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  1. Hoyer Motors
16 August 2011

Annual Accounts Exceed Expectations

Svend Hoyer A/S (Hoyer) reports extraordinary results for the fiscal year which ended on April 30, 2011 – a year marked by strong growth that exceeds the company’s objective for the year.

Therefore, Hoyer has reasons for its high ambitions for the future and expects to meet the long-term financial objectives of having an annual growth of at least 20 pct. until 2015.

At Hoyer the last financial year is a very good indicator that the company is going in the right direction. In the light of the favorable development Hoyer therefore expects to complete the many projects that have been initiated.

“We have succeeded in achieving our ambitious goal. The last financial year for which the accounts have been closed shows that we have managed to meet our goal of a growth rate of more than 20 pct. We consider this as a very satisfying result,” says Thomas Klausen, Sales Manager, Hoyer.

Focus on key areas

To meet the ambitious objective the company has been enhanced in several ways as regards both branding, sales and quality.

Mr Klausen said: “we have achieved significant certifications and documentations and as a result of the creation of the two Strategic Business Units Hoyer Motors and Hoyer Transmissions, the company has been more focused.”

“Because of our ambitious objective the organization has been streamlined and made more efficient. This includes a strengthening of essential areas and an expansion of the sales force in order to cover the market better – and in addition to that try out new markets,” says Mr Klausen.

Future expectations

Hoyer’s objective of having an annual growth of at least 20 pct. remains. This means that a number of additional actions are going to be carried out in this financial year.

“Besides having great expectations for several markets, some of our new and important contracts really begin to pay off during the coming period. But there is no doubt that Hoyer’s two Strategic Business Units, Hoyer Motors and Hoyer Transmission, will continue the positive tendencies in this financial year as well,” states Mr Klausen.

As the result shows, Hoyer has more than just come out of the economic crisis unscathed. However, like many other companies Hoyer has used the crisis as a good opportunity to strengthen its product range and to create new initiatives and relations.

“As a company we have learned a lot from the financial crisis. Primarily that no one is untouchable and that a targeted effort and a constant focus on reaching the goal are essential parameters in the activity of maintaining and building relations,” added Mr Klausen.

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