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Profits soaring at the top Danish companies

Lucie Rychla
August 27th, 2015


This article is more than 9 years old.

Chief economist from Danske Bank believes the trend will continue despite the current financial crisis in China

A study of the 2015 interim financial results of Denmark’s 32 top companies reveals their collective operating profits have increased by 26 percent compared to the first half of 2014, reports Børsen.

Despite China’s financial crisis, the Grexit threat, the Russian sanctions and falling stock prices, the country’s most profitable companies – listed among the C20, Large Cap and Mid Cap groups – have seen their collective turnover rise by 11 percent.

“Many Danish companies are stronger today than they were before the financial crisis, proving that everything is going in the right direction,” Steen Bocian, the chief economist at Danske Bank, told Børsen.

Stronger dollar helps
One of the companies, the shipping and logistics giant DFDS, has more than doubled its operating profit during the first six months of 2015 in comparison to the same period last year.

Bocian put the general positive developments down to the improved situation in most European economies as well as the increasing strength of the dollar.

READ MORE: Danish companies making huge gains thanks to soaring dollar

The expert believes Danish companies will continue the positive trend for some years to come, despite the challenges currently faced by some of the international markets.


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Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

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At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”