Peikko Group’s Invoicing MEUR 173 in 2016
Peikko Group Corporation’s invoicing in 2016 grew by more than 12 percent and amounted to EUR 173 million (MEUR 153.6). Profitability improved significantly from 2015, and the exact figures will be communicated in a press release to be published in March after the accounts have been audited. The improved profitability gave a strong backing for new investment decisions, one of the bigger ones being the new DELTABEAM® factory currently under construction in Lithuania and scheduled to be taken into production use during Q3/2017.
Growth and improved profitability was seen in all markets, not only in Europe but also in the Middle East, APAC, and North America. In particular, there was a very high demand for DELTABEAM® Slim Floor Structure, the volume of which grew by almost 20 percent. At present Peikko employs approximately 1,400 people, which is 100 people more than in January 2016. The majority of the new employees are blue-collar workers.
“Sales are expected to continue strong in 2017 and Peikko targets further 10 percent volume growth for the year. Nevertheless, e.g. fluctuating steel prices or political turbulence could bring volatility into the business. At this stage we would like to thank all our customers, partners and employees for an excellent year of 2016,” says Topi Paananen, CEO of Peikko Group Corporation.
Topi Paananen, CEO, Peikko Group Corporation,
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Peikko Group in brief:
Peikko Group Corporation is a leading global supplier of concrete connections and composite structures. Peikko’s innovative solutions make customers’ building processes 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 estimated turnover in 2016 was EUR 170 million. Peikko is a family-owned and run company that employs over 1,400 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.