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Continued strong growth creating jobs at Elomatic

Elomatic Ltd achieved strong growth in 2013 despite the continuing challenging global economic conditions. The company's turnover increased by 12%, which is significantly higher than the average for the engineering and consulting business field.

The company turnover reached a new record high of €51, 5 million with a profit margin of 4%. In the corresponding period Elomatic hired 30 additional employees of which 67% in Finland. Over the last two financial periods Elomatic has hired close to 100 new employees.

The strong growth in the last financial period has been driven in particular by process industry customer projects in Finland and abroad that saw growth of 29% during the financial period.

Process industry customer projects that have driven the strong growth included the successful completion of an ultra-modern infusion solution plant for the Ministry of Health and Medical Industry of Turkmenistan, and the completion of a soya processing plant for Finnprotein in Uusikaupunki, Finland.

The over €5 million Turkmenistan project was delivered on a turnkey basis. The soya processing plant completed for Finnprotein in Uusikaupunki is the largest of its kind in Europe and also Elomatic's largest process design plant project to date.

Additional information provided by: Olli Manner Tel. +358 400-524 843