Destia’s financial statements bulletin 2017: DESTIA’S OPERATING RESULT DEVELOPED FAVOURABLY

Wed 07 Feb 2018 09:00:00 AM EET

  • Revenue was MEUR 478.7 (493.2), showing a decrease of 2.9%.
  • The comparable operating profit was MEUR 15.1 (12.5).
  • The order book at the end of the year was MEUR 696.2 (708.0).
  • The return on investment was 10.7% (11.1%) while the equity ratio stood at 34.5% (33.5%).
  • The accident frequency, which measures occupational safety, was 10.5 (5.9).

The financial statements bulletin is based on the audited financial statements for 2017.

Acting President & CEO Arto Pohjonen comments on the financial year:

“Buoyed by the continued brisk level of activity in the infrastructure construction market, Destia had a good year in 2017. We won significant major contracts that ensure our profitable growth going forward. We were again able to keep our current contracts within their estimated costs, which meant that our operating result developed favourably.

Year 2017 marked the start of the business planning period, during which our focus will be on developing our strong expertise and the Destia spirit. We will enhance our strategy of pursuing profitable growth by, among other things, digitalising our operations and strengthening our position in the capital region. The Tositoimi projects ensure the implementation of best practices and new procedures throughout the company while also enhancing the competence of personnel.

We expedited the strategic Tositoimi projects with the Time to Act programme launched in the autumn. The programme focuses on developing our management culture, internal collaboration and customer work. The first part of the programme was completed in the autumn and the same theme will continue this coming spring. In the area of technological tools, we deployed a new ERP system and a customer relationship management tool and we digitised our processes. We also introduced a new tool to support the development of occupational safety in the form of the Destia TLY application (TLY is the Finnish initialism for safety, quality and the environment) to make it easier to submit and process information such as safety observations on mobile devices.

When I took up my post as acting President and CEO in August, I knew there is a great deal of energy and potential in Destia’s personnel. Six months later, I am pleased to say that we have worked very well together in a fairly short time to put this energy to good use in developing Destia further. We will continue to rely on our highly competent and committed professionals to move the company forward and make Destia the clear number one in its industry.”

Vantaa, 6 February 2018

Destia Group Plc
Board of Directors

More information
Acting President & CEO Arto Pohjonen, tel. +358 20 444 4000

Financial reporting in 2018
The Annual Report 2017, including the financial statements and the Corporate Governance Statement, will be published on the Destia website at the beginning of March.
27 April 2018 Business review 1–3/2018
9 August 2018 Half year financial report 1–6/2018
24 October 2018 Business review 1–9/2018

Destia Financial Statements Bulletin 2017