Strong growth continues - Insta's annual report and future review for 2022 published
Insta Group Oy's annual report for 2022 has been published. The digital annual report and future review are available in Finnish at: vuosikertomus.insta.fi and in English at: vuosikertomus.insta.fi/en/
Insta´s CEO Niklas Mattsson describes 2022 and the beginning of 2023 as a time of renewal and strong growth.
- We strengthened our competitive advantage, making our full competence available to all of our customers in an agile and easy way. We managed to create new partnerships and deepen our strategic customer relationships. We continued on a stable growth track financially as well. Our net sales grew by 7% to approximately €153 million. The EBIT for the financial period was €15.7 M. We are a family-owned company with excellent liquidity and a great financial position. Our high customer satisfaction rating demonstrates our success and encourages us to continue doing things in our own way, Mattsson tells.
The green transition and NATO membership bring new opportunities
Insta’s business area that focuses on the industry continued to have a stable position as a one-stop shop for expertise in automation, electrification, and industrial digitalization. According to Mattsson In the future, Insta will have an even stronger role in accelerating, especially the transformation of the energy sector and the green transition. In early 2023, Insta established new units in place to manage the overall services for industry and the ever accelerating digitalization as well as turnkey deliveries and life-cycle services for the energy industry.
- Our comprehensive product and service offering as well as our unique know-how have made Insta the most dependable cyber security partner in Finland, which we are very proud of, says Mattsson.
Insta’s trategic partnership with the Finnish Defence Forces developed favorably. The purchase of the F-35 fighters and our strong role as a provider of avionics maintenance services will keep us in business for a long time to come.
The NATO membership is a major opportunity for us. As an expert in state-of-the-art technology, we are able to offer purposeful products and solutions to the international defence technology market.
Empowering a secure and sustainable future
Helping and supporting customers in a connected world that is becoming digitalized at an accelerating pace is at the heart of the renewed strategy.
- Security is part of our core competence, culture, and approach. It is one of our key customer segments. Together, we look for solutions for ensuring social stability, improving competitiveness, and making the green transition possible. Our strategic aim is to empower a secure and sustainable future for our customers and stakeholders now and in the future, Mattsson summarizes.
The strategic goal is also to be an excellent workplace where employees are able enjoy their work and work and free time are balanced. An inspired, competent, and committed team is an essential success factor for us.
- More than 80 new employees joined our growing team last year. We still have more than a hundred positions available for those who want to develop solutions for a better and safer world together with incredible customers and partners.
Insta’s year 2022 - Stable growth and renewal
Net sales 153.4 M€, net sales increased by around 7% (2021)
Operating profit €15.7 million
Number of personnel approximately 1,150
ISO 14001 Environmental management certificate
44% Record growth in the sale of cyber security services
A record year in electrical cabinet deliveries
The development of digitization services brought new customers
