VEJLE, DENMARK – GPV International announced sales of DKK2.5 billion ($364.5 million) for the third quarter, an increase of 120% from the DKK1.2 billion ($175 million) in sales for last year's third quarter.

The company said the significant increase in revenue was primarily due to the combination with the Swiss EMS company Enics, but sales were also driven by stronger-than-expected customer demand together with higher component and material prices.

"The combination with Enics has been a top priority in 2023, and we are satisfied with our performance," said CEO Bo Lybæk. "Internally, we have received invaluable support and commitment to the integration under the heading "One. New. Leader.", and externally, our valued customers and suppliers have embraced the advantages we offer, being a stronger organisation. In summary, these constitute the reasons for the good performance presented for the third quarter and our full year expectations."

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