Harju Elekter Group's 2024 Financial Overview and Insights

Author: Ryan Hughes Updated: 03-27-2025 01:00 AM

Overview of Harju Elekter Group's 2024 Annual Report

AS Harju Elekter Group has released its consolidated audited Annual Report for the year 2024, meticulously prepared by the Management Board and secured approval from the Supervisory Board. It's noteworthy that the audit findings align closely with the earlier unaudited interim report presented.

2024 Financial Highlights

The financial performance for 2024 demonstrated significant achievement for Harju Elekter Group. The consolidated audited revenue reached an impressive €174.7 million. This reflects the company's robust market position and the effectiveness of its operational strategies. Furthermore, the operating profit for the year was €6.4 million, indicating a solid operational framework managed by the team.

Net Profit and Operational Efficiency

In terms of net profitability, Harju Elekter Group recorded a net profit of €3.2 million. This key outcome underscores the management's focus on enhancing operational efficiency while maintaining cost-effectiveness. By leveraging innovative technologies and optimizing resource allocation, the company continues to pave its path toward long-term sustainability.

Documentation and Accessibility

The original audited Annual Report 2023 is now available in machine-readable .xhtml format on the Nasdaq Tallinn Stock Exchange. This transparency ensures that stakeholders can easily access comprehensive details about the company's performance, fostering informed engagement with the investment community. You can find it on the Nasdaq Baltic website through the provided link.

Future Outlook

As Harju Elekter Group moves forward, there is an evident commitment to growth and innovation. The Management Board remains dedicated to enhancing shareholder value and exploring new business opportunities that align with the company’s strengths in the electrical engineering sector. With a solid operational foundation, Harju Elekter Group is poised to navigate market challenges effectively while capturing emerging opportunities for growth.

Leadership Insights

Tiit Atso, the Chairman of the Management Board, emphasizes that the foundation for future growth is built on both operational excellence and strategic foresight. Under his leadership, the company aspires to foster innovation and sustainability, ensuring it remains a key player in the industry.

Frequently Asked Questions

What is the consolidated revenue for Harju Elekter Group in 2024?

The consolidated revenue for 2024 was €174.7 million.

Did the audited financial results differ from the interim report?

No, there were no differences reported between the audited financial results and the interim report.

What was the net profit for Harju Elekter Group in 2024?

The net profit for 2024 was €3.2 million.

How can stakeholders access the Annual Report?

The Annual Report is available in machine-readable format on the Nasdaq Tallinn Stock Exchange website.

What are the company’s strategic focuses moving forward?

Harju Elekter Group aims to enhance shareholder value while exploring new business opportunities through innovation and sustainability.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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