2009 in brief
Key achievements
Although a challenging year for Are, 2009 also featured a number of successes, reinforcing Are’s position as a front runner in building services, property services and renovation services.
• Industrial Services, which is part of Are’s Contracting Services, posted an excellent result, and Are’s subsidiary in St. Petersburg experienced profitable growth for the second year running.
• Are won a public-sector construction project tender, in which the property’s life cycle costs were taken into account. The project concerns the Kuopio Tax Office building, and the Are Sensus® system will be at the core of the building services constructed for the project.
• The S-Group ordered from Are the first carbon dioxide based retail store cooling system, for the S-Market Keilankanta store in Kuopio. The building services system uses renewable energy sources and energy released from the store’s refrigeration equipment.
• The Are Group invested in developing new service solutions. The company was the first major building services provider to introduce the new sewer and service water pipe overhaul systems in Finland. Are’s Plumbing Renewal service package makes use of the best conventional and internationally tried and tested pipe relining and coating methods.
• Are opened a new service location in Seinäjoki and obtained a significant electrical contract for the Y Building at Seinäjoki Central Hospital.
• Are acquired the construction business of Turun Rakennustiimi Oy. The deal strengthens the Group’s nationwide renovation service network, and preparations are being made for meeting an increase in the demand for renovations.
The figures presented for 2009 are not, however, directly comparable with previous years because on 1 January 2009 the company switched over to a percentage-of-completion method of income recognition. This explains EUR 41.6 million of the drop in turnover from the previous year.