An average year with substantial investments

"I would describe 2010 as having been an average year. The order inflow for the Group was SEK 263 million (SEK 340 million), a decrease of 22 per cent. The fourth quarter did not turn out as we had expected, but we can be pleased that we made up that lost ground in the first quarter of 2011. The net turnover was SEK 345 million (SEK 353 million). The equity ratio increased to 45.6 (41.4).

The year was distinguished by major investments in the Biogas business area. Geoenergy developed better than the previous year but not at the rate we had hoped, and Water Treatment showed a poorer result than expected. All in all, this meant that the operating profit decreased, with a final figure of SEK 11 million (SEK 22 million).

We did not quite succeed in adhering to budget, but 2011 has got off to an excellent start and I know that the timing of our green technology is absolutely right. It is therefore with considerable confidence that I look to the future."

Per Malmberg, CEO

Download our annual report 2010