Market announcement
AS Harju Elekter Group
LEI code
5299009GM96I0NYKWS93
Size of the entity
Large group
Economic activities
Real Estate Activities
Industry sector(s)
Credit rating agency
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
4337
Submission date and time
28.02.2014 10:49:30
Content of announcement in Estonian
Title
Rootsi tütarfirma Harju Elekter AB tegevuse peatamine
Message
Vastavalt ASi Harju Elekter nõukogu 27.veebruari 2014.a otsusele reorganiseerida kontserni Rootsi-suunaline tegevus, peatatakse alates 1. aprillist 2014.a määramata ajaks Rootsi tütarettevõtte Harju Elekter AB tegevus. 2010.aastal loodud tütarettevõte Harju Elekter AB on kolme aastaga saavutanud igati töötava kliendibaasi. Vastavalt kontserni arengustrateegiale on Skandinaaviamaad ja Rootsi jätkuvalt olulised sihtturud, kuid antud sammu tingis 2011.-2013.aastatel kasutatud ärimudeli ebaefektiivsus ja kulukus. Kuigi müügimahud aasta-aastalt kasvasid, ei võimaldanud suhtelised kõrged kulud soovitavat äritulemit saavutada. 31.12.2013 seisuga moodustas Harju Elekter AB bilansimaht Kontserni varade maksumusest 0,25%, mis oli 184 (31.12.2012: 342) tuhat eurot. Ettevõtte 2013.a. müügitulu oli 703 (2012: 532) tuhat eurot, moodustades konsolideeritud müügitulust vastavalt 1,4% ja 1,0%. Majandusaasta tulemuseks oli kahjum 190 (2012: kahjum 140) tuhat eurot. Reorganiseerimise järel võtavad vastutuse kontserni Rootsi-suunalise äritegevuse ja sealsete klientide eest üle ASi Harju Elekter tütarettevõtte AS Harju Elekter Elektrotehnika müügi- ja arendusmeekonnad ning partner-agendid Rootsis. Ka kõik pooleliolevad projektid siirduvad ASi Harju Elekter Elektrotehnika, kes jätkab aktiivset müügitegevust ja hangetes osalemist. Reorganiseerimise järel keskendutakse eelkõige efektiivsele arendusele ja müügile. AS Harju Elekter on juhtiv elektri- ja automaatikaseadmete tootja Baltimaades ning tuntud ja tunnustatud ettevõte Skandinaavia riikides. Harju Elekter Gruppi kuuluvad elektriseadmete valmistajatehased Eestis, Soomes ja Leedus: AS Harju Elekter Elektrotehnika (100%), Satmatic Oy (100%) ja Rifas UAB (63%) ning telekommunikatsioonitoodete valmistaja AS Harju Elekter Teletehnika (100%). Lisaks on ASil Harju Elekter osalus sidusettevõttes AS Draka Keila Cables (34%) ning finantsinvesteeringud Läti elektriseadmete müügifirmas SIA Energokomplekss (14%) ja Soome börsiettevõttes PKC Group Oyj (5%). Andres Allikmäe Juhataja Tel 674 7400 Lisainformatsioon: AS Harju Elekter juhataja Andres Allikmäe, nõukogu esimees Endel Palla (tel 674 7400). Koostas: Moonika Vetevool Kommunikatsiooni- ja investorsuhete juht Tel 671 2761
Content of announcement in English
Title
Suspension of the activities of Swedish subsidiary Harju Elekter AB
Message
According to the 27 February 2014 decision of the Supervisory board of AS Harju Elekter to reorganise the Group’s Sweden-oriented activities, as of 1 April 2014, the activities of Swedish subsidiary Harju Elekter AB will be suspended for an unspecified term. Founded in 2010, subsidiary Harju Elekter AB has acquired a fully functional client base during these three years. According to the Group’s development strategy, Scandinavia and Sweden continue to be important target markets, but the reason behind this step was the inefficient and cost-intensive business model that was implemented between 2011 and 2013. While sales volumes continued to increase year by year, the relatively steep costs did not make it possible to reach the desired business results. As at 31.12.2013, Harju Elekter AB’s balance sheet total in the Group’s assets was 0.25%, making up 184,000 euros (31.12.2012: 342, 000 euros). The company’s sales revenue in 2013 was 703,000 euros (2012: 532,000 euros), making up 1.4% and 1.0% of the consolidated sales revenue, respectively. The financial year resulted in a loss of 190,000 euros (2012: 140,000 euros). After the reorganisation, responsibility for the Group’s Sweden-oriented business activities and the local clients will be taken over by the sales and development teams of Harju Elekter’s subsidiary AS Harju Elekter Elektrotehnika, along with partner agents based in Sweden. All unfinished projects will be carried over to AS Harju Elekter Elektrotehnika, who will continue with active sales and participation in tenders. After the reorganisation, the main focus will be put on efficient development and sales. AS Harju Elekter is a leading manufacturer of MV/LV electrical equipment and automation solutions in the Baltic countries and well-known producer in Scandinavia. Harju Elekter Group includes the manufacturers of electrical equipment in Estonia, Finland and Lithuania: AS Harju Elekter Elektrotehnika (100%), Satmatic Oy (100%) and Rifas UAB (63%), as well as the manufacturer of telecommunications products AS Harju Elekter Teletehnika (100%), Harju Elekter also has a related company AS Draka Keila Cables (34%) as well as financial investments in the Latvian seller of electrical equipment SIA Energokomplekss (14%) and the Finnish company PKC Group Oyj (5%). Andres Allikmäe CEO/Managing director Tel +372 674 7400 Additional information: Andres Allikmäe, Managing director and Endel Palla, Chairman of the Supervisory Board (tel: +372 674 7449). Prepared by: Moonika Vetevool orporate communication and investor relations manager Tel +372 671 2761