We are pleased to present the online annual report of the TruSteel Group. With this annual report we give account for our activities in the past financial year and explain our vision for the next years
Lookback
TruSteel Group’s revenue in 2023 decreased by just under 13% compared to 2022. Variable costs also decreased, partly due to the normalized steel prices. Steel prices were much higher in 2022 after the Russia’s invasion of Ukraine. Despite the revenue decline, the stable results of this year and previous years continue to maintain our company’s solid financial position. Solvency remains at a very healthy level of 54%, which together with solid liquidity, further enhances TruSteel Group’s reliability as a partner in challenging projects.
Look Ahead
TruSteel Group’s revenue in 2023 decreased by just under 13% compared to 2022. Variable costs also decreased, partly due to the normalized steel prices. Steel prices were much higher in 2022 after the Russia’s invasion of Ukraine. Despite the revenue decline, the stable results of this year and previous years continue to maintain our company’s solid financial position. Solvency remains at a very healthy level of 54%, which together with solid liquidity, further enhances TruSteel Group’s reliability as a partner in challenging projects.
Close cooperationAs far as we are concerned, the many challenges in the market in the areas of environment, labour, digitalisation and automation continue to call for close cooperation – both within the group and within the chains. Smarter, trusting cooperation, extensive knowledge and expertise and solid organisation will take us forward. TruSteel is building an organisation that is ready for tomorrow. We therefore look to the future with confidence.
Read it online?
Curious about our work? View our annual report 2023 and read what we have been working on in the past year, what successes we have achieved and what are plans are for the future.
You can read our 2023 annual report here.