July 24, 2016 12:40 AM ET

Building Products

Company Overview of GS-Hydro Oy

Company Overview

GS-Hydro Oy manufactures and supplies non-welded piping systems and components for hydraulic and other low/high pressure applications. It offers flare flange systems, retain ring systems, tubes and pipes, multicore tubes, clamps, valves, bite type fittings, flare fittings, hoses and couplings, adaptors, and machines. The company also provides engineering, prefabrication, hose management, installation, documentation, and on-site services. It serves offshore and marine industries; and land-based industries, such as pulp and paper, metals and mining, and testing equipment industries worldwide. The company was founded in 1974 and is based in Espoo, Finland. It has subsidiaries in Brazil, China, ...

Bertel Jungin aukio 7

Espoo,  02600

Finland

Founded in 1974

Phone:

358 3656 41

Fax:

358 3653 2998

Key Executives for GS-Hydro Oy

Chief Executive Officer and President
Age: 55
Chief Financial Officer
Managing Director of GS-Hydro Brazil
Managing Director of GS-Hydro Benelux
Head of Corporate Communications
Age: 54
Compensation as of Fiscal Year 2016.

GS-Hydro Oy Key Developments

GS-Hydro Announces Management Changes

GS-Hydro announced that Juha Silvennoinen has been appointed the new CEO. Juha most recently worked as President, Services in Metso Minerals, responsible for one of three global divisions. He will start on 16 November and will succeed Pekka Frantti, who has chosen to resign after five years in the position.

GS-Hydro Announces Earnings Results for the First Quarter Ended March 31, 2015

GS-Hydro announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of SEK 320 million against SEK 285 million a year ago. EBITA was SEK 8 million against SEK 12 million a year ago. Adjusted EBITA was SEK 10 million against SEK 12 million a year ago. Good development in both the marine and land-based customer segments but continued weak trend within the offshore segment. Weak development in Norway had negative impact on earnings and efficiency improvement measures have been initiated. Profit before tax was SEK 4 million compared to SEK 7 million a year ago. Interest-bearing net debt at March 31, 2015 was SEK 384 million.

GS-Hydro Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

GS-Hydro announced earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of SEK 352 million against SEK 320 million a year ago. EBITA was SEK 28 million against SEK 16 million a year ago. Adjusted EBITA was SEK 28 million against SEK 16 million a year ago. For the year, the company reported net sales of SEK 1,315 million against SEK 1,237 million a year ago. EBITA was SEK 100 million against SEK 83 million a year ago. Adjusted EBITA was SEK 103 million against SEK 83 million a year ago. Loss before tax was SEK 6 million against SEK 13 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 2, 2015
First Hose Ltd.
 

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