KEY FIGURES 2019

TURNOVER

124 M€

EQUITY RATIO

35 %

EMPLOYEES

485

INVESTMENTS IN R&D

1,1 %

GROWTH ANNUALLY

8 %

BUSINESS UNITS

Power Utilisation

Both VEO’s contract manufacturing and project-driven business finished the year 2019 with a lot of positive news to share.

Highlights

WORKING TOGETHER

Production

We had a clear direction of where we wanted to go when we started to develop the production – and we have done well as a result.

Finance

The finance organisation now has a more active role to play in company decision-making, as we provide business management with more accurate financial and follow-up data.

Mauri Holma

Chairman of the board

At VEO, the year 2019 was a time of significant changes and development. Our CEO changed, and in several management-level positions, adjustments were made as well. The volume of our operations continued to grow, our turnover increased significantly, and the growth in orders received was also higher than in the previous year. At the same time, to improve profitability, we had to make some difficult decisions and implement significant development measures.

MISSION STATEMENT

We create growth and well-being through our energy sector expertise and our responsible operations.

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