OUR OUTLOOK - Pressalit A/S

INSIGHT BROADENS
OUR OUTLOOK

SAYING GOODBYE TO A TOUGH YEAR
– AND LOOKING FORWARD TO BETTER TIMES AHEAD
Take a look at the world around us
Dear reader!
I won’t hesitate in calling 2009 a tough year. As
we look back at the highlights of 2009, we can
safely say that, as feared, it was a year marred by
financial crisis – not only for us, but for many others
as well. The whole sanitation sector suffered
as a result of fluctuations in the construction industry,
causing even well-established HWS companies
to come under severe pressure.
The financial crisis cannot be said to be one of
our making, as in no way does it reflect problems
linked to Pressalit Group’s business foundation.
Rather the crisis is rooted in a global meltdown in
which we have no part. This said, it is inevitable
that we have been affected by its repercussions
and have had to act accordingly. As early as the
beginning of 2009, it became clear that our annual
revenue budgets were no longer realistic.
The annual accounts show that Pressalit Group’s
turnover for the year amounted to DKK 460.3
million, which is 14% lower than in 2008. Nevertheless
we were able to respond to the situation
quickly and substantially reduce our costs thanks
to an extraordinary effort. Unfortunately this
meant parting company with a number of dear
colleagues, which proved difficult for everyone in
the company.
A black zero on the bottom line
Our annual earnings before interest and taxes
(EBIT) show a modest profit of DKK 1.6 million –
corresponding to a “black zero” on the bottom line.
This must be viewed as a satisfactory result in
light of the current crisis. We have benefited from
tight financial management, which together with
the reduction in stocks has had a positive impact
on our liquidity. The company also has a sizeable
equity ratio, despite the fact that a few years ago
the banks tried to convince us that this was passé.
At a time of intense focus on costs, it is good to
see that throughout 2009 we have been able to
improve productivity in our plastics factory. As
the global economy begins to move from recession
towards recovery, we know we have a sustainable
streamlined company geared to the future. We
have made the right investments that equip us for
global competition – not least our decision to
build a new toilet seat production facility in Thailand
in 2010.
As the global economy
begins to move from recession
towards recovery,
we know we have a sustainable
streamlined company
geared to the future.
Generational shift
In terms of ownership, the company has undergone
a generational shift inasmuch as my brother,
and former COO Erik Boyter, sold his shareholding
in the company in October. My mother, Fay
Boyter, also decided to sell the majority of her
shares in the company at the close of 2009. This
means that Kim Boyter and myself have acquired
their shares and now each own 45% of the A
shares in Pressalit Group A/S. Fay Boyter continues
to own the remaining 10% of B shares.
Insight and outlook
The Executive Committee has used the year to
look beyond our own borders. We have visited
nearly all our international distributors – excellent
strategic business partners crucial to our two
core business areas. This has taken us to such
faraway destinations as Japan,
Israel, Spain and Australia. This
annual profile therefore focuses
on our international outlook, but
equally the insight yet another
year of financial hardship has
given us.
Happy reading!
Dan Boyter
Executive Vice President & COO

003#
Welcome to
Pressalit Group

NEW GROUP STRATEGY
9 INNOVATORS
OUT OF THE IVORY TOWER
A NEW BRIDGEHEAD
THE WORLD IS OUR
OYSTER
TO ASIA
CARE SOLUTIONS
IN SOUTH AFRICA
AN UPLIFTING
YEAR FOR
CRISIS
CRUNCHER
KEEP LIVING AWARD
IRONMAN ANDERS OLSSON
KEY FIGURES
BOARD OF DIRECTORS
EXECUTIVE COMMITTEE
In 2009 Pressalit Group’s Board of Directors
welcomed a new employee representative to
the board in the shape of Anders Christensen,
who works in Pressalit’s fittings department.
Anders replaces Morten Harbo, who changed
jobs in mid-2009.
Following many years’ loyal
service Fay Boyter will relinquish
her place on the board in connection
with the generational
shift within the company.
The Executive Committee of
Pressalit Group A/S continues to
comprise Kim Boyter (President
& CEO) and Dan Boyter (Vice
President & COO).
001
FAY BOYTER
002
IB CHRISTENSEN
003
DAVID MEYER
004
LARS AAGAARD
005
FLEMMING THØGERSEN
006
ANDERS CHRISTENSEN
007
ALLAN CHRISTIANSEN
008
KIM BOYTER
009
DAN BOYTER

001 002 003
004 005 006
007 008 009
005#
Board of Director
and Executive
Committee

INSIGHT
IS THE ABILITY TO
LOOK OURSELVES
IN THE EYE
AT PRESSALIT GROUP WE ARE NOT
AVERSE TO CRITICALLY ASSESSING
WHO WE ARE, OUR WEAKNESSES AND
STRENGTHS, AND WHERE THE COMPANY
IS HEADED. THIS GENERATES SELF-
AWARENESS AND PAVES THE WAY FOR
INNOVATION AND GROWTH. INSIGHT
HELPS TO FORGE CLOSER TIES WITH
CUSTOMERS AND EMPLOYEES ALIKE,
BROADENING OUR OUTLOOK.

OUT
LOOK
IS THE
ABILITY TO
SEE THE WORLD
AT PRESSALIT GROUP WE LOOK AHEAD
AND AROUND US. WE ARE NOT DETERRED
BY FINANCIAL CRISES OR COMPETITION.
INSTEAD WE MAKE A VIRTUE OUT OF STRIKING
NEW PATHS, BREAKING DOWN BARRIERS AND
THINKING OUTSIDE THE BOX. OUTLOOK GIVES US
SPACE TO EMBRACE THE WORLD, BE AT THE CUTTING
EDGE OF DEVELOPMENT AND STRENGTHEN OUR INSIGHT.

