Preliminary financials

Fortaco’s preliminary financials for 2022 and outlook for 2023

Fortaco Group Holdco Plc[1] (“Fortaco”), the leading strategic partner to the heavy off-highway equipment and marine industries, announces preliminary financials for the fiscal year ended 31 December 2022 along with an outlook for 2023, including selected financial and operating results.

In 2022, Fortaco recorded net sales of EUR 332.4 million, recurring EBITDA of EUR 24.7 million and a net debt of EUR 52.0 million. This corresponds to more than 40% YoY growth in net sales.

Read the press release here.


[1] Fortaco Group Holdco Plc acquired 100% of the shares in Fortaco Group Oy on 30 September 2022, after which Fortaco Group Oy and its subsidiaries were consolidated under Fortaco Group Holdco Plc. Consequently, Fortaco Group Holdco Plc financials are not representative of the Group’s performance, and thus the figures in the press release are presented on a full pro forma basis. Figures are in accordance with IFRS standard, unless stated otherwise.


Zero Emission Solutions

Fortaco Technology is now Zero Emission Solutions

"When starting my first job in Isuzu Motors in Japan as a diesel engine control system engineer, I was excited to develop solutions that reduce CO2 and other emissions.

Today, the ambition level is even higher - together with my colleagues in Fortaco we are developing zero emission solutions." - Rafal Sornek

Fortaco is active with the green environmental transformation and one of our strategic targets is to transform the off-highway equipment industry into emission free.  To prioritize and focus on this transition, Fortaco’s Technology unit has been transformed into Zero Emission Solutions to highlight our strategic direction and develop future business offerings. The main focus areas are: fossil-free steel, lightweight structures, circular economy, and e-mobility.

Scope

Development of technologies is a focus area for Zero Emission Solutions, the main three areas being:

SystemTech: research and development of new systems related to operator cabins and thermal management.

ManuTech: research and development of new production technologies as well as design of highly efficient production lines.

SteelTech: research and development with a focus on lightweight structures.

In addition, Zero Emission Solutions explore newly emerging business areas related to the electrification of off-highway equipment industry.

Organization

The Zero Emission Solutions unit is led by Rafal Sornek.

  • SystemTech is led by Aki Komulainen.
  • ManuTech is led by Zbigniew Zych.
  • SteelTech is led by Rafal Sornek (acting role).

CabTech organization is transferred to Business Site Kurikka and Holic:

  • CabTech Kurikka is led by Markus Jouppila.
  • CabTech Holic is led by Daniel Pseno.

Fortaco considers the transformation of off-highway equipment industry into emission free as one of its key future targets.

Rafal Sornek
Senior Vice President
Zero Emission Solutions


Season's Greetings

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Team Fortaco would like to express thanks to our customers, business partners and colleagues for the excellent cooperation throughout the year.

We wish you a Peaceful Christmas time with families and friends and a Successful Year 2023. ????

Instead of giving Christmas presents, Fortaco has made a donation to charity.


Factory extension

Fortaco expands vehicle cabin capacity in Holic factory Slovakia

Fortaco has started a capacity extension project at Business Site Holic in Slovakia.

The investment will consist of a 4.000 m2 factory extension, an increased manpower of 90+ people and new equipment. The construction work will be started in Q1-2023 and it is scheduled to be finalized in Q4-2024.

“I am happy to announce the start of factory extension after intensive preparations. It builds a critical cornerstone to the current and future growth of FORTACO BUISARD CABINS -business. The new factory is a critical platform to further support our customers by offering vehicle cabin assembly and production capacity based on a high degree of automation and strong operational excellence”, says Lars Hellberg, President & CEO of Fortaco Group.

Fortaco’s factory in Holic, Slovakia offers vehicle cabin manufacturing capabilities to the world’s leading OEM customers, including design and engineering, and aftermarket services. FORTACO BUISARD CABINS’ footprint comprises of three modern factories with the best-in-class equipment in Sablé-sur-Sarthe France, Kurikka Finland, and Holic Slovakia.

Fortaco Group and Buisard Cabins established a strategic alliance in December 2021.

Read the press release here


Bauma manufacturing exhibition

End & New beginning

Creating the future co-operation. The next generation off-highway professionals visiting Fortaco booth in Bauma. ????

Exciting week starts to be at the end - many thanks for all the visitors.

Our team is grateful for all the connections made and insights shared during these days. Let us be in touch and stay on the way forward.

See you next time in Agritechnica 2023! ????????


Rally & Manufacturing

This year our experience at Bauma will be supported by an expert in his field.

We are happy to welcome Fortaco’s Ambassador, Ari Vatanen to join our team in Bauma. Vatanen will be on Fortaco booth A6.225 on 26-28 October.

Ari Vatanen, known as World Rally Championship, four times Paris-Dakar Rally winner, FIA World Cup Cross-Country winner, and a former Member of the European Parliament, has a strong background in working with premium teams and technology during his long and remarkable career.

