Harju Elekter – Harju Elekter Group financial results, 1-12/2024

The fourth-quarter results of Harju Elekter continued to be affected by low order volumes. 

Although the decline in orders could be foreseen as early as the spring of 2024, it had a larger-than-expected impact on fourth-quarter revenue, which declined significantly. The decline in revenue presented a challenge in terms of covering overhead costs and maintaining profitability. However, further reductions in overhead costs, in particular staff costs, would have affected competence and limited opportunities for the sustainable growth of business volumes. 

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