in a responsible manner
The general economic situation on Nordkalk’s key markets remained challenging throughout 2015, which led to decreased demand for limestone-based products.
Demand in Nordkalk’s biggest market, Finland, continued to be flat and was partly affected by the European Union’s trade embargo on Russia and the weak rouble. While the Scandinavian market was slightly stronger, the central European area performed better, supported by Nordkalk’s investments in quality and services in this highly competitive market. Sales to Nordkalk’s three largest customer segments – Construction, Metals & Mining and GCC (paper pigment produced by the subsidiary Suomen Karbonaatti Oy) – remained on the same level as the year before.
Turnover 2011 - 2015
In challenging market conditions, Nordkalk continued to focus on its strategic key actions:
- improved cost efficiency
- new business innovation
- profitable growth
To support the strategic actions a new process-based operations model was implemented in April, focusing on unified processes and implementation of best practices.
In order to safeguard Nordkalk’s and its customers’ competitiveness, expenses were under scrutiny during 2015. Both fixed and variable costs decreased, thanks to e.g. more active sourcing, improved energy efficiency and lower energy prices. The continuous improvement activities and cost-efficiency measures led to a higher EBITDA percentage than in 2014.
EBITDA 2011 - 2015
Year 2015 highlights
- New operations model to unify processes and implement best practices.
- Continuous improvement process, CIP, led to significant savings.
- Good cost control and more active sourcing.
- Improved energy efficiency.
- Despite challenging markets, EBITDA percentage improved.
Nordkalk is the leading limestone company on its home markets. We deliver essential raw materials to numerous industries, and our solutions contribute to clean air and water as well as productivity of agricultural land.