The growth in turnover is driven by a favorable market situation in some markets, new product launches and successfully implemented price increases. The new welding equipment we introduced during the past year boosted sales, especially in the last quarter of the year.

”Olemme tyytyväisiä viime vuoden tulokseen, sillä pystyimme jo pidempään jatkuneessa vaativassa komponentti- ja materiaalitilanteessa säilyttämään kannattavuutemme hyvällä tasolla ja jatkamaan kasvu-uralla. Kiitos kuuluu henkilöstöllemme sekä pitkäaikaisille kumppaneillemme ja tavarantoimittajillemme”, kertoo Kemppi Oy:n toimitusjohtaja Ville Vuori.

The Group's operating profit in the fiscal year 2022 was EUR 24.4 (27.7) million and the result before taxes was EUR 22.7 (26.3) million. Although the Group's operating expenses increased as planned during the financial period, profitability remained at a good level. The component shortage that plagued the beginning of the year began to ease in the second half of the year, and raw material and logistics costs decreased during 2022.

Investments in the financial year 2022 were EUR 7.2 (5.0) million. A significant part of the investments was targeted at the development of new products and related tools. In product development, the focus was on renewing the product range and launching new products. The Group's product development costs were EUR 11.0 (10.5) million, or 5.6% (5.9%) of turnover.

In the circumstances of the war of aggression started by Russia in Ukraine, Kemppi Oy temporarily suspended its business operations in Russia in March 2022. Later in the spring, Kemppi Oy announced its decision to completely withdraw from Russia.

Kemppi Group: 2022, 2021

Revenue (EUR million): 195.1, 177.9

Operating profit (EBIT, EUR million): 24.4, 27.7

Operating profit %: 12.5%, 15.6%

Employees: 781, 822

Distribution: Media, www.kemppi.com

Kemppi in brief

Kemppi is the design leader in the arc welding industry. We are committed to boosting the quality and productivity of welding by continuous development of the welding arc and by working for a greener and more equal world. Kemppi supplies sustainable products, digital solutions, and services for professionals from industrial welding companies to single contractors. The usability and reliability of our products is our guiding principle. We operate with a highly skilled partner network covering over 70 countries to make its expertise locally available. Headquartered in Lahti, Finland, Kemppi employs close to 800 professionals in 16 countries and has a revenue of 195 MEUR in 2022.

Kemppi – Designed for welders