Business developed favourably in 2021
The Algol Group's business developed favourably during 2021. Consolidated net sales increased to EUR 181 million, while operating profit improved to EUR 6.7 million. All Group companies improved their results compared to 2020. In addition, nearly all Group companies also surpassed their budgeted target.
The growth and improvement in earnings were due not only to strong demand, but also to more efficient operations. On the other hand, long delivery times for raw materials and components limited sales somewhat. Restrictions imposed in response to the corona pandemic also slowed sales, especially in healthcare-related sectors.
Read more from our press release.
New safety walk module added to Grainite
The new safety walk module has been tailored especially to the needs of Algol.Read more
Safety walk target achieved by Algol Chemicals in 2021
Safety walks are important not only for identifying areas for improvement but also for raising safety awareness.Read more