NEW
GROUP STRATEGY
At the end of 2009, Pressalit the company has also developed a new overall
Group’s Executive Committee mission and vision for the group together with
put forward a new group strat- eight specific focus areas of key importance for
egy, which together with new the entire group. The eight areas are illustrated by
strategies for the Pressalit A/S the icons below.
and Pressalit Care business areas,
sets the course for future company growth.
Concurrent with the work of strategy formulation,
As part of Pressalit Group’s
ongoing policy of social responsibility,
the company developed a
set of ethical guidelines in 2009
– a so-called “Code of Conduct” –
which all employees must be familiar
with and act upon. On 9 November the
company’s Senior Management Team signed the
new guidelines, which focus on five areas:
Diversity, Human Rights, Compliance with Law,
Anti-Corruption and Environmental Care. Our
Code of Conduct sets out the standards to be
observed both by Pressalit and our business
partners and which ensure that the company in
all respects behaves in an ethically defensible
way with respect for people, the law and the
environment.
Mission:
To operate business areas that
develop, produce, sell and advise
on design-based quality
concepts for bathrooms
Vision:
A profitable, competitive company
that adds value and is
renowned for quality, innovative
solutions and responsibility, benefiting
customers, employees
and the surrounding community

INNOVATORS
For several years Pressalit Group has maintained
an Innovation Board comprising seven top executives
from the company’s two business are as
and staff functions. The board has now been
renamed the Senior Management Team, but its
mission remains unchanged: The team is tasked
with supporting the Executive Committee in generating
ideas that further develop the company,
implementing approved cross-organisational
projects and acting as role models for the desired
group culture.
In recent years the Senior Management Team
has focused on anchoring the EFQM’s Business
Excellence model as a joint management platform
for the company.
Hans Løve Høegh,
Commercial Director, Pressalit Care
Michael Bruun,
BD & Supply Chain Director, Pressalit Care
Marianne Kristensen,
Senior Finance & IT Director, Pressalit Group
Jesper Riis-Antonsen,
Logistic Director, Pressalit A/S
Henrik Damborg,
Production Director, Pressalit A/S
Niels Norge,
Senior Commercial Director, Pressalit A/S
Mette Dyhl,
Senior HRD & Policy Director,
Pressalit Group
009#
Senior
Manage ment
Team

OUT OF
THE IVO

What does globalisation
mean for Danish companies
such as Pressalit Group?
How does the world look in
the wake of the financial crisis?
And do women managers
have special skills that
mean we should strive towards greater diversity
in business? These were some of the questions
which Dan Boyter (DB), Vice President & COO,
asked one of Denmark’s leading labour market
researchers, economist and professor Nina
Smith (NS), when they met for a dialogue on
insight and outlook.
Y TOWER
The conversation began with a discussion about
Pressalit’s decision to build a production facility
in Thailand.
DB As a production company with a strong
brand, we could have chosen to outsource our
entire production facility to Asia. We don’t want to
do this, however. We are firmly established in
Denmark and will continue to be so. But the
move in Thailand was an important step in
strengthening Pressalit as a whole because of
the tremendous hidden opportunities for growth
in the region – but also in light of the financial
crisis, which has impacted our business.
NS Once the crisis is over, we will see a new
world order. In a few years, China will be the largest
economy in the world because of its current high
rates of growth. And Danish industrial companies
will be transformed from what they are today.
Then it will no longer matter whether a division is
located in Ry or in Thailand. On
the contrary, in order to secure
jobs in Denmark, it is crucial that
companies employ staff in other
parts of the world. Your decision
therefore admirably reflects
the opportunities that globalisation
provides and demands.
DB I also think that Pressalit will
increasingly become a knowledge
company. Our employee
composition in coming years is
based on more staff with longterm
education. But we continue
to stress competency development
for our production staff.
NS Some of the jobs that have
disappeared during the crisis
will not return. We are well
011#
Out of the
Ivory Tower

NINA
SMITH
NINA SMITH (b. 1955) is a professor
at the National Economic
Institute at Aarhus University
and a former economic adviser
to the Danish government.
From 2007-2009 she was also
Vice-Chancellor for Academic
Studies at Aarhus University.
She is the author of several scientific
articles in international
publications and books and is
an active lecturer on economics,
the labour market, equality and
social politics.
Nina Smith served on the Danish
Government’s Social Commission,
the Danish Government’s
Research Commission, the
Danish Government’s Welfare
Commission and the Danish
Globalisation Council. She is
and has been a member of several
Danish boards.
Nina Smith has been honoured
with several distinctions for her
work, including the prize DI’s
Æreshåndværker, the prize Den
Berlingske Fonds Hæderspris
and Knight of the Order of
Dannebrog.
aware that there won’t be many unskilled jobs left
as the jobs of the future will demand specific
skills training. That is why it is so important that
we, as a society, offer people an education. Unless
of course we decide to take on the role of the
people the Chinese outsource jobs to.
DB I actually think that the crisis has made us a
lot sharper. We are a well-consolidated company,
but even well-consolidated companies can find
themselves in trouble in the current situation. We
are fortunate in having a competent team of staff
who has ensured that our stock has been
reduced so we could maintain high liquidity.
NS Liquidity is something that enables a company
to survive. It is important that a company survives
the crisis with a strong business foundation. The
companies with strong liquidity will be able to exploit
their position when the markets recover. And
this is already happening in Asia. China is once
again experiencing growth of 9-10%, so they
probably don’t have the same perception of the
crisis right now as we do in the West.
DB Do Danish companies have a real sense of
how quickly the Chinese economy will explode?
NS Yes, I think we’re relatively good at predicting
trends. When we carry out analyses of globalisation
readiness, we see that Denmark is well placed.
As children we learned in school that Denmark
neither has precious minerals nor other natural
resources, but that we have the ability to think
innovatively. And we have always been good at
adapting relatively quickly. Unfortunately, Denmark
has just experienced ten years with a low increase
in productivity, and our competitiveness has seriously
suffered as a result. This was made very
apparent by the recent crisis, especially in Danish
industry. So the next step is that we increasingly
use globalisation to learn more from others.
DB How?
NS We need to adopt a slightly humbler approach.
We think we have the best labour market,
the best healthcare system, the best school
system etc. Until we find out that isn’t quite
the case.
DB That’s a typical “small country” phenomenon.
We are wrapped in cotton wool and easily lulled
into a false sense of security. But the next generation
will probably have an easier time of it as
they are more global in their outlook than we are.
The young students we take in have a completely
different outlook than the older ones. We also
need to be better in ensuring diversity when we
recruit. It’s healthy for our culture to be challenged
by new perspectives, ideas and competencies.
NS You often hear that we educate
too many human and social
science graduates. But
many of those with untraditional
educations have skills which we
also need to drive development
and momentum. We know from
our research that manufacturing
based on user-driven innovation,
as is the case at Pressalit,
requires people who think
differently.
Maintaining a broad outlook
DB I think it’s important to maintain
a broad outlook, also in
times of crises. That companies
continue to take students in and
maintain dialogue with educational
institutions.
NS Right now it isn’t particularly
easy for students to find practical
training. This applies to foreign
students in particular, and
this really is shameful. Being
able to draw on a student with a
different cultural background
who is familiar with the markets
in which the company operates
is a fantastic resource.
DB I’m surprised because we
try to encourage foreign students
to apply for practical job
training at Pressalit, and we are
disappointed not to receive more
applications from students with
a non-Danish ethnic background.
But what do you do to
promote dialogue with the business
community?
NS The universities are doing a
lot to reach out to the business
community and make a practical
contribution. The time when
researchers locked themselves
away in ivory towers is long
since gone. Today what really
counts is establishing successful
collaboration with the corporate
sector. This is where I feel
like passing the buck back to
the Danish companies. They
also have to be willing to invest
in collaboration and dialogue
with us and to exploit the universities’
knowledge.
DB Closer collaboration with
the corporate sector would also
result in a clearer focus?

