Denmark's ADSL growth pays off for Taiwan's Zyxel  

2003.03.20
Taiwanese telecommunication equipment company Zyxel generates its first surplus on Danish operations

The Taiwanese telecommunication equipment company Zyxel has for the first time generated a surplus from its Danish subsidiary, reports computerworld.dk. According to Zyxel’s sales manager Christoffer Gislinge, sales in Denmark surged ahead by more than 80% in 2002, resulting in pre-tax profits of DKK 46.6 million (USD 6.7 million) and a surplus of almost DKK 8 million (USD 1.1 million).

 

In contrast to the negative profit scenarios of previous years, the favourable result is due to strong growth in the number of ADSL connections both in Denmark and the rest of Scandinavia. The Copenhagen-based Danish subsidiary also acts as the HQ for Scandinavia, controlling sales offices in Sweden and Norway as well as a subsidiary in Germany. Zyxel’s management anticipates a 50% growth factor in 2003, basing its optimism on both a continued demand for ADSL connections as well as wireless network technology which the company also supplies.

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