Jilko has with its new owner been through a turnaround within the last 2,5 years, and have today a
product portfolio that is substantially expanded and improved. The production has adapted and
developed standards for documentation and drawings, simplifying spare parts etc.

A stagnating market, especially for Jilko core products, with very pressed retail prices has given reason to reexamine the long-term prospects. New products require time for adjustments and proof for reliability.

The market leaves no room for the necessary product development and efficiency projects, and since this is not expected to change - either in short or medium term - Jilko activities will terminate. Jilko will therefore, unfortunately, be a part off the negative impacts of globalization on labor-intensive production in Denmark.

Best regards
Jilko Management and Board.