Black Friday, Fast Fashion and the Cost of Constant Consumption
Section: Fashion
Reko Trailerproduktion AB has released its latest financial results, demonstrating significant growth in both revenue and profitability. The company, headquartered in Kristinehamn municipality, specializes in the manufacturing of motor vehicle bodies, trailers, and semi-trailers, and has established itself as a key player within its sector.
According to the recently completed financial statements, Reko Trailerproduktion AB's turnover increased by 11 percent, reaching approximately 14 million SEK for the last fiscal year. This notable increase underscores the company's ongoing expansion in a competitive market environment. The operating profit before tax also saw a substantial improvement, rising to nearly 2.6 million SEK compared to around 450,000 SEK in the previous year. The operating result stood at just over 3.6 million SEK, marking a considerable enhancement in the company's profitability.
The company's operating margin was reported at 26.1 percent, a significant improvement over the prior reporting period's 7.2 percent. For reference, data from Statistics Sweden (SCB) indicates that the average operating margin for all Swedish companies is 7.3 percent, while businesses in the motor vehicle body, trailer, and semi-trailer manufacturing sector typically achieve an average margin of 4.5 percent. Reko Trailerproduktion AB's figures place it well above both the national and sector averages, highlighting its strong financial performance and efficient operational management.
Founded in 2018, Reko Trailerproduktion AB employs six people, the same number as in the previous fiscal year. The company's operations are centered on the production of motor vehicle bodies and the manufacturing of trailers and semi-trailers. The firm's financial year runs from May to April, and the most recent period's results reflect the company's continued stability and growth. Notably, the owners did not take out any dividend during the last year, suggesting a strategy focused on reinvestment and future development.
Leadership at Reko Trailerproduktion AB includes Gert Christer Sonesson as Chief Executive Officer and Per Sven Harald Bäckström as Chairman of the Board. Under their guidance, the company has achieved the highest revenue in its sector within Kristinehamn municipality and ranks second in Värmland County for its specific industry classification. There are five companies operating in this industry within Värmland, and Reko Trailerproduktion AB remains a leading contender among them. Nationally, the company currently holds the 80th position in Sweden for its industry.
The financial and operational data provided are based on the latest annual report and will be updated as new information is published. This performance snapshot confirms Reko Trailerproduktion AB's position as a prominent and growing enterprise within the Swedish trailer and vehicle body manufacturing sector, with an outlook for continued growth and strong market presence.
Section: Fashion
Section: Arts
Section: Politics
Section: Health Insurance
Section: News
Section: News
Section: News
Section: Arts
Section: News
Section: Arts
Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.
Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.
Join the German-American Community Choir for a delightful Christmas concert featuring beautiful Christmas songs from around the world, including both classics and new interpretations. Embark on a musical journey to celebrate the festive season! This family-friendly concert will take place on Friday...
No comments yet. Be the first to comment!