Peikko Group 2010: Operative break-even result

Year 2011 has startet well

Peikko Group’s net sales in 2010 increased by 5% and amounted to EUR 77.0 million (2009: EUR 73.5 million). The construction market, where Peikko operates, experienced still extreme challenges during the spring of 2010, however, during fall 2010 the situation improved and Peikko was able to reach nearly break-even operating profit for the total year 2010.

If invoicing of certain non-finalized projects (EUR 4.7 million) would be taken into consideration, Peikko was already operatively profitable when measured in operating profit. The operative growth of Peikko was 11 % in 2010. “We target a sales increase of 20% in 2011. Based on the results from January–February and the order book for March–June this target looks realistic. After a devastating year 2009 and a very challenging year 2010 we are finally back doing healthy business – and looking for new opportunities as we proceed. I would like to take the opportunity to thank our customers and...

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