GPV, Europe’s second-largest EMS provider, reported stable sales and higher earnings in the second quarter. The company posted quarterly sales of DKK 2.2 billion, broadly unchanged year-over-year. Earnings were reported at DKK155 million this year, up 8% from last year.

CEO Bo Lybæk said results confirm GPV’s ability to navigate ongoing market normalisation: “Sales, and especially earnings, are showing progress in a market where demand remains subdued. We are satisfied with our performance but need to stay focused on structural changes and competitiveness.”

Growth opportunities remain concentrated in data centres, semiconductors and the defence sector, where demand is strengthening in both Europe and the US. GPV continues to expand its defence activities.

The company also moved ahead with its global footprint optimisation, relocating production to best-cost regions and consolidating operations. Recent efforts include shifting Danish mechanics production to Thailand, consolidating Slovakian electronics and leveraging Mexican operations to offset the impact of US tariffs.

Looking ahead, GPV narrowed its full-year guidance, now projecting sales of DKK 8.7–9.2 billion, including one-off restructuring costs.