Power Generation
At the Power Generation unit, 2019 was a year of significant and rewarding development.
At VEO, we can look back at a year where we did something quite remarkable. We turned a noticeable deficit into stable profitability by year end. In practice, we managed to adjust the strategy, implement substantial cost savings, restructure the organisation as well as introduce extensive project monitoring. Working together allowed us to come through these severe measures stronger than ever.
Read moreAt the Power Generation unit, 2019 was a year of significant and rewarding development.
Both VEO’s contract manufacturing and project-driven business finished the year 2019 with a lot of positive news to share.
The Power Distribution unit had a steady year sales-wise in its main markets in Finland, Sweden and Norway.
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.
We made well-planned decisions and added new areas of skills and competence to our organisation.
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.
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.
We create growth and well-being through our energy sector expertise and our responsible operations.