GLUNZ & JENSEN HOLDING A/S
Industrials·GJ · Nasdaq Copenhagen·Fiscal year to 31/12/2025
Equipment for the graphics industry and printing plate production.
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Packaging
Raw materials and inputs
DriverPositive impact: strengthens
“Key technology convergence from Gravure and Offset in packaging in particular onto Flexo technology drives expectation for growth in years ahead.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“While competition in the Flexo market remained fierce in 2025, we saw sales increasing by 23,3% compared to calendar year 2024. Glunz & Jensen estimates that the global market volume continues to grow at 1-3% annually and remains confident that we maintain momentum in this segment due to our professional network of partners as well as significant value offering.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“The Flexo market – which mainly serves the labels and packaging industry - develops at an estimated annual growth rate of 1-3%, driven by underlying growth in packaging, changing demographics, and shares gained from other printing technologies.”
Annual report 2025A · The company itself
Market
“CtP and iCtP technology solutions which prepare Offset plates for Offset printing together with aftermarket services. Commercial printing – production of newspapers, magazines, books, flyers, business cards, stationary etc.”
Annual report 2025A · The company itself
Market
“Through large customers such as ECO3, Kodak, Heidelberg, and multiple large dealers Global Maintain a high-end suite of innovative products and solutions in close cooperation with key customers as well as ongoing consolidation to maintain critical mass.”
Annual report 2025A · The company itself
Market
“These develop and prepare aluminum Offset plates for commercial printing applications such as newspapers, inserts, magazines, books, information, promotional material, packaging, and a variety of other printed medias.”
Annual report 2025A · The company itself
Chains out: this weakens Beer and beverages
Construction
End markets
Market
“CtP and iCtP technology solutions which prepare Offset plates for Offset printing together with aftermarket services. Commercial printing – production of newspapers, magazines, books, flyers, business cards, stationary etc.”
Annual report 2025A · The company itself
Market
“These develop and prepare aluminum Offset plates for commercial printing applications such as newspapers, inserts, magazines, books, information, promotional material, packaging, and a variety of other printed medias.”
Annual report 2025A · The company itself
Chains in: Interest rates weakens, Housing market strengthens, Public investment and infrastructure strengthens, Business cycle and GDP growth strengthens, Reconstruction of Ukraine strengthens
Geopolitical uncertainty
Macro
DriverNegative impact: weakens
“Management underlines that the outlook for the financial year 2026 is associated with some uncertainty as the Company may be impacted by wars, import duty tariffs, inflation, challenges on the supply side of parts, demand for equipment, spare-parts, consumables and services, and other events.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The Russia-Ukraine conflict has highlighted the need to consider geopolitical instability when choosing suppliers. Glunz & Jensen has strengthened its purchasing organization to counter potential supply risks.”
Annual report 2025A · The company itself
Chains out: this strengthens Defence budgets, strengthens Energy security, strengthens Tariffs and trade policy, weakens Global trade volumes, strengthens Sea freight and freight rates, weakens Reconstruction of Ukraine
Natural gas
Raw materials and inputs
StrategyPositive impact: strengthens
“In 2025, Glunz & Jensen continued a project to outline how Glunz & Jensen as a company can become independent of gas as the long-term as the supply security of electricity appears to higher than that of gas.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Glunz & Jensen will seek to maintain the kWh 2026 consumption in line with the 2025 consumption even though the Company continues to substitute gas heating with electrically driven heat pumps.”
Annual report 2025A · The company itself
Artificial intelligence
Technology
StrategyPositive impact: strengthens
“New technologies and product development Glunz & Jensen's products are based on many years of development for the Offset and Flexo printing. Insight into the industry's process needs and production technologies is crucial to the Company's ability to maintain customer loyalty.”
Annual report 2025A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Digitalisation
Technology
StrategyPositive impact: strengthens
“New technologies and product development Glunz & Jensen's products are based on many years of development for the Offset and Flexo printing. Insight into the industry's process needs and production technologies is crucial to the Company's ability to maintain customer loyalty.”
Annual report 2025A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Energy efficiency
Technology
StrategyPositive impact: strengthens
“There will be focus on developing environmentally friendly solutions which improves performance, through longer lifetime, higher efficiencies, and lower emissions impact and energy consumption.”
Annual report 2025A · The company itself
Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens
Solar power
Technology
StrategyPositive impact: strengthens
“Glunz & Jensen also installed (Photovoltaic) solar roof panels in 2024 and in 2025 at its production facilities in Slovakia and plan to increase the capacity during 2026.”
Annual report 2025A · The company itself
Business cycle and GDP growth
Macro
DriverNegative impact: weakens
“Glunz & Jensen's revenue is affected by both global economic developments and changes in industryspecific conditions. The macroeconomic cycles generally affect Glunz & Jensen's customers' probability of investment and may reduce revenue and earnings.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The risk associated with the investment properties is primarily determined by the uncertainty of the value of the properties involved. As such, a property market recession could materially adversely affect the value of the properties.”
