In January-
- The Rubber segment’s turnover was
EUR 7.4 million (EUR 8.8 million ) -
The Rubber segment’s EBITDA was
EUR 0.2 million (EUR 0.8 million ) -
The Group’s turnover was
EUR 7.4 million (EUR 55.4 million ) -
The Group’s EBITDA was
EUR 0.0 million (EUR 6.4 million ) -
The Group’s result for the period was
EUR 0.0 million (EUR 4.1 million ) - The Group’s assets were invested in low-risk instruments
- Reka Industrial’s strategy work is in progress
Interim report is unaudited. In the figures of comparison year,
PRESIDENT AND CEO
Year 2023 started the renewal of
With the corporate sale, Reka Industrial’s cash equivalents increased notably and investments to funds started. During strategy work, investments are made mainly to low-risk instruments and short-term deposits. At the end of the review period, the Group’s cash and cash equivalents totalled at
Reka Industrial’s industrial business consists of Reka Rubber, which is one of the leading manufacturers of industrial rubber products in
Reka Rubber has a strong position in its selected market segments and the company estimates that its market share is remained unchanged. Sales activities are active and we have received new customers. At the moment we are delivering samples to new customers.
Profitability was affected by decreasing volumes and the delay in transferring the cost increases to customer prices. The Rubber segment continues to emphasize on transferring the cost increases to customer prices and developing productivity and profitability. In addition, the company ensures the conditions for future growth with a profitable product offering and efficient production technology. The production lines and machines ordered by the Rubber segment are installed mainly after summer. Investments and recruitments to increase production capacity and profitability are continued to accomplish long-term growth.
Reka Industrial’s Board of Directors and management are focusing on strategy work that was started as a result of the corporate sale of Reka Cables.
MAJOR EVENTS DURING THE FINANCIAL PERIOD
There has not been any major events to publish during the financial period.
SEGMENTS
Reka Industrial’s industrial business consists of Reka Rubber Ltd’s business and there is one segment, the Rubber segment.
RUBBER SEGMENT
In the first quarter of 2024, the Rubber segment’s turnover was
The Polish production unit concentrates on the manufacturing of black hoses and silicone hoses. To increase the capacity of manufacturing black hoses, the Rubber segment ordered a new extrusion line to the production unit in
The delivery capability in both factories have been good.
BALANCE SHEET AND FINANCING
At the end of the review period, the balance sheet totalled at
At the end of the review period, the Group’s cash and cash equivalents totalled at
At the end of the review period, the Group’s interest-bearing liabilities were
PERSONNEL
In January-
SUSTAINABILITY
Reka Industrial’s goal is to take into account the needs and wishes of all its stakeholders and actively promote the sustainable development according to these needs. The company takes care of its personnel’s working conditions and develops the competence of its personnel. The company is long-term responsible business partner to its customers and representatives of its delivery chain.
Reka Rubber promotes its shared goals with
For Reka Rubber, climate actions means reducing emissions and improving energy efficiency in the company’s own operations. At the same time, the aim is to influence factors affecting air quality. Reka Rubber has calculated the carbon footprint of its own operations, which it strives to reduce by consuming emission-free electricity and improving energy efficiency of its own operations. Both Reka Rubber’s factories use CO2 -free electricity. Solar panels have been installed at the factory in Aura and at both factories, the lightning is gradually replaced by LED lights.
The essential factor is also the rubber raw material, its efficient use and production waste. The Rubber segment strives to reduce the amount of rubber waste in proportion to production tonnes through material selection, process development and technical supports and enhancing the utilization of waste.
RISKS AND UNCERTAINTY FACTORS
The financial situation in the euro area and political uncertainties may have an effect on the purchase amounts and the launch of new projects of the customers in the Rubber segment. The increase in the price and availability of energy may directly and indirectly affect the market.
Financial risks and the related protection measures are described in more detail in the notes to the Financial Statements. The company’s future risk factors are related to the investments activities and the development of its business segments.
MAJOR EVENTS AFTER THE REVIEW PERIOD
There has not been any major events after the review period.
NEAR-TERM OUTLOOK
The company’s strategy process continues. During the strategy process company’s funds are mainly invested in low-risk investments and short-term deposits. Rubber segment emphasizes increasing productivity and profitability. Investments in long-term growth will continue.
In Hyvinkää
Board of Directors
Further information:
Sari Tulander, President and CEO, tel. +358 44 044 1015
Disclosure regulation
All comments in this report that do not refer to actual facts are future estimates. Such estimates include expectations concerning market trends, growth and profitability as well as statements including the words "believe", "assume" or "will be" or a similar expression. Since these estimates are based on current plans and estimates, they involve risks and uncertainty factors that may cause the actual results to differ substantially from current statements.
Among other things, such factors include 1) operating conditions, such as continued success in production and the ensuing efficiency benefits, availability and cost of production inputs, demand for new products and changes in circumstances affecting the acquisition of capital under acceptable conditions; 2) sector-specific circumstances, such as the intensity of demand for products, the competition, current and future market prices for the Group’s products and related pricing pressures, the financial situation of the Group’s customers and competitors and competitors’ possible new products; and 3) the general economic situation, such as economic growth in the Group’s main market areas and change in exchange rates and interest rates.
Figures in brackets refer to the same period a year earlier, unless otherwise stated.
Contacts
- Sari Tulander, President and CEO, +358 44 044 1015, sari.tulander@reka.eu
About Reka Industrial Oyj
As an industrial family company, we are committed to developing the performance and sustainability of the companies we own.
Attachments
- Download announcement as PDF.pdf
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