Lappset reports stable results in a challenging market environment
The Lappset Group achieved a stable result last year despite the challenging market situation. Consolidated turnover decreased compared to the previous year, but the company managed to maintain the profitability of its business at the previous year's level thanks to savings measures and operational efficiency improvements.
Market demand varied widely from region to region due to geopolitical factors, which affected the development of turnover. Despite these challenges, Lappset continued its future development efforts, supported by a strong financial base and its long-term strategy.
The consolidated turnover of the Group in 2024 was EUR 61.8 million (EUR 66.3 million in 2023), and the operating profit was almost EUR 1 million.
Towards the end of the year, economic developments were supported by the easing of interest rate rises and inflationary pressures. The Group's equity ratio remained at a good level of 44.6% (47.1% in 2023).
At the end of the year, the group employed 385 people (382 in 2023).
For more information:
Arto Lahtela, CEO, tel. +358 40 752 3055, arto.lahtela@lappset.com