NS Yes, but once again it requires vision. Statistics
from the OECD show that countries around
the world have invested heavily in their education
systems, and this is an area where Denmark has
fallen behind. Because of our tradition in Denmark,
we expect the state to fund research. But if
we want to achieve our ambition of continuing to
be at the forefront, the corporate sector must
play an active role even though this won’t generate
an immediate result on the bottom line. It requires
a new contract regarding the respective
roles of the corporate and public sectors.
We believe in diversity
DB I’m now going to turn my attention from outlook
to insight. I’d really like to hear your view of
diversity in the corporate sector being a woman
with an active career. When we recruit at Pressalit,
we believe it is important to seek diversity in candidate
profiles – whether it is a top executive
position or employees on the shop floor. But do
you feel there are skills specific to women – and
what do you think diversity means for companies?
NS Diversity is an important quality to have in the
boardroom and at top executive level – to make
sure that not everyone is a 40-year-old male in a
suit and tie, but that there is a broad spread in
terms of age, gender etc. There is scientific research
to back this up. The decision-making
process may take longer when people are differ-
ent, but the quality of the decisions is often far superior. But obviously
you need to have the right skills as well. Women aren’t simply
competent because they are women. Personally I’m opposed to
quota systems for women in boardrooms like they have in Norway.
DB Do women managers have unique skills?
NS I don’t think women per se have different values than men or
are better people. I believe in diversity and that our genes are different.
But today women are very capable and well-educated so
this, in itself, is a good reason for employing them.
DB There are some things that women managers find easier to talk
about than men. For example, we have certain work environments
that are extremely male dominated where there are issues that
wrongly don’t get taken up. Such issues may be linked to sexual
orientation or a person’s ethnic background. But it’s also about
generations. There were some things that my father couldn’t talk
about, but which are run-of-the-mill for young, well-educated people.
And then again, top management has to lead the way by signalling
that we view diversity as a strength.
NS Yes, top management has a very important role to play there.
Corporate culture and the signals management sends out are extremely
important. The Executive Committee has to establish
guidelines for acceptable behaviour. This not only applies to diversity
but also to the work-life balance. When all is said and done,
it isn’t what you say, but what you do that counts.
013#
Out of the
Ivory Tower

In the late summer of 2009,
Pressalit Group announced
plans to build a new toilet seat
factory in the Far East. President
& CEO Kim Boyter and
Project Manager Jesper Riis-
Antonsen talk about the new production facility,
which will begin production in Thailand at
the end of 2010.
“This is the first time in Pressalit’s history that the
company has established a plastic toilet seat
production facility outside Denmark, and naturally
it is an important milestone for us,” begins
Kim Boyter, who goes on to explain:
“The decision was made following a request from
our largest single customer, the German sanitation
giant Villeroy & Boch, which about a year ago
acquired the Thai company Nahm. As Pressalit is
the main supplier of toilet seats for Villeroy &
Boch’s products in Europe, it was only natural to
try to expand the strategic partnership by continuing
collaboration in a new market. And if we are
to supply products in the Far East, we need to
establish a local presence to avoid having to pay
import duty and costs linked to shipping our products
from Europe to the Far East.”
Access to new markets
With a new factory in Thailand, Pressalit can
increase capacity from its existing production
facility in Denmark and at the same time establish
a strong platform for growth while gaining access
to lucrative markets in Asia.
“For a company like ours, growth is a precursor
for continued development. In Europe we com-
This is the first time in
Pressalit’s history that
the company has established
a plastic toilet seat
production facility outside
Denmark, and naturally
it is an important milestone
for us.
ANEWBRIDGEHEAD
TO ASIA
pete with strong rivals in well-established markets.
Asia, on the other hand, offers the prospect
of new market shares and new customers. We
are therefore convinced that establishing a production
facility in the Far East will strengthen our
overall business – and also help to lift our activities
in Europe,” says Kim Boyter.
Maintaining Pressalit’s values
Before deciding to build the factory in Thailand,
the company considered other possible locations,
including Vietnam:
“We opted for Thailand because of its unique
combination of a well-developed infrastructure, a
suitable level of education and attractive trade
agreements with other countries in the region,”
explains Logistic Director Jesper Riis-Antonsen,
who acts as project manager on the Asia project.
Since the decision was taken, things have moved
ahead quickly, and in November the Thai Board
of Investment approved the plans. Pressalit has
now entered into an agreement with the Amata
City Business Park in Rayong province where the
construction of a new factory building in line with
Pressalit’s requirements is scheduled to get
underway. Production in Thailand will, however,
be somewhat different from that in Denmark:
“Both in terms of staff and number of units, the
factory in Thailand will be far smaller than our Ry
production facility. And because wages are lower
in the Far East, the facility will be far less automated.
But in all other respects, our ambition is
to retain Pressalit’s core values vis-à-vis high productivity
and good staff conditions,” says Jesper
Riis-Antonsen.
Not a substitute for Danish
production
Initially, the factory will have a
modest output, but production
is scheduled to expand year for
year, a fact that will undoubtedly
benefit Pressalit’s European
customers. However, Kim Boyter
is quick to point out that the
facility in Thailand should be
seen as a capacity expansion
rather than a substitute for the
company’s current Danish production
activities:
“We are continuing our strategy
of looking at new initiatives that
can help to ensure efficient production
in Ry, including new
technology, new production
techniques and competency
development of our skilled Danish
workforce.”

