Modulex A/S Records The Best Financial Performance In Decades For 2023

June 20, 2024

Modulex Group, a global leader in visual communications, has 30 offices and multiple production facilities worldwide and specializes in wayfinding and architectural signage solutions, multi-site brand implementation rollouts, and system signage manufacturing.

The Group finalized its official financial report and concluded 2023 with a net result of DKK 28.4 million.

Modulex’s global account team recorded its most successful year, overseeing major company rebrands worldwide. Some of our local markets, including offices in Billund, Denmark, and Miami, USA, experienced exceptional performance. In contrast, markets like the UK and Canada, which faced challenging conditions, rebounded strongly and showed positive growth.

“2023 was a pivotal year for the group,” said Ketil M. Staalesen, CEO of Modulex. “We celebrated our 60th anniversary, embarked on a company purpose journey, and launched an innovation strategy. These initiatives ignited our passion and led to an extraordinary year, the best since I became CEO of the Group.”

Modulex Group’s focus for 2024 will be on enhancing its service offerings, including design services, global brand implementations, corporate sustainability, cloud-based project management software, and Verifind, our latest innovation that utilizes eye-tracking data to enhance wayfinding strategies. The hospitality sector is experiencing a promising resurgence, with numerous hotel and resort projects underway, alongside two major market airport projects slated for completion in 2024.

“2024 is shaping up to surpass 2023,” Staalesen remarked. “Our purpose is clear, and our emphasis on innovation and sustainability creates new opportunities for us. The energy and dedication of our team to maintain our industry leadership is inspirational and makes me proud to be their leader.”

For more information about Modulex, please visit modulex.com or follow this link to see a copy of the financial report.

About Modulex Group:

Founded in 1963 by the LEGO Group and since 2009, owned by managing partners and external investors, Modulex is a global leader in visual communications. Rooted in Danish design excellence and a modular signage concept, Modulex has evolved its offering with design, wayfinding, custom solutions, and brand implementations. In 2019, Denmark’s ISO9001/14001 certified factory created a sustainable product line and received the Green Network diploma ten times over the past years. The multi-national Group has several production facilities globally. It has a presence in over 300 cities across 45 countries, offering infinite reach and the ability to deliver on its promise of global vision, local reach, and one company.

For more information, contact:

Media Relations Department – media@modulex.com

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A man with a light beard and mustache, wearing a beige blazer and white shirt, smiles while sitting indoors against a red and white background.

Ketil M. Staalesen, CEO of Modulex