NCG Key figures

2017 was an eventful year for Nic. Christiansen Holding A/S: The market became stagnant during a period of political negotiations concerning the vehicle registration tax and as a result, adjustments were made to vehicle stocks, there was a re-balancing of SsangYong imports, a new Jaguar/Land Rover dealer was established in Stockholm, the leasing concept SimplyGo was further developed, and in particular, the Honda agency in Finland and the Baltic States was successfully acquired and started up. 

While the year’s turnover ended at a satisfactory DKK 6.47 billion, the financial year’s pre-tax loss of DKK 6.2 million did not meet the management’s expectations for 2017. Despite this result, Nic. Christiansen Holding continues to be an excellent and healthy business. The financial year’s result was caused by two factors: 

•  Falling sales during the political negotiations concerning the vehicle registration tax at the end of 2017 and the consequences of a relaxation of this tax.

•  A Swedish market with intense competition in the premium market and increased private leasing sales, and the fact that SsangYong proved to be less competitive that expected.

This meant that Nic. Christiansen Holding had to make necessary adjustments, and the company is now once again, looking ahead. 

“2017 did not develop as we had expected or hoped. There were several reasons for this, such as increased competition, especially in Sweden, the subsequent investments and necessary adjustments of vehicle stocks, a turbulent second six months in the Danish automobile industry, with stagnation for the period around the political negotiations concerning the vehicle registration tax and its subsequent re-organisation. Nic. Christiansen Holding continues to be an excellent and healthy business and I’m sure that 2018 will be a better year,” says Group CEO at Nic. Christiansen Holding, Niels Vrist Bertelsen.

In 2017, Nic. Christiansen Holding has focused on investments in development activities and the further development of the group’s commitment to the opportunities resulting from increased and changed patterns of mobility. The strategic focus will also continue in 2018 and beyond, where Nic. Christiansen Holding will invest resources in the effort to secure a leading position in tomorrow’s market for mobility, where new means of driving cars, e.g. electricity, digitisation and the shared economy, and in the long-term, self-driving vehicles, will radically alter the way we think about transport.

Jaguar I-PACE