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Rapala VMC Oyj: RAPALA VMC CORPORATION'S ANNUAL ACCOUNTS 2020: COMPARABLE OPERATING PROFIT GREW FROM LAST YEAR DESPITE THE COVID-19 PANDEMIC; SUCCESSFULL AND FORCEFUL ACTIONS LED TO SIGNIFICANT REDUCTION IN INVENTORIES AND STRONG OPERATING CASH FLOW

Rapala VMC Oyj: RAPALA VMC CORPORATION S ANNUAL ACCOUNTS 2020: COMPARABLE OPERATING PROFIT GREW FROM LAST YEAR DESPITE THE COVID-19 PANDEMIC; SUCCESSFULL AND FORCEFUL ACTIONS LED TO SIGNIFICANT REDUCTION IN INVENTORIES AND STRONG OPERATING CASH FLOW
February 9, 2021 at 4:00 p.m.
RAPALA VMC CORPORATION S ANNUAL ACCOUNTS 2020: COMPARABLE OPERATING PROFIT GREW FROM LAST YEAR DESPITE THE COVID-19 PANDEMIC; SUCCESSFULL AND FORCEFUL ACTIONS LED TO SIGNIFICANT REDUCTION IN INVENTORIES AND STRONG OPERATING CASH FLOW
January-December (FY) in brief:
Net sales were 261.3 MEUR, down 5% from previous year (275.4). Organically sales were 2% lower than last year.
Operating profit was 10.7 MEUR (13.4).
Comparable operating profit was 21.5 MEUR (17.8).
Cash flow from operations was 42.5 MEUR (25.9). ....

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Rapala VMC Oyj: RAPALA VMC CORPORATION LAUNCHES NEW SUSTAINABILITY STRATEGY AIMING TO BE ONE OF THE LEADING FISHING TACKLE COMPANIES IN THE WORLD IN TERMS OF SUSTAINABILITY BY 2024

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RAPALA VMC CORPORATION LAUNCHES NEW SUSTAINABILITY STRATEGY AIMING TO BE ONE OF THE LEADING FISHING TACKLE COMPANIES IN THE WORLD IN TERMS OF SUSTAINABILITY BY 2024
Over the course of 2020, Rapala VMC Corporation has prepared a sustainability strategy aimed at becoming one of the first fishing tackle companies to act upon a set of seriously ambitious environmental objectives. This program will be implemented in all Rapala VMC business units.
I am extremely happy to see that the company is able and willing to take these steps to become more environmentally friendly. It is very important that we, as one of the biggest fishing tackle companies globally, step forward and show that we care about our impact on the environment, and that we are taking measures to lessen our carbon footprint, says Taneli Väisänen, Research and Sustainability Manager. It is also important to be truthful and transparent when it comes to sustainability. There is a lot of confusion surroun ....

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