MODULEX A/S, HEADQUARTERED IN BILLUND, DENMARK, HAD A STRONG FINANCIAL PERFORMANCE IN 2021 DESPITE ANOTHER CHALLENGING PANDEMIC YEAR.
May 6, 2022.
The global visual communications leader with 30 offices and multiple production facilities worldwide, provides wayfinding and architectural signage solutions and multi-site brand implementation rollouts and is the foremost manufacturer of system signage worldwide.
The group ended with an EBITDA of DKK 17 million at the close of December 31, 2021.
While the group came out profitable, some market sectors, such as hospitality, continue to be gravely affected by the global pandemic and are only starting to see signs of rebounding this year. Despite the ongoing lack of access to installations and limited client interface, the local offices worldwide held firm. The global account team has had its best year in Modulex’s history, with Americas and Western Europe implementing some major company rebrands.
“Given the continued pressure on supply chain and raw materials such as aluminium, our performance is exciting,” says Ketil M. Staalesen, CEO and majority owner of Modulex Group. “Our production team leveraged partnerships established over years of collaboration to ensure we could meet our clients’ demands. Our business development strategy focused on promoting eco-friendly products, Etronit and Greenbond™, which are less affected by the supply chain concerns.”
Modulex Group’s focus for 2022 will be the design-build strategy, global accounts, more eco-friendly products, and the launch of the cloud-based project management software, e-Modulex. Modulex has already brought on new branded partnerships with established companies that are regional leaders in the industry to drive the brand further and expand its global reach.
“2022 will still be a challenge,” says Staalesen. “However, our solid business strategy and our management team’s ability to fight through the past two years inspires me. I couldn’t be prouder of them, and I expect us to exceed our expectations this year.”
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 communication and brand implementation. 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 the ISO9001 certified factory in Denmark created a sustainable product line. It was awarded the Green Network diploma for nine straight years. The multi-national group has five factories globally. It has a presence in over 300 cities across 45 countries, giving them infinite reach and the ability to deliver on its promise of global vision, local reach, and one company.
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