VEJLE, DENMARK – GPV reported record second-quarter revenue of DKK2.7 billion ($396.3 million) and revenue of DKK 5.4 billion ($792.6 million) for the first half of the year – an increase of 151% compared to the first half of 2022.

"We are on a positive journey, and first and foremost, I would like to thank my many colleagues for their dedication and commitment, which I see every day at our sites and offices around the world," said CEO Bob Lybæk. "The combination with Enics, which has now been in effect for three quarters, is progressing as planned, and in June 2023, we launched a common organisational structure. We continue to see strong demand with customers supporting the green transition, and this is an important driver in the current positive development."

"Despite the good progress we are making, there is still a lot of work to do, and we are far from finished integrating and getting better together. However, along with the positive development, we see signs of slowdown and declining growth rates. However, we are still quite pleased with the current situation."

For the full year, the Danish electronics manufacturer is now targeting revenue in the range of DKK9.9 billion to DKK10.3 billion ($1.45 billion to $1.51 billion), up from the previously expected DKK8.8 billion to DKK9.2 billion ($1.29 billion to $1.35 billion).

“Both revenue and earnings are developing satisfactorily, but we still struggle with high component prices among other post corona effects," said Lybæk. "The high prices on input materials have a positive impact on the top line but challenges the bottom line. In general, however, we see improvements in the availability of electronics components."

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