Production economics assignment 1

Serres Oy

Group 6Christian ÖstmanKenneth OldenburgMikael Hellman

The Company

Finnish company that manufactures healthcare and HVAC products

Founded in 1973 by Erkki Jyllilä

Has its headquarter and factory in Kauhajoki, Finland

110 employees (2008)

The company

limited liability company

Owned by the Jyllilä family

842 shares issued- share capital 8420 €

Is not listed on any stock exchange

Products

Two brands- Serres(hospital division) and Vieser(HVAC)

Serres- Suction bag systems and suction tubes

- Market leader in Scandinavia- Number 2 in Europe

- No 1 manufacturer in Europe

- 90 % export

Vieser- HVAC (heating, ventilation, air condition) solutions, water traps, grating and floor drains

- Scandinavia, 20 % export

Products

Hospital products

HVAC products

Numbers

sales revenue of 14.6 mill. € in year 2007 and 19 mill. in 2009

Steady growth since year1973

ROCE 40,2 %

Equity ratio 88,76 %

Net profit 3.005 mill. €

Sales revenue 19 mill. €

Numbers

Own reflections

Environmental facts couldn't be found by company

We think this company could offer a good employment

It would be an Ok investment but as it’s not listed on any stock exchange and the Jyllilä family owns the shares it might be pretty impossible to buy any

Production economics assignment 1

Thank you fo

r liste

ning….

questions?