Peikko Group’s net sales in 2012 amounted to EUR 112.9 million (MEUR 104.5) and grew by 8 percent (36%). The net sales level can be considered reasonable after very strong growth in 2011. Profit before taxes for 2012 was EUR 4.3 million (MEUR 3.5). Peikko Group´s equity ratio remained over 50 percent, enabling Peikko to continue its planned long-term growth strategy.
|Net sales||MEUR 112.9||MEUR 104.5||8.0%|
|Profit before taxes (EBT)||MEUR 4.3||MEUR 3.5||22.9%|
|Balance sheet total||MEUR 77.0||MEUR 73.6||4.6%|
The year of 2012 was active with regards to product development. Research and Development personnel were added and extensive product testing was carried out in research institutes e.g. in Finland, Germany, Slovakia, Switzerland and United Kingdom.
Manufacturing investments amounted to EUR 4 million, of which primary were acquisition of new production premises in Kaunas, Lithuania, expansion of the production operations in China and United Arab Emirates, as well as investments in production machinery and equipment in the main production plants in Finland, Germany and Slovakia. The number of Peikko personnel grew by some 150 persons.
“We were especially pleased that our development in the wind turbine related business. Also the Deltabeam sales particularly in Europe developed well. The new year has started well and we remain optimistic on our possibilities to improve our sales and profitability during 2013.” says Topi Paananen, CEO of Peikko Group Corporation.
Topi Paananen, CEO, Peikko Group Corporation, Mobile +358 50 384 3001,
Main media, Peikko websites
Peikko Group in brief:
Peikko Group Corporation is a leading global supplier of concrete connections and composite structures. Peikko’s innovative solutions make the customers’ building process faster, easier and more reliable. Peikko has subsidiaries in 30 countries in Asia-Pacific, Europe, the Middle East, and North America, with manufacturing operations in 9 countries. Peikko’s net sales in 2012 amounted to EUR 113 million. Peikko is a family-owned and run company with over 900 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.