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Danish companies register record high profits

Lucie Rychla
December 22nd, 2016


This article is more than 8 years old.

More money should be invested in new production, urge industry experts

Danish companies earned record high profits since the financial crisis last year, reveals a new analysis of the Danish auditor organisation FSR Danske Revisorer.

Profits increased by 19 percent to 269 billion kroner before tax compared to 226 billion in 2014.

“Already prior to the financial crisis, we had many companies that were not viable and could only exist in [an environment of] huge overspending,” Tom Vile Jensen, the industrial policy director at FSR Danske Revisorer, told DR.

“These companies are now gone, while those that are still here are smart and have managed to find the formula to make money.”

READ MORE: Everything is awesome about Lego’s record financial results

More investments encouraged
With the larger profits, companies should invest more into new production instead of paying more money to shareholders and owners, believes Jonas Schytz Juul, a head analyst at the economic think-tank AE-Rådet.

The confederation of Danish industry, Dansk Industri (DI), agrees and urges Danish politicians to lower taxes on business investment.

“It is about making it more attractive for companies to invest money in Denmark and create good jobs in Denmark with the most modern equipment for the benefit of the Danes,” said the vice-president of DI, Kent Damsgaard.

FSR’s analysis is based on data from more than 140,000 financial statements from Danish companies, excluding banks and oil companies.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

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.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

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.”