Planmeca awarded for financial performance
HELSINKI, Finland: Kauppalehti, one of Finland’s largest financial newspapers, has named dental equipment manufacturer Planmeca a 2013 Achiever. The Achiever certificate is awarded annually to companies in Finland with solid growth, good financial results and profitability, a strong financial structure and high liquidity.
The Planmeca Group announced that it has been granted Achiever 2013 status for its financial performance, rated according to six key indicators, including increase in turnover, return on capital, net profit and net loss. The analysis was undertaken based on financial statement data from January 2013.
According to the company, Planmeca’s budgeted turnover for 2014 is €800 million. As reported by Dental Tribune ONLINE, the group recently made a significant strategic investment in CAD/CAM technology by investing in US-based medical device company E4D Technologies. The venture has established a new strategic partnership between the companies and will further strengthen Planmeca’s position in the dental equipment and software business.
“Planmeca believes in the tremendous possibilities and growth of 3-D and computer-aided dentistry. As dentistry will be completely digital in the future, we want to be at the forefront in developing new and efficient practices. We have also invested in new training, warehouse and production facilities alongside the Helsinki headquarters, as we need to provide extensive CAD/CAM training for our distribution and customer network in over 120 countries. These new 10,000 sq. m. facilities will help us address the growing need for training and education in this new field of dentistry,” Heikki Kyöstilä, President of the Planmeca Group, concluded about the company’s future prospects.
Kauppalehti undertakes an annual analysis of the performance of about 320,000 companies in Finland on the basis of their financial statement data. To date, only 5 per cent have met the newspaper’s criteria for Achiever classification.