GOTHENBURG, Sweden, June 15, 2011 /PRNewswire/ --
- Swegon AB Estimates a Turnover of More Than 300 Million Euro in 2011
Swegon AB, wholly owned subsidiary of Investment AB Latour, is impressing with its significant growth: The Swedish manufacturer of comprehensive indoor climate solutions estimates a turnover of more than 300 million Euro in 2011.
"The economic boom, large investments in our production facilities to increase capacity and our comprehensive offer, accomplished by strategic acquisitions during the last years, contributes to very positive sales results," reports Orjan Ahlgren, CFO of Swegon AB.
The Swedish company has doubled its turnover during the past five years and expects even more significant growth during the upcoming years. Swegon, which is going to celebrate its 80th anniversary next year, had a turnover of 2.153 million kr (241 Million Euro) in 2010 and aims for a turnover of more than 300 million Euro this year. "This would mean an increase by 39%. And we even estimate an improved result for 2011," states Ahlgren.
To be able to cope with the increased demand in high-end ventilation and air conditioning equipment, Swegon invested strategically in their production plants: New production lines are being built and will be inaugurated shortly in three of Swegon's five plants and extensions have been made in two factories.
"The HVAC-consultants on our European markets are very busy at the moment and many projects are under way or coming up. The economic forecasts are favourable on most markets and the first quarter of 2011 closed with very satisfactory results," explains Ahlgren and adds: "We are optimistic to achieve our ambitious aims."
Please find a picture of Orjan Ahlgren, CFO of Swegon AB, for publication: https://files.me.com/janschleifer/8i5oto
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Public Relations Manager
PO Box 336
SE - 40125 Gothenburg
D - 22926 Ahrensburg
SOURCE Swegon AB