Financial responsibility

By operating profitably we create the foundation for the continued operations of our company, its financial independence and the wellbeing of all employees. Risk management is an integral part of financial responsibility and a vital aspect of our business management.

We continuously monitor risks and threats in all our business operations in order to achieve our targets and ensure the continuity of our operations.

Key figures	2019	2018
Net sales M€	164.6	177.6
Financial result M€	-0.6	-1.5
Investments M€	2.7	2.0
Non-current assets M€	20.9	20.8
Current assets M€	47.9	62.6
Finished goods M€	20.8	20.1
Receivables M€	24.9	37.7
Cash and bank balancies M€	2.1	4.8
Shareholder's equity M€	23.4	24.5
Interest bearing debt M€	15.9	25.1
Non-interest bearing debt M€	27.8	32.9
Total assets M€	68.8	83.4
Quick ratio	0.7	0.9
Current ratio	1.4	1.5
Solidity %	36.6	33.5
Number of personnel on average	454	408
Number of employees in Finland	329	285

Social responsibility

As a family enterprise we foster entrepreneurship, smooth collaboration and the ability to react rapidly. Our committed and responsible employees work in accordance with our values.

Financial responsibility

By operating profitably we create the foundation for the continued operations of our company and the wellbeing of all employees.

Environmental responsibility

We minimise the environmental impact of our operations and use natural resources efficiently. We continuously improve our practices and guidelines. We make sure that all employees are aware of these guidelines and their implications for their work.

Code of Business Conduct

Algol strives to build long-term relations with customers, suppliers and other business partners based on the principles of mutual trust and confidence. We keep our business partners informed of the contents of this Code. We expect them to conduct their own business in a manner that does not conflict with this Code.

Responsibility deeds

Read about our responsibility deeds. We tell about our responsibility work through short stories that we call responsibility deeds. They describe our concrete deeds and provide illustrative examples of how responsibility is manifested within the Algol Group.

Indicators

We use responsibility indicators to report on our responsibility work.