This week: PEIKKO GROUP IN 2011: GROUP NET SALES EUR 104.5 MILLION, GROWTH 36%

The net sales level returned to its level prior to the 2009 recession and the business was again profitable. Despite substantial growth in net sales Peikko Group’s balance sheet decreased in size during the year. As a result of the positive operating profit and changes in the ownership Peikko’s equity ratio rose to 51 percent.

”We are pleased with our performance last year, both in terms of the sales growth achieved and the return to profit. In 2012 we target a level of EUR 120 million in net sales. We continue to invest in our production equipment, and will aggressively boost our sales, marketing and R&D.” says Topi Paananen, CEO of Peikko Group Corporation.

Further information: Topi Paananen, CEO, Peikko Group Corporation, GSM +358 50 384 3001, Email: topi.paananen@peikko.com

Peikko Group in brief: Peikko Group Corporation is a leading global supplier of fastening products for concrete connections and composite beams. Peikko’s innovative solutions make the customers’ building process faster, easier and more reliable. Peikko has subsidiaries in 30 countries in China, Europe, the Middle East, and North America, with manufacturing operations in 8 countries. Peikko’s net sales in 2011 were EUR 105 million. Peikko is a family-owned and run company with over 800 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.