Lappset Group's result was one of the best of all time
Lappset Group's result for last year is the third best in its 53-year history. The group's turnover was 66 million euros, which was almost in line with the forecast. Operating profit (Ebita) was 3.5 MEUR, which in turn was 0.9 MEUR more than budgeted and better than the previous year. The group's net profit after taxes and goodwill amortization was EUR 2.8 million, almost at the level of 2019 and one million better than the previous year.
Infographic displaying key financial figures for 2022 on a blue background. Consolidated turnover is 66 MEUR, operating profit (EBITA) is 3.5 MEUR, ROI is 14.5%, equity ratio is 46%, and personnel count is 382.
"The result was clearly better than expected. Turnover increased by 6.3% compared to the previous year. The efficiency of operations, the increase in costs, and the related cost-saving measures improved profitability," CEO Tero Ylinenpää says.
The current year has started with many uncertainties, the latest being the budding financial crisis. The war in Ukraine continues, bringing instability to the world situation.
"A long-lasting winter affects sales and product installations in the Nordic countries. In addition, the war in Ukraine can affect the market in Europe. In terms of costs, the lower level of energy prices is positive. It lowers the cost structure. Correspondingly, a rapid rise in interest rates increases financing costs," Tero Ylinenpää states.