CEO’s greetings: forward with controlled and profitable growth

Another busy year towards our goals is starting to come to an end.

2023 has been an excellent year for business. This year, we closed the deal for the largest delivery in our history, which was a great success overall. Our turnover will grow by around 20% again this year, and we will start 2024 with the same growth target. Looking at the order book, this target looks very achievable.

We expect growth especially from exports. We started our export drive a couple of years ago, and during this time we have gained the expected foothold and recognition in our target regions in Sweden and German-speaking Europe. We are already receiving a good flow of requests for quotations from these regions. We have also been able to close export deals.

So our export expectations are very positive and optimistic. We have invested heavily in sales, marketing and processes to make them even more responsive to export requirements. Our export targets so far have been met and we already expect significant results in 2024 and 2025.

We have been very active at the fairs this year. We have participated in subcontracting fairs in Finland and Sweden, and visited the biggest European welding fair in Essen, Germany. Bookings have already been made for future years, as these events are one of the most important opportunities to discuss companies’ needs, wishes and questions face to face. Our 2024 trade fair tour will start with the Nordic Welding Expo in Tampere in March following Elmia Svets in Jönköping in May. We will also be exhibiting at Essen when it next takes place in 2025.

The end of the year has also been a good time to review our strategy for the coming years. Our business is increasingly focused on robotics, which accounts for up to 70% of our turnover. The number of advanced robotic cells has also grown steadily and now accounts for the majority of our robot business. Our main strategic direction remains unchanged: we are a growth company and we seek growth, but always in a profitable and controlled way. Steady growth will safeguard our operations and ensure that we can serve our customers’ needs and provide our staff with a good job for the future.

Major efforts and investments have also been made in the product portfolio. The aim has been to make our stock better able to meet both export requirements and our customers’ current and future challenges. Early this year, we launched mobile positioner, which immediately found a place among our customers. The need for this product is therefore obvious, and we will continue to develop our mobile positioners by scaling them to different sizes.

For these successes, we must once again thank our staff, whom we have also been able to recruit more this year. We have always been committed to investing in our staff, because we believe that when our staff do well, the company does well. When we care about people, they care about us. Jucat has a good atmosphere and a spirit of working together, which will keep us going next year.

So thank you to our staff for this year! A big thank you also to our customers and partners who make our work rewarding and meaningful. Together, let’s make next year an excellent year for all of us.

Best regards
Jukka Rintala
CEO