Lifco's subsidiary Hekotek awarded prestigious Estonian titles

Hekotek, a Lifco subsidiary, has been awarded the prestigious Estonian titles “Company of the Year 2016” and “The Exporter of the Year 2016”. Estonia’s President Kersti Kaljulaid handed over the awards to Hekotek’s CEO Heiki Einpaul
at a ceremony in Tallinn last week.

The Best Estonian Enterprises awards event is organized by the Estonian Employers' Confederation, Enterprise Estonia and the Estonian Chamber of Commerce and Industry.

Hekotek is the largest manufacturer of sawmill and bio-energy sectors’ equipment in the Baltic region. The company also produces various installations such as conveyors for other industrial sectors. Hekotek employs around 120 persons based in Estonia and Russia. The company delivers equipment to most of the largest sawmills in the Baltic region, Finland, Sweden, Russia, Belarus, Poland and Germany, as well as other countries around the world.

“The prestigious awards are important acknowledgments of the successful achievements by Hekotek’s management and employees”, said Lifco’s CEO and President Fredrik Karlsson.

“I am proud of what our team at Hekotek has achieved”, said Hekotek’s CEO Heiki Einpaul. “The awards will further increase our motivation and enhance our efforts to continue to exceed our customers’ expectations.”

For more information about Hekotek, please visit www.hekotek.ee

For more information please contact:

Åse Lindskog  
Media and investor relations manager
Phone +46 730 244 872

E-mail ir@lifco.se

About Lifco

Lifco acquires and develops market-leading niched operations with the potential to deliver sustainable profit growth and strong cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco has a clear corporate philosophy which implies a long-term perspective, focus on profits and a highly decentralized organization. Lifco has 133 companies in 28 countries. In 2015, the Group’s net sales amounted to SEK 7.9 billion, EBITA was SEK 1.2 billion and the EBITA margin was 15.0%. For more information, visit www.lifco.se.

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About Us

Lifco offers a safe haven for small and medium-sized businesses. Lifco’s business concept is to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. Lifco is guided by a clear philosophy implying that the company has a long-term view on its holdings, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At the end of 2017 the Lifco Group consisted of 138 operating companies in 29 countries. In 2017 Lifco reported EBITA of SEK 1,732 million on net sales of SEK 10.0 billion. The EBITA margin was 17.3 per cent. For more information, visit www.lifco.se.