A positive 2021

The Harju Elekter group ended 2021 with a strong last quarter where sales increased both compared to previous quarters and compared with Q4 2020.

The group’s total revenue for 2021 was over 152 million euros. In Sweden we saw an increase especially in sales of substations to regional and local grids, making the Swedish market the second largest in the group. Other important markets are Finland, Estonia, and Norway.

During 2022 we expect that prices on raw materials will decrease some and that the sometimes-difficult situation with component shortages from 2021 improves. That we despite occasional sourcing and supply issues related to raw materials and components managed to increase our sales is a sign that the organization is already robust enough and prepared for the upcoming expansion on the Swedish market.