Hoyer Group Achieves Record Results and Unveils New Strategy

Hoyer Group is pleased to announce the best results in the history of the company, with an increasing profitability and an EBITDA of 216 % compared to last year. The net profit also saw a significant increase of 435 % compared to previous years.
Hoyer Group Achieves Record Results and Unveils New Strategy

Image source: Hoyer Motors

This achievement is a reflection of Hoyer Group’s dedicated workforce and strategic advancements, including the enhancement of their ERP system and the inauguration of their new facility in Ningbo.

Record-breaking performance
“I am pleased to see the Hoyer strategy deployed trough deep understanding of the customers technical and commercial requirements. This makes Hoyer a strong partner all the way from specification to delivery”, remarks Søren Ø. Sørensen, Chairman of the Board, Hoyer Group.

CEO Henrik Sørensen adds, “Our team’s profound application expertise and industry experience as well as our flexible production have been pivotal in delivering custom high-performance motors, that are fit for unique customer needs”

Future growth and new strategy - leveraging 50 years of experience
Looking forward, Hoyer Group has unveiled a new strategy plan – “Together we outsmart the ordinary”. This strategy encapsulates their future vision and reflects their 50-year journey of market expertise.

Henrik Sørensen explains “Hoyer is growth-oriented towards 2027, and as part of the strategy, we plan to optimise our business model to continue to expand our core markets as well as be able to focus on fit-for-purpose offerings”.

“The very strong 2023 result gives Hoyer a fantastic platform to reach for the next level of customer satisfaction, growth and profitability formulated in the newly developed and approved strategy “Together we outsmart the ordinary “, says Søren Ø. Sørensen.

With the new strategy, Hoyer aims to elevate its solution offerings, which builds on their high-performance motors as the foundation for more advanced offerings. Together with the customers, Hoyer Group strives to enhance operational performance and efficiency in their core segments and applications, and thus driving the green transition.

Sustainability at the core
At Hoyer Group, sustainability is at the core. “We have an ambition of being the Green Transition Partner of choice for customers. With this ambition we aim to help shape the renewable applications of tomorrow while taking a responsible approach to sustainability across the value chain, markets and products” says Henrik Sørensen.

Hoyer Group is committed to the green transition by advising customers on environmentally sound motor choices. In line with the Eco Design directive effective from July 1, 2023, Hoyer Group is at the forefront of guiding customers towards eco-friendly motor solutions. Their readiness with IE4 motors aligns with their mission to support greener choices. Furthermore, the upgraded ISO certifications across Denmark and China underscore their structured approach to quality, environmental, and health & safety management.

Hoyer Group’s annual report is complemented by their ESG report, which outlines Hoyer Group’s initiatives in minimising their climate impact and promoting energy-efficient solutions. The green transition permeates the company and is a consistent theme for everything they do.

Source: Hoyer Motors

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