FOSS made a turnover of EUR 172 million and a profit before tax of EUR 29 million. The introduction of groundbreaking analysis equipment for improvement of food quality has allowed the company to come through the global economic downturn in a stronger position.

Turnover and profit

In 2009, FOSS A/S recorded a turnover of EUR 172 million (of which 98% was derived from abroad). The result before tax was EUR 29 million and profit after tax was EUR 22 million.

”The year brought some challenging conditions in which the food industry held back investment on, amongst other things, analysis equipment due to the ongoing global financial crisis. Despite the difficult conditions, we gained a reasonably good operational result. In China, Japan and Korea, we even saw substantial growth,” said FOSS President, Peter Foss.

Solvency ratio is 75% and own capital is over EUR 166 Billion.

“It is very satisfying that we have the necessary capital strength to initiate acquisitions within our business area should the right possibilities present themselves,” said Peter Foss.

Continued strategic investment in innovation and LEAN processes

“We came through 2009 in a stronger position because we avoided short term decisions and instead reinforced our LEAN approach and continued to base our growth on the regular introduction of groundbreaking new products. In 2009, we introduced several new analytical solutions for our customers in agricultural and food industries and we have more on the way in 2010,” said Peter Foss. “It is this continued investment in innovation that has allowed us to emerge stronger from a challenging year.”

“Among the new analytical solutions introduced in 2009 is one that allows a wide range of food products to be quality controlled both manually and online. We expect a nice growth in turnover and profit in 2010,” said Peter Foss.

Key figures

2009 (Mio. EUR)

Turnover 172

Result before tax 29

Result after tax 22

Equity 166

Equity ration 75%

Foreign trade 98%

Facts about FOSS

The family-owned FOSS company is the world’s leading supplier of dedicated analytical solutions that ensure optimal production of food, agricultural, pharmaceutical and chemical products. FOSS solutions analyse and control products during production – helping to optimise both quality and profit. FOSS has manufacturing and research and development facilities in Denmark, Sweden and the USA with headquarters in Hillerød, Denmark. Solutions are sold and supported through 25 FOSS sales and service companies in Europe, North America, South America, Asia and the Pacific Region as well as through an extensive global network of distributors. Today, FOSS employs around 1150 staff across the world.