good progress with climate reporting at both Group and company level. It is a competitive parameter that we cannot escape," says Dion Brun.


 

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