Fortaco aims to be a premium service and product provider for our customers, and having Vatanen onboard, is well aligned and an exciting chance to cooperate. Ari Vatanen will be sharing his experience and knowledge, but also visions, why he supports and has trust in Fortaco journey.

Welcome to meet Vatanen and the whole Fortaco team of experts - see you in two weeks!


Bauma 2022 draws closer

World’s leading trade fair Bauma takes place in Munich 24 - 30 October. With the key themes of digitalization and sustainability Bauma provides valuable insights into promising technologies.

Fortaco Technology - active in green environmental transformation

Our Technology team of professionals is developing solutions to reduce global warming. We are working with research and concept development to address the areas of fossil-free steel, light-weight structures, circular economy, and E-mobility. We have a research study ongoing on fossil-free steel to understand how new material can be used on customers’ applications. We are a member of FOSSA-research project. A new light-weight steel structure design is undergoing a field test with a key customer. The usage of high-strength steel is part of customer's new electrified fleet approach improving the fuel economy. The SmartSteel project is aiming at providing real-life information about the residual lifetime of steel components and enables many circular economy actions like refurbishment and re-manufacturing. E-mobility technologies like battery power pack are in an advanced study phase. We are investigating an offering Fortaco could provide in the future.

Vehicle Cabins – no compromises with safety

Fortaco and Buisard cabins have joined forces. Through a strategic alliance we are the market leading vehicle cabin technology and manufacturing business serving the off-highway equipment industry. FORTACO BUISARD CABINS offering include low, medium, and high-volume glazed cabins with the assembly content, and also full plug and play vehicle cabins. We wish you welcome to meet our vehicle cabin experts at Bauma to discuss how we can further support you.

Steel Fabrications - modern manufacturing

Fortaco is the largest manufacturer of steel fabrications in Europe. We are focusing on quality, delivery performance, and productivity in our manufacturing operations. Based on our long history in steel processing, we have established ourselves as a benchmark and reliable partner to our customers. We support you on product design and manufacturability to ensure the most efficient manufacturing process with right quality and right price. This makes us a genuine manufacturing partner from design-to-manufacturing including sourcing, inspection, testing and delivery to the final destination.

Fortaco Assembly - system integrator​​​​​​

​Fortaco provides with a full range of services starting from the basic assembly labor content to sourcing and purchasing services, including all related logistics handling, where Fortaco can take the material responsibility. In addition, Fortaco Technology provides engineering services as from concept design up to final assembly and testing with the full pre-dispatch inspection to assure the highest quality standards and direct shipment to customers’ distribution network or even to end customers.

See you at Bauma

Our experts on technology, vehicle cabins, steel fabrications, and assemblies will tell you more about the latest news in the areas of technology and manufacturing. Take this opportunity and visit us on Fortaco booth A6.225.

Our team wishes you most welcome – see you at Bauma.

Lars Hellberg
President & CEO


Acquisition completed

​Acquisition of Fortaco Group by One Equity Partners from the funds managed by CapMan Buyout, announced on 8 July 2022, has been completed on 30 September 2022. Under the ownership of One Equity Partners, Fortaco will continue to be a leading strategic partner to the heavy off-highway equipment and marine industries offering technology, vehicle cabins, steel fabrications, and assemblies to global OEMs.

We believe this new ownership will facilitate the further value creation of Fortaco for the benefit of its current and future customers and other stakeholders.

For more information:

Lars Hellberg
President & CEO
Fortaco Group
+358 40 572 9488


The Annual Meeting Point

Autumn is coming, business is rolling, and Subcontracting Trade Fair is approaching.

Welcome to meet the Fortaco team at the annual Subcontracting Trade Fair in Tampere on 27-29 September.

Let us exchange ideas and explore how we can support your business on its journey to success.The event venue is Tampere Exhibition and Sports Center, and you can find our team at a stand A 630.

In three days, Subcontracting Trade Fair, Finland’s leading industrial event will offer visitors a unique overview of the industry’s prospects and future. It is an event, where various innovations are exhibited, including products, services, production methods and processes, materials and components.

Register for free entrance, click here.

See you in Tampere!
Team Fortaco


Smart potentialities

Innovative and fertile meeting with Kalmar in Ljungby, Sweden.

Lars Hellberg, President & CEO and Rafal Sornek, Senior Vice President, Technology from the Fortaco team visited Kalmar’s Service organization in Kalmar Innovation Center. Kalmar team was represented by Peter Berndtson, Thomas Malmborg and Frederik Fogelklou.
Teams had great and intensive discussions around the circular business models and new approach enabled by Fortaco’s SmartSteel project.

SmartSteel is a data-based lifetime concept, measuring residual lifetime to help customers make decisions about the reuse, refurbishment or re-manufacturing of machines. This is supporting a circular economy regardless whether a diesel or electric driven machine.

Kalmar’s state of the art facility has been designed to support new collaborative ways of working with modern architecture and cutting edge technology, and it provides a showroom for customers to learn about Kalmar’s latest innovations and test Kalmar solutions.