Friday, May 24, 2024

Criticized Danish workshop loses millions 3rd year in a row

The workshop chain Skorstensgaard, whose business methods have been criticized in the media, is a loss-making business for the third year in a row.

They lost millions of kroner in 2021 and 2022.

And now the latest accounts from the workshop chain Skorstensgaard again show messy numbers on the bottom line. The chain, which has been taken to court by the car importers and criticized in several TV broadcasts, lost DKK 9.4 million in 2023.

That's what Motor magazine writes.

The deficit is, it is stated in the accounts, exactly the opposite of management's expectations. Here, one had expected to see a few million – maybe three – in addition to the bottom line.

The deficit is this time explained by the closure of a workshop in Næstved. In addition, less work than expected also gets its share of the blame for the deficit.

Skorstensgaard notes, however, that the deficit has decreased. The primary operation is thus only understated by DKK 5 million. In 2022, that figure was a minus of DKK 27.4 million.

The number of bank notes has also fallen significantly. The company, which was bought last year by the car importer Nic. Christensen, has gone from 350 employees in 2019 to now being down to 185.

The management behind the workshop chain believes, however, that the future looks somewhat brighter. Because while the millions are not expected to roll into a profit after 2024, it could turn into a business that 'breaks even'.

Skorstensgaard himself has become part of the car importers who fiercely criticized the chain's form of marketing in several court cases. The chain must service a Chinese brand in Denmark. Read more about it here .

While the workshop chain looks forward to better times, it may also look that way for the Danish Henrik Fisker car brand. Recently, the car designer told his remaining employees that there are 'four interested buyers'. Read more about it here .

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