Lindström continues strong internationalisation – investments made for the future
“Even though our Group turnover did not grow in euros as expected, we achieved our turnover targets in several markets when measured in local currencies. The Group turnover was weighed down by the changes in exchange rates in Russia and the Ukraine, in particular,” says Juha Laurio, President and CEO of Lindström Group.
In 2014, the Group’s net profit was EUR 23.3 million (EUR 30.2 million in 2013). The growing customer volumes required larger textile purchases, which are reflected in the profitability in 2014. These textile purchases are expected to show positively in the 2015 result. The Group’s number of personnel is rising and exceeded 3,000 in 2014. More than half of the personnel work in subsidiaries in Europe and Asia (51.1 per cent).
Share of investments increased by 43 per cent
The investments of the Lindström Group in 2014 increased by 43 per cent from the previous year in terms of euros. The most significant investments were targeted at increasing the capacity of service centres in Finland and establishing new service centres in India, Serbia, Ukraine, Russia and Estonia. In total, investments amounted to EUR 16.2 million (EUR 11.3 million in 2013).
“We believe strongly in the global growth of our business. In addition to our service centre investments, we made an asset deal connected to mat services in Serbia and an acquisition in Russia,” says Laurio. The Group’s investments in 2015 will exceed the investments made in 2014.
Lindström offers textile services to businesses in 23 countries. In 2014 Lindström expanded its operations to Serbia. The Group aims to operate in 25 countries by the end of 2016.
For more information, please contact:
President and CEO, Lindström Group Juha Laurio, juha.laurio@lindstromgroup.com, tel. +358 40 501 6299