Annual Report 2007 - Panostaja

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KL-Varaosat
Quality doesn’t understand compromise
The original – and still driving – business idea of the KL-Varaosat companies is specialisation
in imports of OEM spare parts for Mercedes-Benz and BMW cars and their onward
distribution to companies operating in the field and to individual consumers. A new feature
is the successful online store. Panostaja acquired the entire share capital in the KL-Varaosat
companies as the result of a transaction carried out in April 2007.
The subgroup comprises parent company KL-Parts Oy and subsidiaries KL-Varaosat Kari
Lindfors Oy in Tampere, Jyväskylän KL-Varaosat Oy and Rovaniemen KL-Varaosat Oy. In
addition, the companies have 44 distributors and an online store. The company was
established in 1979 and currently employs 26 people. The main customers of the spare
parts trade include vehicle repair shops, distributors and retailers and individual consumers,
but also local authorities, fire and rescue services, vocational institutions and insurance
companies.
The KL-Varaosat companies operate on the basis of superior product expertise, stemming
from specialisation in two car brands. The clearly defined operations also make it possible
to offer a range of even harder to find spare parts. Staff’s skills and the range of more than
20,000 items form the mainstay of business operations.
The past financial year was dominated by growth for the KL-Varaosat companies and the
outlook for the forthcoming period is also auspicious. The effects of the vehicle taxation
reform are expected to remain small, while plenty of used cars have also been imported to
Finland and the subgroup focuses on satisfying their owners’ demand for spare parts.
Key data
EUR 1,000
IFRS
2007*
Net turnover 3,580
Operating profit 289
Employees 26
Holding as at 31 st Oct. 2007 100% *6 months