NewsFebruary 17, 2020
Geelmuyden Kiese with a profit of 8 million Norwegian Kroner (MNOK) in 2019
(Oslo, 17 February 2020) The Geelmuyden Kiese Group (GKG) had a turnover of 225 million Norwegian Kroner (MNOK) in 2019. The agency income was MNOK 164, and profit before dividend and tax was at MNOK 8, which is an improvement of MNOK 12.7 from 2018. GK’s daughter companies in Denmark, Norway and Sweden all made a surplus. The clean-up is starting to yield results.
In the spring of 2018, the arrows pointed in the wrong direction for the GK Group. In Norway and Denmark new management groups took over, and the course was changed. Despite major changes in the partnership, gross sales fell only 2.5% and agency revenue only 3.5% during the period. At the beginning of 2019, the number of employees was 140, and at the end of the year 135. The result for 2019 includes MNOK 2 in restructuring costs.
In parallel with a sharp increase in productivity, GK won more awards than ever in 2019. The Norwegian daughter company won its first Gold Pencil. In the fall of 2019, GK was named the most winning agency under the CMA in London for the third year in a row. CMA is considered to be the world championship in content marketing.
At the end of 2019, GK is one Scandinavian company, with a Scandinavian specialization, owned by a Scandinavian partnership, and led by a Scandinavian management team. Therefore, GK reports 2019 figures at group level. The Scandinavian management team consists of Svein Roger Selle, Karne Lykkebo, Johan Brandt, Kieu Thanh Thi Do, Taran Bjoreng and Hans Geelmuyden (see photo).
There is nothing more to say about 2019. Now we need to get out into the field and ensure that progress continues in 2020.
About the Geelmuyden Kiese Group
Geelmuyden Kiese is a full-service communications agency with offices in Bergen, Copenhagen, Oslo and Stockholm. Globally, GK is an exclusive Scandinavian partner of Ketchum, the world’s fourth largest PR network, and cooperates with FTI on public affairs, financial communication and crisis management. At the end of 2019, GK had 135 employees. The customer list is open and available on the company’s website. Hans Geelmuyden, through his investment company Koko A/S, owns approximately 95% of the shares in GKG. As of 1/2/20, the remaining shares were owned by Mikkel Salgaard Bendtsen, Margrethe Geelmuyden, Christian Grønning, Marit Høvik Hartmann, Geir Ove Harnes, Petter Herming, Johan Brandt, Karne Lykkebo, Svein Roger Selle and Simon Wallin.