The Savills Blog

Record turnover in 2021

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The CEO was pleased to present the annual accounts for 2021, because turnover has almost doubled.

The accounts landed at a gross profit of DKK 41 million, compared to just under DKK 19 million the previous year. This reflects that 2021 was a busy year for the company. 

Several major transactions and continued strong domestic and international demand for property consultancy and valuations contribute to solid growth in the company.

We finished 2021 on a high note. Our advice and services create results for our Danish and international clients, and this has given us a highly satisfactory result on both the top and bottom line

Jacob Lund, CEO and partner

Jacob Lund is particularly pleased that the growth includes all departments, including Capital Markets, Letting as well as Valuation and Consultancy.

- We have experienced a considerable demand for all our services, with the result that we have strengthened the organisation with new staff in all departments, says Jacob Lund.

In the past year, we have had a net growth of six new employees, and with these recruitments, the company now has approx. 38 employees in the Copenhagen office and in the newly established department west of Copenhagen. This is the largest staff in the company's history.

In the light of a prolonged period of Covid-19 uncertainty, the company's 2021 agendas have focused on ensuring the success of its clients, the professionalism of the company, the well-being of its employees - and ultimately the overall economy of the company. According to Jacob Lund, all these goals have been met - and more.

In 2021, we have increased our market share in a market with strong activity compared to the previous year. Among other things, the company has acted as adviser on a number of significant property transactions in the project market as well as in the office and multifamily market.

2022 outlook
The company's strategy is unchanged and its ambitions for the coming financial year remain high, even though, Jacob Lund points out, it will be necessary to navigate a market where conditions are changing.

- As for everyone else, we are facing some current challenges that naturally slow down our expectations. Geopolitical turmoil, rising interest rates and inflation create uncertainty in the market, and we must adapt accordingly. Having said that, we are equipped for the continued growth journey in a market where activity is expected to remain at a stable level.

Jacob Lund emphasises that the company has a strong business concept, made up of the country's most skilled property specialists and a solid data setup that is increasingly being implemented in several work and business processes.

Knowledge, diligence, and realism are the key words for 2022, concludes Jacob Lund.

 

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