We are convinced that establishing
a production facility in
the Far East will strengthen our
overall business – and also help
to lift our activities in Europe.”
015#
New Production
in Thailand

09ISH
– EXPECT THE UNEXPECTED
What can guests expect
when they visit ISH, the
world’s most important
trade fair for the HWS
industry in Frankfurt? The answer
to that question at the Pressalit
stand in March 2009 was:
Expect the unexpected.

With a building sector hard hit by the global
recession, one might have expected the 2009
ISH trade fair to be a more modest affair. This
was far from the case, however. Exhibitors at ISH
2009 did their best to ensure that we forgot the
global recession for a while. On a Tuesday morning
in March, the Frankfurt Trade Fair opened its
doors and the nine halls that make up ISH 2009.
Once again, Pressalit was located in the central
“Fest hall” together with sanitation giants Hansgrohe
and Villeroy & Boch.
Pressalit agents got off to an early pre-fair start
when they were invited to the company’s kick-off
seminar at Hotel Marriott. Here they were introduced
to Pressalit’s two big product innovations
at this year’s trade fair. Naturally, we are referring
to Pressalit’s official world premiere of its selfclosing
toilet seat called AutoClose © and the exclusive
wooden seat “Opalion”, which saw the
light of day two years ago in connection with
Pressalit’s art gallery project.
Expect the unexpected
With the help of the slogan “Expect the unexpected”,
Pressalit seeks to illustrate that its products
are surprising and unexpected in such areas
as quality, variation, design, harmony and intelligence.
This year’s trade stand was also slightly
out of the ordinary, as it took the form of a multilayered
shell that opened itself to visitors. At the
outer layer were Pressalit’s black boxes or socalled
“DNA” – a number of historical objects
each relating something about the company’s
values and development since 1954. One layer
further in were the all-important toilet seats from
the sales product range, and at the core of the
stand were the new AutoClose © seats. Several
lifters ensured that the toilet seats were continually
opened so that guests could get a sense of the
AutoClose © function in practice.
“Judging by the response, it is safe to say that
visitors were positive about the new toilet seats,
and it was exciting to see their curiosity and interest
in our products,” says Annette Frimand Rasmus-
ISH – A STEP INTO THE FUTURE
For Willem Hendrikse from Wijnbeek
Sanitair BV, Pressalit A/S’s
distributor in Holland, ISH 2009
was a great success:
“Despite the difficult economic
circumstances, it was a very exciting week in
which we established an excellent starting point
for meeting future challenges. At the fair, Pressalit
truly lived up to its theme slogan “Expect the
unexpected”. Customers were clearly surprised
017#
ISH
2009
FACTS ABOUT ISH 2009
The ISH trade fair took place in
Frankfurt, Germany from 10–14
March 2009.
With approximately 220,000
visitors from 114 countries, ISH
is the world’s most important
trade fair for the HWS industry.
Here manufacturers from
around the globe present their
most important new bathroom,
ventilation and heating products.
Together with leading manufacturers
such as Villeroy & Boch
and Hansgrohe, Pressalit’s
stand commanded a central
location in the Fest Hall.
sen, Senior Product & Marketing
Manager.
Care is back
In recent years, Pressalit has
only presented toilet seats at
ISH. But this year the Pressalit
Care bathroom was once again
represented at the fair.
“Some of those already familiar
with the Pressalit name from
our toilet seats stopped by and
showed a keen interest in the
Care products, and it was clear
that our brand attracted customers
across existing business
areas,” says Nicolai Staflin,
Account Manager at Pressalit
Care.
and enthusiastic about the new self-closing
AutoClose © toilet seat which was introduced at
the fair and represents an innovation in its own
product category. The same applied to the presentation
of Opalion, the new wooden toilet seat
which sets new standards for craftsmanship and
design,” says Willem Hendrikse, who adds that
for Dutch wholesalers as well, ISH is THE trade
fair for the HWS sector and the place where
novelties and innovations are presented and
received with great interest.

Unexpected
freedom
Did you know Pressalit Care offers
flexible solutions for disabled people?

Unexpected
variety
Did you know a Pressalit toilet seat
comes in many different colours?

FRANKFURT, GERMANY
In 2009, Pressalit Group was once again represented at
the world’s biggest HWS trade fair, ISH in Frankfurt. Both
Seats and Care took part and were well received by visitors
and business partners alike.
LONGUEUIL, CANADA
Pressalit Care is partnering a major project for a new
nursing home centre in Longueuil and has won a major
order for fitting out the centre interior.
BRNO, THE CZECH REPUBLIC
At the international Medical Trade Fair, Pressalit Care
welcomed more than 32,000 guests. A total of 26
countries were represented at the fair, which is seen as
the most important of its kind for presenting new technology
for the hospital and healthcare sector.
THE WORLD IS OUR OYSTER
DESPITE THE CURRENT RECESSION, PRESSALIT REMAINS A GROWTH COMPANY.
THIS IS REFLECTED BY OUR ACTIVITIES IN DIFFERENT PARTS OF THE WORLD.
CORINNA TULLE
SALES DIRECTOR EUROPE, PRESSALIT GMBH
“I view the current market situation
as a challenge and an
opportunity. It needs a rethink in
the world of negotiation, rhetoric,
products and figures, as the customers
– people – are more in
focus than ever before.
In relation to sales promotion in 2009, we have
focused on individual concept solutions, strategic
needs analyses, more active and targeted
service and meeting customer-specific demands.
And thanks to a skilful team of committed staff
and closer cooperation with other departments,
we have achieved excellent results in 2009.
In 2010 we must continue to draw on such
strengths as equality, cooperation
and personal values. This
has meant that in Germany we
have won new customers and
succeeded in intensifying,
improving and expanding our
cooperation with existing customers.
For me, continued development
is an excellent foundation for
meeting the challenges of a
complex future.”

