Peikko Group, a leading global supplier of slim floor structures, wind energy applications and connection technology for precast and cast-in-situ construction, reached in 2020 a record turnover of EUR 238.5 million (MEUR 230.9 in 2019). Profit before interest and taxes (EBIT) amounted to EUR 14.3 million (MEUR 7.6 in 2019).
|Turnover||MEUR 238.5||MEUR 230.9||3.3%|
|Profit before interest and taxes (EBIT)||MEUR 14.3||MEUR 7.6||88.2%|
|Balance sheet total||MEUR 168.8||MEUR 162.0||4.2%|
In February 2020, Peikko acquired the product rights of ATLANT® Composite Columns from Switzerland and established a new Sales office in the city of Frauenfeld. Last year, Peikko also established a new legal entity in Dublin, Republic of Ireland, to support the local sales.
Peikko’s total investments in 2020 continued at a high level and amounted to EUR 18.7 million (MEUR 20.7 in 2019). The major events in the field of manufacturing included the opening of the newly built premises in Ras Al Khaimah, the United Arab Emirates, the 5,000 m2 expansion of the manufacturing premises in Zhangjiagang, China, and the purchase of additional factory premises of 25,000 m2 in Kaunas, Lithuania.
Peikko’s Research & Development investments remained on similar level to 2019 and were at about 6 MEUR. Several new product launches took place in 2020, such as DELTABEAM® Green, WILJA® Lifting Insert, SLADEX® Balcony Slab Connector, STRIFF® Shear Dowel and KAPU® Safety Railing Sleeve.
"The year of 2020 was far from being normal, nevertheless, our fantastic Peikko team made extraordinary efforts. We managed to increase the business volume from the previous year, and more importantly, we reached profitability levels typical for our industry. It looks like there are currently enough projects to fight for in the market, and the outcome of 2021 is entirely depending on our own activity", says Topi Paananen, CEO of Peikko Group Corporation.
Topi Paananen, CEO, Peikko Group Corporation
Mobile +358 50 384 3001, email email@example.com
Peikko Group in brief: Peikko Group Corporation is a leading global supplier of slim floor structures, wind energy applications and connection technology for precast and cast-in-situ construction. Peikko’s innovative solutions offer a faster, safer, and more efficient way to design and build. Peikko has sales offices in over 30 countries in Asia-Pacific, Europe, Africa, the Middle East, and North America, with manufacturing operations in 12 countries. Peikko generated a turnover of EUR 239 million in 2020. Peikko is a family-owned and managed company that employs around 1,900 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.