Xergi among Danish Gazelle companies
- Published: Wednesday, 14 December 2016 10:10
Technology and market strategy results in several years of strong growth at Xergi, which has now been named one of the fastest-growing businesses in Denmark.
Strong growth in the sale of biogas facilities has led to Xergi being named one of the fastest-growing businesses in Denmark.
Each year the Danish business newspaper Børsen announces which Danish businesses have had the strongest sales and profit growth over a four-year period.
In total, 1,700 Danish companies met the criteria for being named a Gazelle company, with Xergi ranked an impressive 91 on this list. At a conference in North Jutland in Denmark earlier this month, Xergi’s CEO, Jørgen Ballermann, talked about the reasons behind the company’s growth.
“This growth primarily stems from our decision in 2008 to adopt a strategy that focuses on technological innovation and how we develop our position in selected international markets,” Ballermann explains.
The strategy has led to Xergi achieving strong positions in the British, French, and Danish biogas markets, as well as in Sweden, the Netherlands, Belgium, Germany, and the US.
There is no doubt that the positive results of recent years should be used constructively to consolidate Xergi’s position in the international market.
“We must use our results and experience to date to venture further out in the world and develop new markets while expanding the range of technology that we can offer these markets,” Ballermann states.
In order to be named a Danish Gazelle company, businesses must have sales of at least DKK 1 million or at least DKK 0.5 million in gross profit. The company’s sales or gross profit must have grown in each of the past four years. They must have an overall operating profit, and their sales or gross profit must have at least doubled over the past four years.