MARTIN FOYLE
SENIOR COMMERCIAL DIRECTOR, PRESSALIT CARE PLC
“In the wake of the worst recession
to hit the UK since the 1930s, the
devaluation of the English pound
against the Danish krone has
posed a particular challenge for
us. This has made Pressalit
Care’s products more expensive in the UK market.
Nevertheless, we have secured considerable
growth in the sale of solutions aimed at particular
segments such as schools. A development initiative
by Worcestershire County Council which is
intent on improving accessibility for the disabled,
has, for example, led several schools in the area
to install new specially designed bathrooms featuring
the Pressalit Care system.
On the kitchen side, we won our
biggest order to date when the
Indivo lifting units were chosen
as the prize-winning solution for
the Independent Living Project
(ILP) in Leeds. The project aims
to improve the opportunities
for more than 340 disabled
people..
In 2010 we expect to see modest
growth in the UK market, and
we are committed to promoting
Pressalit Care awareness
through an active PR, marketing
and trade fair programme.”
OSLO, NORWAY
At the turn of 2008/09, Pressalit A/S acquired Biseth,
which for 20 years acted as an agent for Pressalit in
Norway. In its place, Pressalit established its own subsidiary
in Oslo. The company has high expectations of
both the specialist trade and the growing Norwegian
DIY market.
TOKYO, JAPAN
Pressalit Care received considerable praise at the H. C. R.
Expo fair, where the company exhibited its products together
with the local distributor, Abilities Care Net. More
than 100,000 people visited the exhibition, and architects
in particular showed a keen interest in Care’s products.
ABU DHABI, UNITED ARAB EMIRATES
Abu Dhabi Medical Congress 2009 is one of the most
important rehabilitation and healthcare exhibitions in the
Middle East. The exhibition showcases the latest products
for emergency response, primary healthcare,
patient safety and rehabilitation. Pressalit Care was
represented at the exhibition.
RAYONG, THAILAND
Pressalit A/S has begun construction of a new toilet
seat factory in Thailand. The factory will function as a
bridgehead to the Far East markets and is expected to
become fully operational by the end of 2010.
JOHANNESBURG, SOUTH AFRICA
In the past year, Pressalit Care’s agent in South Africa,
JessenDakile, has completed two projects, namely the
fitting out of a major hospital in the capital and a private
home for an injured doctor.
021#
The World
is our Oyster

Summer 2010 marks the first
time ever a World Cup football
tournament will be held on
African soil. South Africa, the
host nation, is experiencing
explosive growth. This is also
reflected in disabled-friendly bathroom
design, and in association with one of the
project drivers, the local distributor Jessen-
Dakile, Pressalit Care is gaining a foothold in
this new market.
With its head office in Denmark, Pressalit can
seem at the other end of the world from South
Africa. Nevertheless, over the last few years
Pressalit Care has succeeded in establishing a
strong working relationship with the local South
African distributor JessenDakile – a collaboration
that has led to Pressalit Care solutions being
increasingly used in South African projects.
JessenDakile has specialised in importing best
practice solutions for the disabled from Europe to
South Africa, and the company has thus achieved
pioneer status in a market that previously only
gave people with disabilities limited opportunities
to lead an independent life.
The initial contact between Pressalit Care and
JessenDakile came in 2007-2008 in connection
with a pilot project supported by DANIDA (the
Danish International Development Agency)
PRESSALIT
CARE
SOLUTIONS
IN SOUTH AFRICA
whereby the Danish development organisation
and the Danish embassy in Pretoria supplied
Danish hospital and ancillary equipment to Medi-
Clinic Southern Africa, one of the world’s largest
privately owned hospital groups. Medi-Clinic saw
potential in the Danish approach, which used
intelligent design to minimise heavy lifting for
healthcare staff. For this reason, they chose Pressalit
Care’s solutions for the Muelmed Rehabilitation
Centre in Pretoria, a rehabilitation centre for
spinal cord injury patients, amputees and patients
with consequential damage following
strokes. Widespread satisfaction with the Danish
products subsequently resulted in further acquisitions
and the installation of Pressalit Care solutions
on the part of Medi-Clinics, providing a solid
foundation for future collaboration.
The user in focus
JessenDakile recently landed a major project to
modernise and design bathrooms at eight
schools for disabled children in the Gauteng
province. The clinics cater to a wide range of pupils
with physical, mental and intellectual disabilities.
The project came into being in January 2008
when Ronel Jessen, director and co-owner of
JessenDakile, established contact with Dr. Hermanean
Laauwen, Director for Disability and Inclusions
in Gauteng’s new Department of Education. She
invited JessenDakile to visit several of the schools
with a view to providing appropriate solutions.
“Dr. Laauwen believes very
much in the philosophy that the
environment should be adapted
to the needs of the user – and
not vice versa. This is perfectly in
keeping with Pressalit Care’s
approach, so together with the
architect we adapted the drawings
for each school – and then
convinced the contractor so we
achieved the best possible result
using Pressalit Care’s products,”
explains Ronel Jessen.
Market with growth potential
Several new projects are already
in the pipeline, both for
institutions and private sector
users, and JessenDakile is
committed to spreading awareness
about Pressalit Care solutions
to architects, project managers,
hospitals and individual
customers.
“There are about 570 schools
for the disabled and 120 hospital
schools in South Africa, and
many of these will require specially
designed bathrooms. So
there is a huge market potential,”
concludes Ronel Jessen.

AN UPLIFTING
YEAR FOR INDIVO
In 2009 Pressalit Care’s Product
Management and Product Development
Teams invested a
great deal of energy and creativity
in new Indivo kitchen solutions.
Solutions that are to expand the
existing Indivo product programme of electrically
powered lifting units designed for the functional
flexible kitchen.
The ambition was partly to develop manually operated
lifting units for height adjustment of worktops
mounted on a wall and partly to expand the
electrically powered range to include stand-alone
kitchen tables. The challenging project was successfully
concluded as planned towards the end
of 2009, and four new solutions are now ready to
be launched and presented in key markets in
spring 2010.
The new range includes two manual lifting units
for worktops and two electrically powered lifting
units for stand-alone kitchen tables. This means
that in future Pressalit Care will be able to offer a
complete product programme and expanded
advisory service. Pressalit Care now offers solutions
to cater for nearly every imaginable need.
Commercial Director Hans Løve Høegh is particularly
pleased that customers now have many
more solutions to choose from and is quick to
emphasise:
“With the new products, we are well-equipped to
tackle the future kitchen market. We are ready to
expand our cooperation with kitchen manufacturers
regarding the sale of complete kitchen solutions,
and we look forward to explaining the
many benefits of the new products for private
and public sector users.”
023#
Pressalit
Care

RESSALIT GROUP EMPLOYS MO
RE ALIKE. DIVERSITY IS ABOUND
ANY NATIONALITIES. TOGETHER
UTWARD. TOGETHER WE CREA

E THAN 400 STAFF. NO TWO CVS
AND THE WORKFORCE INCLUDES
WE TURN OUR GAZE INWARD AND
TE INNOVATIVE SOLUTIONS.

