ONWARDS . . .

The Group’s positive result for 2021 has reinforced our already solid financial position. The volume of incoming orders has continued to rise over an extended period of time and as we enter 2022, our backlog of orders is significantly higher than it was at the same time last year. This is an indication of a positive market development in the foreseeable future.

There are although a few distinct challenges. Firstly, we consider the current global shortage of materials and components to be somewhat of a concern. In the wake of the pandemic, there are a few lingering repercussions that continue to restrict certain operations, not least another increase in staff absences as a result of Covid.

However, we have demonstrated that we can turn challenges into opportunities and our long-term plans remain the same. Through focused ongoing strategic work, we have managed to advance our market positions. Our most recent acquisitions complement our existing operations well and, in some cases, bring something completely new into the mix. 

Our plans for the future also include further acquisitions. We are constantly evaluating potential acquisitions that can strengthen our business and complement the Group’s existing operations.