KNI A/S delivers a half-year result of DKK 86.8 million. DKK before tax in the first half of the financial year 2025/26. This is a significant improvement compared to the same period last year, when the profit before tax was DKK 59 million. DKK
The total turnover in the first half of the year amounts to DKK 1,405 million. DKK, which is a decrease of DKK 40.8 million. DKK compared to the first half of the previous year. The development covers a drop in revenue of approximately DKK 97 million. DKK in the Goods Division, while the Energy Division has made progress of around DKK 56 million. DKK
Fall in the goods division
The decrease in the goods division is primarily due to the loss of wholesale turnover within tobacco, beer and water and the closure of duty free in Kangerlussuaq. According to KNI, the energy division's progress can be attributed to the fact that it is now sold at regular sales prices. In the same period last year, previous years' profits were used for price-reducing measures.
The decisive reason for the satisfactory half-year result is a larger than expected sale of fuel outside the service contract area. This particularly applies to sales to cruise ships, trawlers and other customers, which have contributed positively to earnings.
- The goods division has despite the changes framework conditions and the following turnover loss managed to adapt the business enough to create a less positive earnings. We have succeeded in making it necessary capacity adjustment, while assortment adjustment as well as others strategic initiatives have not yet been successful, writes KNI A/S in a press release.
KNI expects that the result for the second half of the financial year 2025/26 will be at a significantly lower level than the first half of the year. The expectation is that both divisions will realize minimal profits.