Despite a financial crisis that raged throughout 2009, Pressalit Group weathered
the storm and remains a well-consolidated company. However, production
capacity has been adapted in line with the decline in orders, and sadly the
company was forced to downsize its skilled, committed workforce. The recession
has also meant that all activities and costs have been carefully reassessed and
that factory management, shop stewards and staff have worked tirelessly to
tackle the crisis through measures aimed at limiting the effects of a decline in orders.
Initially, staff accepted advancing
their floating holidays so the factory
could close for a week in
May. Since then, it was agreed
that staff in salaried positions
and similar in several departments
were to work reduced hours for a fixed
period with time off without pay. And finally, at the
request of shop stewards, 95% of production
staff chose to apply for self-elected course activi-
CRISIS
ties through the Danish Industry Competency
Development Fund (IKUF) so that over the summer
Pressalit achieved the desired reduction in capacity
at virtually no cost to the company. Overall,
the combined measures meant that the company
was able to keep 8-10 jobs in the Ry production.
“Staff showed amazing flexibility, creativity and
willingness in tackling the crisis. It was important
that we quickly activated the extra manpower ca-
pacity we suddenly found ourselves
with in production and at
the same time reduced our
stocks to avoid tying up too
much capital in finished goods.
With their help we succeeded,”
explains President & CEO Kim
Boyter.

FINN
ANDERSEN
SHOP STEWARD, 3F
As early as the negotiations regarding
local wage agreements
in spring 2009, it became clear
that the crisis meant we had to
find new solutions. Through my
work as a shop steward, I knew
that IKUF offers the possibility
of ten days subsidised course
activity per employee. By
means of a joint request, we
succeeded in getting nearly
everyone to sign up for the
course activity programme. Our
cooperation regarding capacity
reduction measures has
demonstrated new ways of
thinking and inspired several
other companies to follow our
example.
MONA
OLESEN
MACHINE OPERATOR,
ASSEMBLY
I hadn’t heard about IKUF before,
but when the opportunity
presented itself, I opted to take
a course in robotics. It’s not
something I use everyday in my
work, but it has given me a better
understanding of Pressalit’s
robots. And it has given me an
extra skill to draw on if I have to
seek work elsewhere at some
future date. I am actually planning
to take the second part of
the robotics course later in my
spare time because it is useful
in different work situations.
JOHN
LADEGÅRD
ASSEMBLER,
MOULDING DEPARTMENT
Over the last two years, we have
done everything we can to reduce
the reject rate and ensure
stability in the compression
moulding process – an effort
that has been particularly
important in light of the crisis.
This has resulted in a 30-40%
reduction in the reject rate
achieved through numerous improvements
and better adjustment
possibilities. We have
increased process stability and
identified areas where we can
avoid mistakes before they happen.
We have also established a
common norm for product quality
so that everyone knows the
quality required by customers.
Increased stability coupled with
a lower reject rate helps to boost
our competitiveness and reduces
our environmental impact.
HANNE
NIELSEN
OPERATOR, STORES
027#
Crisis
Cruncher
Staff were willing to go that extra
mile to avoid redundancies and
have understood the need for
preventive measures. I was
okay with reduced working
hours as long as they were for a
limited period spread across
several months. I enjoyed having
some extra time off during the
summer break. The IKUF
courses weren’t particularly relevant
for me, but many of my
colleagues got a lot out of them
– for example, a license to drive
a trailer, which can be useful at
some future point.

NEXT
STOP
LONDON
The top Danish disabled athletes won a total of
nine medals at the 2008 Paralympic Games in
Beijing, thus outdoing their non-disabled counterparts.
This impressive result must be built
upon and if possible improved, and this is where
the sponsorship agreement comes into the picture.
Among other things, the agreement seeks to
ensure optimal preparation for the athletes in the
build-up to the Paralympic Games in London in
2012.
An agreement with possibilities
Pressalit Group’s Vice President & COO, Dan
Boyter, was himself present at the Paralympic
Games in Beijing to watch the Danish athletes in
action. He is in no doubt that the sponsorship
agreement is necessary to ensure Danish disabled
athletes at world-class level:
“The future trend in disabled sports is undoubtedly
towards an even greater degree of professionalization,
and several other nations already
have comprehensive medal bonus schemes and
grants for their elite disabled athletes. If Denmark
is to be among the top nations, we are going to
need the same kind of professional approach for
our athletes. Pressalit is proud to be able to play
a part in this,” he explains.
PRESSALIT GROUP HAS EXTENDED ITS SPONSORSHIP
AGREEMENT WITH THE DANISH SPORTS ORGANISATION
FOR THE DISABLED (DHIF) FOR A PERIOD OF FOUR YEARS.
THE NEW SPONSORSHIP DEAL TOTALLING DKK 4 MILLION
UP UNTIL 2012 AIMS TO HELP DANISH DISABLED ATHLETES
JOIN THE RANKS OF THE WORLD ELITE IN TIME FOR THE
LONDON OLYMPICS IN 2012.
Effective training through Pressalit
Sports Academy
In 2006, Pressalit Group, the Danish Sports
Organisation for the Disabled and Team Danmark
launched the so-called Pressalit Sports Academy
– a training development programme for the
top Danish disabled athletes. A central element
of the extended sponsorship agreement is a further
strengthening of Pressalit Sports Academy.
From the outset, the academy has proved to be a
great help for the athletes, especially in the area
of sports psychology.
In future, the academy will widen its focus to include
national coaches and developing promising
new talent, a fact that is greatly appreciated
by DHIF:
“Developing the stars of the future takes time,
and with an extended Pressalit Sports Academy
we will be able to plan over the long term so we
can shape the athletes who will take over the
mantle after the Paralympic Games in 2012 – for
example, in the run-up to the 2016 games,” says
Michael Møllgaard Nielsen, Elite and Team Director
at DHIF.
FACTS ABOUT THE
MAIN SPONSOR SHIP
AGREEMENT
Pressalit Group A/S’ main
sponsorship of the Danish
Sports Organisation for the
Disabled (DHIF) covers the
period from 1 January 2009
to 31 December 2012
million.
a specific training programme
under the auspices of Pressalit
Sports Academy, where Team
Danmark contributes as a third
party providing a range of
service including consultancy
services. Pressalit Sports
Academy was first launched
at the beginning of 2006.
Academy will be divided into
three groups: Training programme
for coaches (PSA
Coach), training programme
for the best elite athletes (PSA
Paralympic) and a training
programme for the group of
athletes just below the top
echelon (PSA Talent).

