CEO Comments
CEO Comments
Read Managing Director and CEO Joachim Welin’s comments from Wall to Wall’s latest quarterly report.
“The second quarter of the year was characterised by intense work in a challenging market. We implemented major changes in Finland and Denmark, and as a result we now have the right prerequisites to gradually achieve improved earnings. In Finland, we discontinued the operations in RPL and completed the merger of Reliner and Sukittajat. In Denmark, we noted a positive sales trend and underlying earnings moving in the right
direction.
In Sweden, we continued to experience challenges related to the aftermath of a weak market for our contracting and project operations in the past year. However, a growing level of market activity and an improvement in new sales, primarily in pipe relining, have boosted our confidence ahead of the second half
of the year.”
OUTLOOK FOR THE CURRENT YEAR
Signs of increased market activity were noted in the second quarter. A projected continued positive interest rate trend together with pent-up demand for investments in planned maintenance among housing cooperatives and property owners is expected to contribute to a recovery in demand.
At the same time, measures continue to be implemented to optimise the organisation and reduce indirect costs, which are expected to strengthen economies of scale and positively impact profitability.
Joachim Welin, CEO Wall to Wall Group
For full year-end report, see appendix.
Contacts
André Strömgren, CFO
+46 (0) 70 841 07 96
