Best-ever full year!

• FINANCIAL NEWS

In Q4 we have seen organic growth in all industrial segments and geographic markets, whereof Construction Equipment, Material Handling and Agriculture have been the strongest growth drivers in 2021.

In 2021, HydraSpecma has expanded our production capacity significantly in Sweden and China, and we are constructing a new factory in India. All this to accommodate current and future growth from both existing and new customers.

The supply chain turbulence and logistical bottlenecks have unfortunately continued. However, our relatively large inventories across 10 countries, dedicated supply base combined with our global manufacturing and sourcing strategy “𝘪𝘯 𝘵𝘩𝘦 𝘳𝘦𝘨𝘪𝘰𝘯 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘳𝘦𝘨𝘪𝘰𝘯”, have helped tremendously in limiting the impact at customer level in this very challenging business-environment”, Morten Kjær, Group CEO, explains.

An overall solid and satisfying full year for HydraSpecma exceeding our expectations, delivered by our impressively agile and highly customer orientated employees – THANK YOU!

“We continue to invest in technology and electrification to be able to support our customers accelerated green transition towards more efficient and fossil free machines, while ensuring that responsible business continue to be a vital part of our heritage.”, Morten Kjær, Group CEO, concludes.

Read our full 2021 Annual Report and our ESG Report here: http://ow.ly/BkQ950I9zUK