KEEP LIVING AWARD 2009
Swimmer and multiple medal winner Karina Lauridsen is the 2009
recipient of Pressalit Care’s Keep Living Award and the title “Disabled
Athlete of the Year 2009”. Impressive results coupled with her
serious approach to the sport were decisive in her selection.
Karina Lauridsen, who is paralysed in both legs following a parachuting
accident, can add European champion, world champion
and new world record holder to her name following a year in which
she took part in the European Long Distance Swimming Championships
in Iceland and the World Short Distance Swimming Championships
in Rio de Janeiro, where she beat her own world record
in the 150 meter medley with a time of 2:45.73 minutes. Her incredible
season deservedly earned her Pressalit Care’s Keep
Living Award for 2009. The award worth DKK 20,000 was presented
by Vice President & COO Dan Boyter:
“All this year’s nominees have set a wonderful example with their
tremendous results, but there is no doubt that Karina Lauridsen’s
performance is in a class of its own. For this reason she is the perfect
recipient of the Keep Living Award for 2009. Karina is the very
epitome of the elite professional athlete. She possesses the necessary
will and determination to train hard every day in the pool.”
Proud award winner
It was an extremely proud award winner who thanked the committee
for its decision:
“I am extremely proud to have received this award. I appreciate Pressalit’s
core values of listening, learning and playing at a serious level
– and this is what I do myself. So these are values that I can fully endorse,”
said Karina Lauridsen following the presentation of the award.
IRONMAN
ANDERS OLSSON
The Swedish world-class swimmer is the new Keep Living
ambassador for Pressalit Care.
029#
Disabled
Sports
Pressalit Group has signed a personal sponsorship agreement
with the disabled swimmer and triathlete Anders Olsson, who over
the next two years will act as the company’s so-called Keep Living
ambassador in Sweden.
Despite making a late debut, 43-year-old Anders Olsson’s athletic
credentials are indisputable. He won Paralympic gold medals in
2004 and 2008 and is the holder of nine world records. In addition
to swimming, he is also a keen triathlete and hopes to qualify for an
Ironman in Hawaii. This has also earned him the nickname “ironman”.
A shining example for others
As Keep Living ambassador, Olsson will play an important part in
Pressalit Care’s sales and marketing activities.
“Our ambassadors exemplify the philosophy behind Pressalit Care’s
products and through their approach to life redefine the meaning
of overcoming the barriers facing the disabled. Anders Olsson is a
superb example of this. We are proud to be able to work with one
of Sweden’s greatest sports names, and we are looking forward to
introducing Anders to our customers in Sweden,” says Senior
Corporate Communications Manager Thomas Mandrup, who is in
charge of Pressalit’s sponsorship relations.

A RETROSPECTIVE LOOK AT
A year at Pressalit Group is full of events – big and
small. On the next pages you can read about some
of the internal highlights of the year.
24 | 06 | 2009
VISIT FROM DANIDA
Twenty companies from Bhutan, Egypt, India, Uganda, Vietnam and
Bangladesh paid a guest visit to Denmark in summer 2009. The visit
was part of a Danida initiative and focused on the work of Corporate
Social Responsibility. In this connection, the group of corporate executives
visited Pressalit, where they were taken on a conducted tour
of the plastics factory.
25 | 0 6 | 2 0 0 9
EUROPEAN CHAMPIONSHIPS FOR YOUNG ENTREPRENEURS
The organisation Young Enterprise Denmark was the organiser
behind the “JA-YE Europe Enterprise Challenge 2009” in which
newly started enterprises from all over Europe competed against
each other – a kind of European championship for young entrepreneurs.
As one of the project partners, Pressalit Group provided the
physical setting for the gala dinner held on Thursday 25 June when
the championship winner was announced. Kristian Jensen (the
Liberal Party of Denmark) the Minister for Taxation, presented the
award to the winning company, entrepreneurs Niso, whose product
“Plastic fantastic” protects stiletto heels from scratches.
2009
17 | 06 | 2009
MEDAL FOR MAHMOUD AL-BAIATI
Pressalit’s recently qualified apprentice Mahmoud Al-Baiati received
a medal of merit when Dansk Industri og Håndværks Medaljefond
for eastern Jutland together with H. R. H. Prince Joachim awarded
medals to eastern Jutland’s best apprentices.
The particularly talented apprentices, all of whom had obtained top
marks in their apprenticeship test and excellent references from
their employers, were honoured at a festive event held at Aarhus
City Hall on Wednesday 17 June 2009. Here Mahmoud Al-Baiati
and Pressalit Group, in the shape of Dan Boyter, received their
diploma for a job well done. In his speech, H. R. H. emphasised
Mahmoud’s apprenticeship, which despite serious language difficulties,
was a great success.
25| 11 | 2009
APPRENTICESHIP OF THE YEAR
Pressalit Care was pleasantly
surprised when Sales Director
Claus Albertsen was told that his
department had been selected
as regional apprenticeship of the
year for 2009 in the commercial
and clerical sector. Mette Gordon
Frederiksen, who finished her
traineeship at Pressalit in 2009,
nominated the company for the award. She was in no doubt that
Pressalit Care deserved the nomination, as throughout her training
she was given excellent professional challenges by colleagues who
believed in her. Pressalit Care was honoured with a work of art by
the local artist Helle Bang.

20 | 06 | 2009
FUN ON HIMMELBJERGET
The sun peeped out from a June sky when Pressalit staff in Denmark and their
families were invited along on a picnic and day outing to Himmelbjerget. Here the
Pressalit kitchen team saw to it that there were plenty of bulging picnic baskets and
a sumptuous coffee table for all the guests.
The children were particularly impressed by the magician, who captivated their imagination
with magic tricks and colourful balloon animals.
031#
A Retrospective
Look at 2009

