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The integration between Prima Industrie and Finn-Power has enabled the Group which was born to conquer the length of the international crisis of 2009 and to resume growth, increasing its immediate presence on the primary geographic markets.
That operation, which enabled the Group to assume an increasingly international dimension, was followed by a stage of deleveraging and financial strengthening. The Group now is still aiming to grow, further improving the significant results achieved, from the viewpoint of the market coverage and product creation.
Finn-Power, which has led optimally to the conclusion of the Group's product range, has also brought in a considerable installed base globally and a collection of geographical markets where the Group has increased its earnings, like the United States, Northern Europe, the Baltic Countries and Russia.
Today revenues of the company Finn-Power Oy, based on preliminary accessible data for 2017, are 137 million euro (up by nearly 14% in comparison to 2016), EBITDA is increasing and net financial position is optimistic.
In 2017 the new modern headquarters of this company (production facility and offices for approximately 20,000 square meters) began being built in Seinajoki, where it's expected to move in the next part of the year, leaving the present plant in Kauhava. The construction of the building was completely financed by the Municipality of Seinajoki, which was put in competition with other regional authorities to secure the business's headquarters, which is among the primary high-tech industrial businesses in Finland.
The business has also recently received in the Finnish consulting firm Asiakastieto Oy a credit rating of AAA, along with the "Strongest" certification, which represents a significant recognition for the work done in the improvement of profitability and financial standing, in addition to a guarantee of soundness because of its stakeholders.