Lindström has published its 2011 financial statements. Lindström’s turnover grew by 5.2 per cent in 2011, to EUR 262 million (EUR 249 million in 2010).
The Group’s profit before taxes was EUR 11.9 million (EUR 30.8 million in 2010). Profitability decreased in comparison to 2010 due to significant investments made in 2011 that were required by the company’s growth, textile purchases, increased energy costs and non-recurrent expense write-offs arising from acquisitions.
In 2011, the net investments of the Group were EUR 30.5 million, compared with EUR 21.2 million a year earlier. The investments were primarily made in the establishment of new service centres and laundries.
“We have invested in growth, and in 2012 we expect our growth to accelerate further. We will continue to implement the growth strategy we published in 2011 mainly through income financing,” says Juha Laurio, President and CEO of Lindström Group. “Even though economic uncertainty in Europe will continue, we anticipate that the growth of our business operations will speed up in all of our market areas. We always size our services according to customer needs and operate flexibly according to the needs of our customers. Thus our services are attractive to our customers in all stages of the economic cycles.”
Lindström, a Finnish family business, continues its international growth by expanding the provision of textile services to new areas of operation. Lindström’s rapid, global expansion is made possible by its innovative, flexible and modular business concept.
Additional information: Juha Laurio, President and CEO, tel. +358 40 501 6299