This past year has been one of the most defining chapters in Cotes’ nearly 40-year history: a period marked by difficult decisions, deep reflection, and ultimately, a powerful comeback. Energy Watch has featured Cotes in an in-depth article highlighting our organisational turnaround and the resilience that has shaped who we are today.
The article, “Clean slate: Cotes races toward record year after turnaround,” tells the story of how we rethought the company from top to bottom during a challenging market downturn in 2024.
Instead of waiting for conditions to improve, we acted.
“Mentally, we fired all employees, management, and the board of directors and closed down all companies, offices, and business areas. We started with a completely blank slate and rebuilt Cotes from scratch.”
— Martin Brøchner-Mortensen, CEO, speaking to Energy Watch
Turning Challenges into Momentum
The article describes how Cotes:
- Streamlined operations across the organisation
- Closed offices in the US and China to focus on strategic distribution models
- Consolidated functions, including merging Fugtkontrol into Cotes
- Relocated production to our existing facility in Szczecin, Poland
- Reduced organisational complexity to strengthen decision-making and agility
These changes were not easy, especially when it came to saying goodbye to valued colleagues. But as Martin emphasises, the process was rooted in respect, transparency, and responsibility.
And the results speak for themselves. According to Energy Watch, Cotes is now on track to deliver the strongest financial result in company history.
A Team Effort
While the article focuses on strategy and restructuring, the real story is about people: the professionalism, dedication, and shared commitment that carried Cotes through uncertainty and positioned us for long-term success.
The resilience shown across our teams is the foundation for everything we have achieved this year.
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