April 28, 2016
Valmet Automotive successful in 2015
The financial statement for the year 2015 shows that Valmet Automotive's result and financial position improved significantly.
Valmet Automotive's net sales in 2015 amounted to EUR 400 million, an increase of 26 % from the previous year. At the same time the group operating profit increased to EUR 22.2 million from the previous year's slight operating loss.
With this positive development, Valmet Automotive significantly improved its financial position. Due to the strong cash flow, it was able to pay out prematurely a bank loan which amounted to EUR 25.2 million at the end of 2014.
– Valmet Automotive's good result is based on the high vehicle production volume in Uusikaupunki over the last year and our improved cost-effectiveness. The financial situation now provides a strong foundation for the implementation of our growth strategy, says Ilpo Korhonen, CEO, Valmet Automotive.
The major events during the financial year include the manufacturing contract for the Mercedes-Benz GLC SUV, the continuation of the Mercedes-Benz A-Class manufacturing in 2017, the new manufacturing record volume in Uusikaupunki, the restructuring of the roof business and the cooperation contract with RLE International in engineering services.
Communications Manager Mikael Mäki
Valmet Automotive is an experienced provider of automotive engineering, vehicle manufacturing, convertible roof systems and related business services. Our special areas of expertise are premium cars, convertibles and electric vehicles. We employ over 2000 professionals in Finland, Germany and Poland.