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Granlund's net sales increased by more than 20 per cent in 2015

Consolidated profit increased from EUR 3.8 million to EUR 5.3 million.

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Granlund Group focuses on designing energy-efficient building services, consulting and software. Its net sales increased by 20.3 per cent year-on-year, totalling EUR 54.7 million (up from EUR 45.4 million in the previous year). Consolidated profit increased from EUR 3.8 million to EUR 5.3 million.

A major change to the company's group structure took place in 2015 when the energy and environment business was transferred to a new company – Granlund Consulting Oy – on 1 June. The subsidiary also provides advisory, cost management and asset management services. The new company grew rapidly and tripled its staff during its first half-year. At the end of the year, the company employed approximately 60 experts.

Granlund also expanded through two acquisitions when Granlund Kuopio bought a majority stake in Insinööritoimisto Eskelinen Oy and the company's name changed to Granlund Joensuu Oy. In addition, HVAC engineering office Lindroos Oy from Jyväskylä joined Granlund Group under the new name Granlund Jyväskylä Oy. Granlund Turku Oy was also founded, along with a new office in Oulu.

Granlund now operates in 17 locations in Finland and has significantly increased the number of personnel it employs. The Group's staff increased by around 100 during the year, ending the year at almost 630.

Granlund Group's solvency and liquidity have remained good. Return on equity in 2015 was 38 per cent (33.3 per cent) and the solvency ratio was 49.2 per cent (47.4 per cent). The net sales and operating profit of all of the Group's companies was at least satisfactory – in some cases these key indicators showed excellent results. All of Granlund's employees are included in the profit-related bonus scheme, under which EUR 3.2 million was paid out.

"2015 was a multidimensional year on the building and property market. Exports are not flourishing and national reforms are showing little progress but property deals are being made, while enormous projects began and continued in Greater Helsinki. The hospital sector is undergoing particularly strong growth on a national scale," says CEO Pekka Metsi

Granlund's market share increased, particularly among demanding hospital, infrastructure and commercial construction projects. Major new projects got underway in the shape of the second phase of the western extension to the Helsinki metro; Siltasairaala hospital in Meilahti, Helsinki; the hospital for paediatrics, obstetrics and gynaecology in Oulu; and the T3 hospital and Medisiina D building for teaching and research in Turku.

Efforts to internationalise the Granlund Manager business were one of the major focuses in 2015 and this will continue into the future. Strengthening operations in new business areas in the Middle East and China as well as existing areas will give rise to new opportunities.

Further information:

CEO Pekka Metsi, Granlund Oy
Tel. +358 40 5296 509
firstname.lastname@granlund.fi

Picture and material enquiries:
Communications Manager Minttu Vilander, Granlund Oy
Tel. +358 40 575 6660
firstname.lastname@granlund.fi

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