Income Statement

 1.1.–31.12.20161.1.–31.12.2015
TURNOVER75 64374 334
Change on inventories of finished goods and work in progress-11954
Other operating income117243
Variable and fixed costs-73 273-71 364
OPERATING MARGIN2 3683 267
Depreciations and write-downs-1 285-1 367
OPERATING PROFIT1 0831 900
Share of result of associated company295231
Financing income and expences-362-532
PROFIT BEFORE EXTRAORDINARY ITEMS AND TAXES1 0161 599
Income taxes-266-386
PROFIT FOR THE FINANCIAL YEAR7501 212

MISSION STATEMENT

The company will continue its profitable growth strategy. In the long run, our goal is an annual growth of around 10% and continuous growth in profitability.

Business Segment Insights

CEO’s Review

We need to stay awake and grab opportunities as they arise. VEO must always be ready to take a new direction.

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Industry

The UK has a lot of potential, and I’m very pleased that 2016 opened important doors to this new VEO market

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HR

According to our employee survey, 98 % of the respondents would recommend VEO as a workplace. That means we’ve done things right.

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Substations

New investments are being prioritised instead of repairs and maintenance. My guess is that the investment pace will be high for the following 5 years.

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Wind Power

VEO is known as the guy who isn’t afraid to take on challenges – not because he’s stupid enough to do it, but because he can handle the risks professionally.

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Expert Services

Our customers clearly ask for our advice and want us to be present throughout the entire project – from execution to education and life cycle management.

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