Peikko Group, a leading global supplier of slim floor structures and connection technology for precast and cast-in-situ applications, reached in 2018 a record turnover of EUR 224.8 million (MEUR 187.7 in 2017), representing an annual growth of almost 20 percent. Profit before interest and taxes (EBIT) amounted to EUR 7.9 million (MEUR 10.1 in 2017).
Profit before interest and taxes (EBIT)
Balance sheet total
Despite the EUR 37 million growth in volume, Peikko was able to satisfy the customer demand. Nevertheless, due to the investments in capacities and processes and maintaining the service levels Peikko also incurred extraordinary costs, thus influencing profitability.
Peikko’s total investments in 2018 continued at very high level and amounted to EUR 20 million (MEUR 21 in 2017). Major investments included a large 30,000 m2 facility purchased in Bucharest, Romania and machinery & equipment in the new facility in St. Petersburg, Russia. During Q3/2018 Peikko also started building a new factory premises in Ras Al Khaimah, United Arab Emirates.
In 2018, Peikko introduced to its structural design partners the new free-of-charge pre-selection software Peikko Designer® DELTABEAM SELECT. Since its launch, the program has gained more than 4,000 active users, thus boosting the DELTABEAM® future business potential.
During 2018, Peikko also rolled out Trimble’s TEKLA 3D-modelling software. This allows Peikko to offer “TEKLA Model Sharing” -capabilities to its customers in DELTABEAM® projects. This new way of working significantly boosts the building site efficiency and the co-operation between different parties, such as structural designers, construction companies and Peikko. There are more than 70 users within Peikko for this 3D-modelling software.
"I am very proud of our Peikko team that gave their very best in a high-growth situation. I am also honored by the trust our customers have shown in Peikko’s products and services. For 2019 we are, however, aiming for clearly more moderate growth, while continuing to upgrade our potential for serving our present and future customers. Our new product pipeline looks very promising, with two major product introductions to take place already at the BAUMA exhibition in Germany in April 2019", says Topi Paananen, CEO of Peikko Group Corporation.
Further information: Topi Paananen, CEO, Peikko Group Corporation, Mobile: +358 50 384 3001, email: firstname.lastname@example.org
Distribution: Main media, Peikko websites
Peikko Group in brief: Peikko Group Corporation is a leading global supplier of slim floor structures and connection technology for precast and cast-in-situ applications. 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 certified manufacturing operations in eight countries. Peikko generated turnover of EUR 225 million in 2018. Peikko is a family-owned and managed company that employs over 1,800 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.