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Honkarakenne, a pioneer in log construction, is building a strong future in Finland and around the world
GlobeNewswire·2025-05-09 05:30

Company Overview - Honkarakenne Plc is a pioneer in log construction, focusing on developing wood construction with nearly EUR 10 million invested in production and technology over the past five years [1][4] - The company has delivered over 90,000 buildings in more than 50 countries, making it the world's best-selling log house brand and the largest Finnish export company in the industry [2][8] - Founded in 1958 and listed on Nasdaq Helsinki since 1987, Honkarakenne is recognized for its strong brand and ecological building solutions [6][9] Financial Performance - In 2024, the company's net sales reached EUR 36.7 million, with exports accounting for 29% of total sales [3][8] - The equity ratio at the end of 2024 was 59.7%, and net financial liabilities were EUR -0.5 million, indicating a stable financial position [7] Market Strategy - Honkarakenne is focusing on expanding its presence in international markets, particularly in Scandinavia, Central Europe, and Asia, with growth potential in new regions [3][4] - The company is emphasizing the B2B segment, targeting public construction projects and tourist destinations where the ecological benefits of wood construction are crucial [5] Product Development - Significant investments have been made in production technology, including a new lamella planer and a product line of non-settling CLT logs, to support a wider product portfolio [4] - Innovations in the 21st century include various new concepts and collections aimed at enhancing the quality and versatility of log construction [9]