Orwo announces record results for 2009

The ”Year of the global financial crisis“ were the best in the company‘s history, Orwo said in a press release. During 2009, the company started production in its new subsidiary Orwo Net Scandinavia ApS in Tonder, Denmark, the previous Gaps photofinishing plant, enabling the Orwo the serve customers in Northern Germany and Denmark. The company also took over a lab in Wiesbaden, Germany, resulting in new customers in the Rhine-Main-area. A particular highlight last year was the acquisition of the brand ”Foto Quelle” after the collapse of the German Quelle Group. Orwo has been supplying Foto Quelle customers since 2005.

For 2010, the company‘s Managing Directors Dr. Gerhardt Koehler and Peter Ulbricht expect sales of more than Euro 30 million (US$ 40.7 million). After Orwo has invested more than Euro 27 million (US$ 36.6 million) since 2003, further investments are planned this year along with the company‘s growth. The neccessary funds already secured, Orwo said.