Annual Report 2007 - Panostaja

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Arme Oy
Specialising in insulation
Arme Oy began trading in 1974 and has been one of the leading companies in its field
ever since. Arme’s main focus has always been on industrial insulation, where the
company has managed to meet excellent quality standards. Building insulation work has
increased significantly in recent years. The most recent field comprises insulation work on
vessels being built in Finnish shipyards. Scaffolding work has also increased its share of
operations.
Projects for shipbuilding and house building industries have been assigned to the subgroup’s
subsidiaries, Renetor Oy and Renetor Grupp Oü.
Managing Director Jukka Pyykkönen
Arme Oy employs more than 250 professionals, including subcontractors, who work at
the Porvoo headquarters and in the Naantali and Kouvola units. In addition to Finland, the
company is running projects in different parts of Europe. The customer base consists of
domestic and international companies of different sizes.
Due to successful recruitment, the subgroup has managed to build a team of enthusiastic and
innovative staff. Competent personnel and good co-operation with different stakeholders
have facilitated long-term development of Arme Group. In June 2007, Arme Oy and Renetor
Oy were granted occupational health and safety, environmental and quality certificates by
Bureau Veritas Certification.
Demand for services offered by the subgroup increased from the previous financial year,
in particular in terms of scaffolding installation, elevating work platform rental and
training services. In the future, sales will be increasingly directed beyond Finnish borders.
Domestically, the company will seek new markets that allow Arme Group to make use of
its overall service concept.
NET TURNOVER
EUR 1,000
OPERATING PROFIT
EUR 1,000
Key data
EUR 1,000 2003 2004
IFRS
2005
IFRS
2006
IFRS
2007
Net turnover 9,487 6,670 9,919 19,684 21,629
Operating profit 795 390 1,453 4,409 5,209
Employees 131 109 118 156 161
Holding as at 31 st Oct. 2007 69.9%