A WORD FROM THE CEO
In 2020 Ergofast has experienced an increasing demand in most product areas, despite a challenging and volatile market due to the Corona Pandemic. The larger distributors and rental companies have strengthened their position in the market and increased their purchases from Ergofast. The Swedish Krona has been more stable during 2020 and the impact on the result is less than previous years.
Ergofast has implemented a new more efficient and sales focused organisation during 2020. The increase in sales in combination with the more cost efficient organisation has resulted in a considerable increase in profitability.
During 2020 Ergofast has benefited from the new supplier MEFA for the installation products and MKT for the fastening products and continued to gain competitiveness. Ergofast has started to grow with the HolzTechnic products in the fastening segment for wood construction, which is expected to grow rapidly in the coming years.
Ergofast is perceived as a professional supplier in the market for fastening in the construction and infrastructure business in Sweden and Norway. The business model is to provide products, solutions and services to the leading rental companies, distributors and concrete prefabrications industries.
With industry leading suppliers as MAX, MEFA, HolzTechnic, MKT and Ergofast´s own brand, Ergofast offers top class premium products and systems for fastening and installation. Combined with the knowhow of Ergofast´s experienced sales engineers this makes us competitive and forms a solid foundation for future growth.
With the continuation of the successful business plan implemented in the recent years, the implementation of the new efficient organisation combined with the new product areas, Ergofast expects to be successful in the market and continue to grow its sales and profits. / Kristian Henningsson, CEO.
IMPORTANT EVENTS IN 2020
- Launch of the new class leading MAX Rebar tying tool RB401T-E with long handle along with the RB 441 T and the RB 611 T Twintier for larger Rebars.
- Launch of MEFA installation products- and systems Stex 35/45 and Centum for large heavy applications in industry and refinery.
- Launch of the new much more user friendly Ergofast home page in Norway and Sweden.
- Launch of HolzTechnic products for specialized fastening in wood constructions.
- Implementation of a new more efficient organisation for growth in sales and profitability.
- Finalization of Ergofast´s Pro Fastening Centre concept including the renovation of the Gothenburg premises.
Fairford has for many years had an exposure towards the construction industry and we believe that it makes sense to maintain this exposure in our portfolio. The construction industry is cyclical in its nature but it is a market which is here to stay for the long term and that makes Fairford and our investment horizon a suitable owner.
Ergofast’s business in specific is fundamentally based on making its clients’ operations more efficient, ergonomic and safe which are trends that are strengthening in the market and attributes that we easily can relate to as owners of the company. In Ergofast we see our platform to broaden our interests in specific niches of the construction industry.