Artti Aurasmaa, CEO:
“Our revenue decreased by 26.5 % in the fourth quarter compared to same period last year. Revenue in the fourth quarter was EUR 21.9 million. Revenue was negatively impacted by the coronavirus pandemic through a prolonged decrease in demand. Revenue decreased in all countries and decrease was especially strong in Sweden and in Norway. Revenue for the period January – December decreased by 16.8 % compared to same period last year. Revenue for the period January – December was EUR 88.4 million.
New orders continued to decrease also in the fourth quarter. Orders decreased in all other areas except in Norway and in the Finnish public sector, where orders increased compared to the same period last year. We expect the demand in general to stay at a lower level in the near future. Recovery of the demand will be strongly dependent on the progress of the pandemic and how that will affect decisions of our customers on returning to the working environment.