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Plc Uutechnic Group Oyj: Half Year Report 1 January - 30 June 2020



The development in the right direction continues

Turnover of the UTG Group's continuing operations from January 1 to June 30, 2020 were MEUR 8.1. (EUR 7.8 Million.) Turnover increased 3,5%. Operating profit increased to 0.4 MEUR (EUR 0.04 million); Operating margin was 5.0 % (0.5%). Order backlog on June 30 was 7.2 MEUR (EUR 8.5 Million). Earnings per share from continuing operations was 0.01 Euros per share (0.00 Euros per share).

Key Figures, continuing operations  T EUR1-6 2020
6 months
1-6 2019
6 months
4-6 2020
3 months
4-6 2019
3 months
 1 - 12 2019
12 months
Turnover8 0797 8064 1674 03516 849
Operating profit/loss40641363230881
Operation profit/loss %5,0 %0,5 %8,7 %5,7 %5,2 %
Order backlog at the end of the period7 1978 5297 1978 5296 214
Orders received8 9849 6154 9455 71216 273


The first half of the year has gone reasonably well. At least so far, the corona pandemic has not significantly hampered our operations. Production has remained clean of the Covid-19 and remote working has gone well. However, travel restrictions have hampered the planned acquisition of new customers. Preparation against pandemic continues.  

Order intake and order backlog have strengthened since the turn of the year and the end of March. The workload has been better distributed towards summer. The implementation of the new integrated information system project has begun and will continue throughout the rest of the year. It can already be said that the impact of the information system investment on our operations will be very large. The brand reform has been implemented and new websites have been introduced. The updating of the home pages continues with new language versions as well as e.g. with flow picture animations of mixers.

The Annual General Meeting was postponed from the original time and place and was held in Uusikaupunki June 30. the Annual General Meeting approved the first dividend proposal after the 2015 corporate reorganizations.


The effects of a corona pandemic are very difficult to assess, even in the short term. The challenge of long supply chains was strongly highlighted in several industries due to the corona pandemic. The pandemic has reduced consumer demand, especially in services, part of the industry will take the shocks later. UTG will continue as planned with a reasonably strong and balanced order backlog.

The Company repeats it’s turn of the year outlook, where We are more profitable already on the current year than before, however to a major growth and profitability leap we believe only after year 2020.


UTG Mixing Group's order intake during the review period was EUR 9.0 million. EUR (9.6 million). The Group's order backlog was MEUR 7.2. EUR (8.5 million). The order backlog extends until 2021.


UTG Group's Turnover EUR 8.1 million increased by 3.5% compared to the comparison year (EUR 7.8 million). Operating profit EUR 0.4 million clearly improved compared to last year (EUR 0.04 million). Operating margin was 5.0% (0.5%). The cost savings made possible by the information system project have not yet realized.

Finland accounted for 17% of the turnover, the rest of Europe for 64%, Asia for 17% and North America for 2%.


At the end of the review period, Uutechnic Group’s balance sheet total stood at EUR 17.7 million (EUR 18.6 million). The interest-bearing liabilities of the Group totalled EUR 2.5 million (EUR 3.7 million). Interest-bearing liabilities include long-term lease liabilities for fixed assets in accordance with IFRS16 in the amount of EUR 1.0 million and short-term lease debt EUR 0.2 million. The Group’s cash flow from operations for the period under review year was EUR 1.1 million (EUR 1,4 million).

The Group's equity ratio at the end of the review period and taking into account a dividend of € 0.01 per share for year 2019 paid on July was 71.8 percent (62.2 percent). and net gearing was -1.0% (13,5%). the subordinated debt receivable is not included in net gearing. Groups cash and equivalents stood at 2.6 million at the end of the period.

Non-current assets on the balance sheet of Uutechnic Group’s continuing operations totalled EUR 9.8 million (EUR 9.4 million).


The Group’s equity taking into account the dividend paid in July stood at EUR 11.4 million (10.4 million) at the end of the period under review.


Focus of the product development has been productization and itemization of product portfolio as part of new digital business infrastructure. Implementation of the new system has been proceeding step by step. Research work has focused on customer case studies and sales development.

Research and development expenses recognized as an expense during the review period were EUR 0.1 million.

During the current financial year, investments and training in the new business system have continued. The old systems will be phased out towards the end of the year. The project has remained within budget. The brand reform was implemented, and new websites have been introduced. No significant equipment or machinery investments were made during the first half of the year.

The Group's investments in fixed assets were 0.3 MEUR (EUR 0.5 million).


At the end of the review period, UTG’s continuing operations had 91 (89) employees, of who 52 (50) were white collar and 39 (39) were blue collar. Of the employees, 29 worked in Finland and 62 in Germany.


Sustainability is a key element of UTG’s durable and competitive business operations. Financial and social responsibility as well as product and environmental responsibility build a sustainable future for our customers, personnel, investors, suppliers and other stakeholders.

UTG’s business idea is based on sustainability. We provide mixing technology that enables a durable lifecycle of our customers’ processes and improves the energy efficiency of processes. Our technology helps customers produce the best possible process result while consuming as little energy and materials as possible. 


The total number of shares and votes in Plc Uutechnic Group Oyj is 56,501,730. On 30 June 2020, the Group had 1,625 registered shareholders. There were in total 468 101 nominee-registered shares.

The total number of shares owned directly or through controlled companies by the Board of Directors, CEO and Group Management Team was 10 844 476 shares, or 19,19% of all shares.

Board members, CEO, Deputy CEO or...

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