FINANCE 

Lappset Group Oy records increases in turnover and staff once again
(17.3.2008)

The year 2007 marked another year of improved turnover and a strengthened market position for Lappset Group Oy, both in Finland and on the international market. Lappset Group Oy employed 324 people in 2007. This marked an increase of 42 people from the previous year. 

The turnover of Lappset Group Oy grew to 45.6 million euros in 2007. This represents an increase of 16 percent from the 39.4-million-euro turnover recorded the year before. The Group’s operating profit was 3.2 million euros, which was 22.1% more than in the previous year. Growth originated from the rising Eastern European market and Asia in particular.

In January 2007, Lappset Group acquired Joli Oy, a manufacturer of playground equipment and outdoor furniture. Its subsidiary, Piha-Mäntyranta Oy, was merged into the parent company in November 2007. In addition to the business acquisition, Lappset also focused its investments in packaging and warehousing.

A year of awards and recognitions

The year 2007 was marked by awards and recognitions for Lappset Group Oy. Amongst others, the company won the ‘Sports Action of the Year’ prize, the ‘Best Employer of the Year’ award from Suomen Kuvalehti magazine in Finland, and the international NOT award in recognition of the most innovative product solution within the school sector in the Netherlands.