Finnish equipment manufacturer Normet has confirmed 2018 was another year of strong growth for the business, with turnover up 21% at EUR315 million and EBITDA nearly double the previous year at EUR38 million. It has warned of slowing market growth, but says 2019 sales will be “at last year’s level or slightly better”.
Former Normet CEO Robin Lindahl selling the company's growth story
"EBITDA is forecasted to be at the 2018 level - that is, 12-14%," Normet interim CEO Aaro Cantell said this week.
"The outlook for year 2019 is still positive, although the market growth is slowing down. We are in the process of scanning new growth areas to secure our renewal and future growth.
"Our aim is to identify and launch 2-4 of these growth initiatives during this year."
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