Home News Stalatube reports excellent results for the third consecutive year

Stalatube reports excellent results for the third consecutive year

Despite the general uncertainty and the downturn in the global economy in 2023, Stalatube managed to achieve an excellent result for the third year in a row. The company reached revenue of 100.5 million euros. The EBIT of 10.2 million euros was the third-best result ever.

As in previous years, the company allocates a significant annual bonus to its staff based on the financial result. CEO Sami Packalén emphasizes the importance of skilled and committed personnel as a key factor for success.

The positive result shows that we are on the right track with our strategy. Our skilled personnel is our most important resource. Thank you to every Stalatube employee for their excellent contribution. Furthermore, our focus on sustainability will bear fruit far in the future. Our goal is to create added value for our customers by providing even stronger yet lighter steel structural solutions that are made with less material. With these high-strength products, the customer can directly reduce the carbon footprint of their products, states CEO Sami Packalén.

According to its strategy, the company seeks growth by specializing in high-strength, lightweight stainless steel products and by exploring new end-user targets and projects. Therefore the company has put more emphasis on its technical service and marketing.

The year 2024 has started better than forecasted and breakthroughs have been made, particularly in project areas. For instance, there is now a growing demand for stainless steel structural solutions in the energy sector transitioning to a hydrogen economy. Stalatube’s investments in research and development, especially in the transportation sector, are expected to open up new growth opportunities in the coming years.

Sami Packalén

CEOStalatube Oy (Finland)