Estonia, 2012-10-03 09:28 CEST (GLOBE NEWSWIRE) -- 30 September 2012 marked the 15th anniversary of the listing of AS Harju Elekter on the Tallinn Stock Exchange. As a result of the right management decisions and continuous development activities, Harju Elekter Group has become a leading producer of electrical equipment and materials in the Baltic Sea region and has increased the Group’s sales and operating profit by ten-fold over its 15 years on the exchange. AS Harju Elekter is also one of the few companies on the Tallinn Stock Exchange which has paid dividends to its shareholders, totalling EUR 15.08 million over 15 years.
We would like to thank our customers, partners, shareholders and employees. These are the people who have contributed a lot towards the prosperity of our business.
| 31.12.1997 (EEK) | 31.12.1997 (EUR) | 31.12.2011 (EUR) | |
| Sales revenue | 72.8 million | 4.65 million | 46.7 million |
| Operating profit | 5.7 million | 0.36 million | 2.0 million |
| Net profit | 8.7 million | 0.56 million | 2.8 million |
| Balance sheet | 60.2 million | 2.85 million | 52.9 million |
| Owners’ equity | 44.9 million | 2.87 million | 40.3 million |
| Share capital | 18 million | 1.15 million | 11.76 million |
| Number of shares | 1.8 million pc | 1.8 million pc | 16.8 million pc* |
| Share price in Tallinn Stock | 121.EEK | 7.73 EUR | 2.28 EUR* |
| Market value | 13.9 million | 38.3 million | |
* Number of shares and the price reflect the fund issues in May 2000 and May 2005.
Harju Elekter is a leading manufacturer of electrical equipment and materials in the Baltic Sea region. Harju Elekter Group includes the manufacturers of electrical plants in Estonia, Finland and Lithuania: AS Harju Elekter Elektrotehnika (100%), Satmatic Oy (100%) and Rifas UAB (51%), as well as the manufacturer of telecommunications products AS Harju Elekter Teletehnika (100%) and the sales organization Harju Elekter AB (90%) in Sweden. Harju Elekter also has a related company AS Draka Keila Cables (34%) and financial investments in the Latvian seller of electrical equipment SIA Energokomplekss (14%) and the Finnish stock company PKC Group Oyj (6.5%).
Andres Allikmäe
Managing Director/CEO
Phone: +372 674 7400