Hartela Group Annual Review 2020
Hartela Group Annual Review 2020 1 Key figures Distribution of net turnover (EUR million) Apartments for consumers 120,4 Apartments for investors 106,8 Contracting 60,5 Business premises 20,5 Renting and other activities 5,0 Turnover: EUR 313 million Operating profit: EUR 12.4 million (4.0%) Development 2016-2020 3,3 9,1 9,4 8,5 12,4 2,2 % 6,5 % 8,5 % 9,6 % 15,0 % 37,1 % 36,7 % 39,0 % 41,6 % 45,7 % 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Operating profit Return on capital employed Equity ratio 2 CHIEF EXECUTIVE OFFICER’S REVIEW CONTENTS ”We succeeded in a challenging KEY FIGURES 2 environment” CHIEF EXECUTIVE OFFICER’S REVIEW 3 RESPONSIBILITY “2020 was a successful year for Hartela in spite of all the vember, Hartela has maintained its good reputation. 84 percent of ENVIRONMENTAL RESPONSIBILITY 5 uncertainty in the spring related to the effects of COVID-19. Due residential customers and partners responded that they consider FINANCIAL RESPONSIBILITY 5 to COVID-19, some project launches were delayed, which was Hartela a reliable partner. reflected in decreased turnover. Overall, however, the impact of Hartela has set out its strategic priorities for the coming years. In SOCIAL RESPONSIBILITY 6 COVID-19 on earnings and cash flow remained reasonably small. business operations, we will focus on Hartela Homes (Hartela-kodit) DEVELOPMENT WORK 8 The strong result was due to our skilled and motivated staff, a and construction partnering. Hartela Homes encompasses good project portfolio and positive demand for apartments from RS-sites for consumers as well as housing projects for investors and BUILDING PROJECTS 2020 9 both consumers and investors.
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