Release
                                                                March 6, 2015
 

Onninen continued to develop its operations
in 2014 in challenging markets
 

During 2014, Onninen Group invested heavily in the development of its operations. The unit network was expanded by opening 13 new stores. Projects related to the ERP system proceeded in Sweden, Norway and Poland, in addition to which a new electronic shop and product information system were developed.

The market situation remained a challenging one in 2014, but results in Finnish, Norwegian and Polish operations showed positive development. However, significant investments, together with the poor result development in Russian and Swedish operations, turned Onninen Group's profitability into a decline. 

Onninen Group’s turnover was EUR 1,523 million, showing a decrease of 1% over the previous year. At year-end the Group’s personnel totaled 3,067, an increase of 140 since the beginning of the year.

Group operating profit decreased by EUR 8.4 million during the financial period and was EUR 15.2 million (EUR 23.6 million). Return on investment was 7.0% and return on equity 5.6%.

Read Result release 2014


FURTHER INFORMATION:
Chief Financial Officer Sami Saarnio, tel. +358 204 85 2147
CEO Timo Mänty, tel. +358 204 85 5070

The 2014 financial statement bulletin is available in Finnish on www.onninen.fi
 


INFORMATION ABOUT ONNINEN:
Onninen provides comprehensive material and information flow solutions to contractors, industry, public organizations, technical product retailers and suppliers. We are a Finnish family-owned company and have operated in the industry since 1913. We have 3,000 employees in our Finnish, Swedish, Norwegian, Polish, Russian and Baltic operations. Our net sales for 2014 totalled EUR 1.5 billion.
www.onninen.com