The Group has increased its sales by 14%. Sales totalled 3 130 MNOK compared with 2 745 MNOK in 2007. The pre-tax profit for 2008 amounted to (NIBT) 375 MNOK compared with 361 MNOK in 2007.
The first ten years since the formation of Nammo, the company has gradually developed from being a strong Nordic player, to an international competitive and well recognized supplier of ammunition and missile products.
In 2008, 68% of the sales went to customers outside the Nordic region (Finland, Norway, Sweden). These sales covers 33% other Europe, 29% USA/Canada and approximately 6% in the Far East/Australia.
Nammo continues to sharpen its focus on high-tech niche products in a customer oriented market.
“Due to the financial crises the future is more uncertain than the previous years, but we still have to maintain and utilize what we have learned in the past. We will continue to cooperate and build teams across boarders, be focused on the customers requirements, be close to the home market and be flexible to adjust the organization to market trends, says President & CEO, Edgar Fossheim.”
Link to Annual Report 2008
For any further information, please contact:
Peter Lerche Raadal
Senior Vice President Finance & CFO, Nammo Group
Tel: +47 61 15 21 22
Vice President Communication, Nammo Group
Tel : +47 61 15 22 42