Peikko Group, a leading global supplier of slim floor structures, wind energy applications, and connection technology for precast and cast-in-situ construction, reached in 2021 a record turnover of EUR 254.8 million (MEUR 238.5 in 2020). Profit before interest and taxes (EBIT) amounted to EUR 12.9 million (MEUR 14.3 in 2020).
During the year of 2021 the business was further affected by COVID-19 with various lockdowns and other disturbances around the world. During autumn the business was also heavily affected by e.g., rising costs of logistics, energy, and raw materials.
Peikko’s total investments in 2021 continued at a reasonable high level and amounted to EUR 13.5 million (MEUR 18.7 in 2020). The investments were to the large extend related to machinery and equipment, and the largest investments took place in Peikko’s factories in Slovakia and Romania. In December, Peikko informed that it had acquired Kemecweld Oy, a company focusing on welding automation. The team that joined Peikko after the acquisition will play an important role in implementing Peikko's machinery and equipment investments in 2022–2023.
Peikko’s Research & Development investments remained on similar level to 2020 and were at about 6 MEUR. There were several new product launches that took place in 2021, such as the ETA assessed BOLDA® Column Shoe and a new GRAVITY7 wind turbine tower gravity foundation system. Peikko also implemented important research in the field of timber construction, such as loading tests with DELTABEAM® and Cross-Laminated Timber (CLT) floor slabs.