Annual report 2025A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Inflation
Macro
DriverNegative impact: weakens
“Management underlines that the outlook for the financial year 2026 is associated with some uncertainty as the Company may be impacted by wars, import duty tariffs, inflation, challenges on the supply side of parts, demand for equipment, spare-parts, consumables and services, and other events.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Profit before tax positively affected by lower prices on purchase of parts and equipment Inflation in Denmark came to 1,9% Y-O-Y in 2025 (2024: 2,0%), whereas it remained relatively high in Slovakia at 3,9% Y-O-Y in 2025 (2024: 5,1%).”
Annual report 2025A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
Tariffs and trade policy
Macro
DriverNegative impact: weakens
“Management underlines that the outlook for the financial year 2026 is associated with some uncertainty as the Company may be impacted by wars, import duty tariffs, inflation, challenges on the supply side of parts, demand for equipment, spare-parts, consumables and services, and other events.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Glunz & Jensen Holding A/S is selling it equipment, spare-parts, consumables and services worldwide. The Company is currently not able to estimate or to conclude how the imposing of trade tariffs will affect the demand in 2026 or beyond - and/or how the profitability of Glunz & Jensen will be affected accordingly.”
Annual report 2025A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
Consumer spending
Macro
DriverNegative impact: weakens
“Glunz & Jensen’s sales to the Offset market decreased by 2,0% in 2025 compared to 2024. The market has seen a slow decline over a long period due to changes in consumer behavior driving less need for commercial print as well as a shift from traditional to digital print production.”
Annual report 2025A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
Contract manufacturers as a business (EMS, CMO, CRO)
End markets
InputNegative impact: weakens
“In this regard, it is crucial for the CSR work that Glunz & Jensen's production strategy and value chain management is based to a large extent on an outsourcing model. Virtually all manufacturing of parts takes place with a large number of subcontractors, after which Glunz & Jensen is responsible for product assembly and distribution.”
Annual report 2025A · The company itself
Chains in: Biotech and drug development strengthens
Cyber attacks and IT security risk
Macro
DriverNegative impact: weakens
“The continuously evolving threat of cyber security, data leakage and data security are a key area of focus. A major cyberattack could result in an extended period of down time resulting in delays to customers and additional costs for the organization.”
Annual report 2025A · The company itself
Chains out: this strengthens Cybersecurity (products and services)
M&A and consolidation
Macro
DriverPositive impact: strengthens
“There is an ongoing consolidation in the graphic industry. Glunz & Jensen has no active participation in the industry consolidation; this trend will benefit Glunz & Jensen.”
Annual report 2025A · The company itself
Media and entertainment
End markets
DriverNegative impact: weakens
“Glunz & Jensen’s sales to the Offset market decreased by 2,0% in 2025 compared to 2024. The market has seen a slow decline over a long period due to changes in consumer behavior driving less need for commercial print as well as a shift from traditional to digital print production.”
Annual report 2025A · The company itself
Real estate
End markets
DriverNegative impact: weakens
“The risk associated with the investment properties is primarily determined by the uncertainty of the value of the properties involved. As such, a property market recession could materially adversely affect the value of the properties.”
Annual report 2025A · The company itself
Chains in: Interest rates weakens
Semiconductors and electronic components
Raw materials and inputs
InputNegative impact: weakens
“However, ongoing world-wide supply shortage may affect cost prices and the planned in-flow of parts (incl. microchips) to Glunz & Jensen.”
Annual report 2025A · The company itself
Chains in: Artificial intelligence strengthens
Asia and emerging markets
Geography
Geography
“Further we will increase our footprint in regions which are still showing notable progress for Offset products, mainly APAC and South America.”
Annual report 2025A · The company itself
Climate change and extreme weather
Macro
DriverNegative impact: weakens
“If the factory in Slovakia is impacted by production problems or accidents, such as fire, this may affect delivery capacity and thus reduce the Group's earnings.”
Annual report 2025A · The company itself
Chains out: this weakens Agriculture and food production
Denmark
Geography
Geography
“GLUNZ & JENSEN HOLDING A/S LOCATIONS Glunz & Jensen Prepress currently maintains operational facilities in Presov, Slovakia; Inman, USA; and Ringsted, Denmark.”
Annual report 2025A · The company itself
Europe
Geography
Geography
“Glunz & Jensen operates mainly in the European and North American markets.”
Annual report 2025A · The company itself
Latin America
Geography
Geography
“Further we will increase our footprint in regions which are still showing notable progress for Offset products, mainly APAC and South America.”
Annual report 2025A · The company itself
Nordics
Geography
Geography
“GLUNZ & JENSEN HOLDING A/S LOCATIONS Glunz & Jensen Prepress currently maintains operational facilities in Presov, Slovakia; Inman, USA; and Ringsted, Denmark.”
Annual report 2025A · The company itself
United States
Geography
Geography
“Glunz & Jensen operates mainly in the European and North American markets.”
Annual report 2025A · The company itself
Chains in: USD vs DKK/EUR mixed effect
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.14 bn DKK |
| Revenue growth vs. the year before, same method | 9.6 % |
| EBITDA reported by the company | N/A |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | 4.7 DKK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.