Annual Report 2007 - Panostaja

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Vallog Oy
Adding value to the order-delivery chain
Established in 2001, Vallog Oy focuses on manufacturing and supply of prototypes, spare
parts and small series for the metal industry and on provision of value-added logistics
services. Collaboration between manufacturing, supply and logistics – value-added logistics
– aims to improve the quality and competitiveness of customer operations.
Managing Director Risto Rousku
Vallog Oy has increased its net turnover and operated profitably since day one. During
the last financial year, Vallog Group broke 10 million euros in turnover, approximately
equivalent to a 20% growth on the previous period. In addition to logistics functions,
growth was achieved in manufacturing activities. Operating profit for the financial year
increased, but not in proportion to net turnover. Relocation of the Tampere unit consumed
operational resources and also resulted in extra costs. Vallog Group operates in Hyvinkää,
Tampere and Hämeenlinna and employs about 86 people.
Net turnover is projected to develop favourably during the forthcoming financial year, as
customers are expecting their own operations to grow next year. The company has several
ongoing projects aiming to expand and consolidate customer relationships.
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 1,502 6,191 7,525 8,511 10,491
Operating profit 79 226 233 372 410
Employees 54 80 71 84 86
Holding as at 31 st Oct. 2007 85%
*4 months