Ovako publishes Annual Report for 2015

Ovako today publishes its annual report for 2015.

2015 was an eventful year for Ovako, which included the launch of a comprehensive restructuring program and the appointment of a new President and CEO, Marcus Hedblom.

“We have plenty to be proud of, even though the market is challenging. We offer clean steel, we are a world leader in a number of product areas, and we are contributing to a more sustainable society and a cleaner world,” says President and CEO Marcus Hedblom in his statement.

Read the full version of Ovako’s annual report by downloading it in Swedish or English from the corporate website at www.ovako.com.

Further information can be obtained from:
Nicholas Källsäter, Head of Group Business Control, +46 (0)8 622 13 23
Elina Olsson, Group Communications, +46 (0)8 622 13 22

Ovako develops high-tech steel solutions for, and in cooperation with, its customers in the bearing, transport and manufacturing industries. Our steel makes our customers’ end products more resilient and extends their useful life, ultimately resulting in smarter, more energy-efficient and more environmentally-friendly products.

Our production is based on recycled scrap and includes steel in the form of bar, tube, ring and pre-components. Ovako is represented in more than 30 countries, and has sales offices in Europe, North America and Asia. Ovako’s sales in 2015 amounted to EUR 834 million, and the company had 2,905 employees at year-end. For more information, please visit us at www.ovako.com

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About Us

Ovako develops high-tech steel solutions for, and in cooperation with, its customers in the bearing, transport and manufacturing industries. Our steel makes our customers’ end products more resilient and extends their useful life, ultimately resulting in smarter, more energy-efficient and more environmentally-friendly products. Our production is based on recycled scrap and includes steel in the form of bar, tube, ring and pre-components. Ovako is represented in more than 30 countries and has sales offices in Europe, North America and Asia. Ovako’s sales in 2016 amounted to EUR 781 million and the company had 2,800 employees at year-end. For more information, please visit us at: www.ovako.com. Press images please go to:http://mediabank.ovako.com/search/images

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Quotes

We have plenty to be proud of, even though the market is challenging. We offer clean steel, we are a world leader in a number of product areas, and we are contributing to a more sustainable society and a cleaner world
Marcus Hedblom, President and CEO