22 | 10 | 2009
FRONTRUNNERS PROVIDE
AN INNOVATIVE SPARK
Can young people with piercings
or purple hair and corporate
employees benefit from
one another? Unsure of the
answer, Pressalit Group decided
in autumn 2009 to invite
“Frontløberne” (The Frontrunners) for a visit
to address the issue of how best to create a
physical framework for more creative thinking
and innovation.
The Frontrunners is a cultural project in Aarhus,
where young people can see their creative ideas
come to fruition through an alternative project
training programme. In his capacity as chairman
of the Aarhus Group, Pressalits Vice President &
COO, Dan Boyter, paid a visit to the Frontrunners.
Here the idea of holding an innovation event at
Pressalit was born. The Frontrunners threw
themselves headlong into the task, which marked
the start of collaboration with Pressalit’s product
development department.
Stimulating creativity
Development Director Morten Rathke and staff
from his department gave the Frontrunners a
specific task to solve: Create a work, product, an
environment or something else that stimulates
the creativity of the user! Prior to coming up with
a solution, the Frontrunners spent a day brainstorming
with one of Pressalit’s professional
project managers. The table was thick with postit
notes as the youngsters came up with ideas for
and new ways of tackling creative thinking and
innovation.
Suits and piercings came
together to provide innovative
inspiration for
Pressalit’s creative work.
The Praise Chair
At the start of December, Pressalit staff finally
came face to face with the practical results of the
Frontrunners’ work. The four completed works,
collectively christened “innovation islands”, were
exhibited at Pressalit, where they generated
a great deal of positive attention – and have
encouraged staff to reflect and
find moments of inspiration.
Both at Maglehøj reception and
in the canteen at Isagervej, staff
have eagerly taken turns to sit in
“The Praise Chair” with its whispering
voices, lie in the hammock
on “The Deserted Island”,
take a stroll in the “Sensory
Tunnel” and exchange words in
the “Give-and-Take Tree”.
Development Manager Morten
Rathke was extremely impressed
by the young Frontrunners,
who showed tremendous
commitment and enthusiasm
– qualities that undoubtedly
contributed to the project’s
success. In particular, he highlights
the badges which came
with “The Praise Chair” and
which could be seen throughout
the company with statements
such as “Du er for sej”
(You’re too cool) and “You are
so nice”.

18 | 12 | 2009
30 | 11 | 2009
FAREWELL TO THE
NATIONAL NETWORK
Since 2003 Vice President & COO, Dan Boyter,
has been chairman of the National Network of
Corporate Executives – a think tank that advises
the Minister for Employment on issues relating to
corporate social commitment. On Network Day,
30 November 2009, Dan Boyter decided to bid
farewell to the network following his six years as
chairman. The position of chairman was passed
on to Maarten van Engeland, Managing Director
of ISS Facility Services.
In connection with his decision to retire from the
network, Dan Boyter was thanked for his work by
CHRISTMAS FOR
THE HOMELESS
09
calendar in mid-December to serve Christmas
Chef Adrian Clements and ten employees from
Pressalit Group took a day out of their work
lunch for the homeless and other socially vulnerable
people in Aarhus.
The idea to serve up Christmas lunch was the
brainchild of Vice President & COO, Dan Boyter,
and Laura Hay, alderman for Social Conditions
and Employment in Aarhus, and came into being
when both met by chance at the “Beggar’s Banquet”
event, an annual party for the socially vulnerable.
It was then up to Dan Boyter to find ten Pressalit
volunteers to help with the Christmas lunch, and
in this connection staff were offered the opportunity
of swapping a normal work day for a day at
“Værestedet”.
“Pressalit is a company with a long-standing tradition
of social responsibility, and indeed it permeates
our entire set of core values. But an event
such as this was the perfect opportunity to give
our employees the chance to experience social
responsibility first hand. And it gave everyone a
positive and practical experience
of what Christmas is all
about – namely spreading joy
and happiness to those who
need it most,” he explains.
70 guests
About 70 people turned up on
the day at the well-covered
Christmas table at Værestedet
in Aarhus, where the menu featured
traditional Danish Christmas
lunch, including such delicacies
as herring, brawn,
meatballs and rice pudding with
whipped cream.
“It was obvious that everyone
enjoyed being in good company
and eating good food
away from the snow, wind and
cold. Spirits were high – and
even a dog was spoiled with
a large bowl of meatballs,”
explains chef Adrian Clements.
network protector, H. R. H.
Prince Joachim, and a special
farewell film included greetings
from former network chairman,
Niels Due Jensen, vice chairman
Morten Jørgensen, Claus Hjort
Frederiksen (the Liberal Party of
Denmark), former Minister for
Employment and current Minister
for Finance, and the former
head of the network secretariat,
Trine Aabo Andersen.
033#
A Retrospective
Look at 2009

DKK IN MILLION 09
08
07
06
05
TURNOVER 460.3 537.4 553.5 555.3 540.8
OPERATING PROFIT 1.8 23.2 42.0 45.8 50.0
EBIT 1.6 21.8 42.5 46.5 50.3
PROFIT 0.1 7.4 27.1 29.1 30.8
ASSETS 318.9 360.0 388.7 384.1 387.5
SHARE CAPITAL 8 8 8 8 8
EQUITY CAPITAL 179.9 184.5 214.4 223.3 219.1
INVESTMENTS IN THE YEAR 8 29.5 28.7 29.7 30.4
NUMBER OF EMPLOYEES 382 450 486 469 470
WORKING ABROAD 70 73 83 78 92
Pressalit universal seats and specialised seats for distribution through the sanitary trade
OEM deliveries for ceramic works
SaniScan toilet seats and accessories for distribution through DIY retailers
Specialised kitchen and bathroom solutions for people with disabilities

PRESSALIT GROUP A/S’
ORGANISATION
BOARD OF DIRECTORS
Ib Christensen (chairman), Lars Aagaard, David Meyer, Fay Boyter, Kim Boyter,
Allan Christiansen (employee rep.), Anders Christensen (employee rep.), Flemming Thøgersen (employee rep.)
KIM BOYTER
President & CEO
MARIANNE KRISTENSEN,
Senior Finance & IT Director,
Pressalit Group
METTE DYHL
Senior HRD & Policy Director,
Pressalit Group
EXECUTIVE COMMITTEE
SENIOR MANAGEMENT TEAM
NIELS NORGE
Senior Commercial Director,
Pressalit A/S
HENRIK DAMBORG
Production Director,
Pressalit A/S
JESPER RIIS-ANTONSEN
Logistic Director,
Pressalit A/S
DAN BOYTER
Executive Vice President & COO
MICHAEL BRUUN
BD & Supply Chain Director,
Pressalit Care
HANS LØVE HØEGH
Commercial Director,
Pressalit Care
035#
Key Figures

Pressalitvej 1
8680 Ry
Denmark
Tel. +45 8788 8788
Fax +45 8788 8789
mail@pressalitgroup.com
www.pressalitgroup.com
VAT no. 84364517