Annual report 2020

GSV's annual report 2020

We are proud of rising earnings in a year where COVID-19 has made it difficult. GSV’s profit increased by 84.5% to DKK 58 million in 2020.

The profit was realized despite a decrease in revenue of DKK -100 million, as a result of the divestment of the pavillon business at the end of 2019.

The progress in the result was ensured through improvements in operations and adjustment of costs.

Through the pandemic, we succeeded in servicing our customers, and maintaining safety and health for our employees.

We end 2020 with a solid balance sheet and renewed growth in revenue.