Ramudden
Sustainability report 2021
This is Ramudden
12
Business environment and market
A really good year – despite the pandemic Ramudden has managed to navigate forward with unchanged strength in the wake of the pandemic, despite continued uncertainty about developments. The year has been marked by continued high demand for our services, thanks in no small measure to municipal investments that increased in the second half of 2021. Our market prospects are largely determined by major global trends linked to increased safety awareness, demographic changes with population growth, new digitalisation opportunities and a better understanding of how we need to adapt to climate change. Here, we can see that interest in our work site safety services has remained strong: 2021 was our best year ever. Strong recovery That said, the situation has varied from country to country. In Norway, we saw a fantastic recovery after a weaker 2020 and grew by 43 percent in net sales. Sweden and Finland saw a more cautious start to the year, especially in terms of investment from the municipal side of things. After the summer, that barrier was lifted and activity increased. The final figures were 10–15 percent higher than in previous years in both countries. Continued impact from the pandemic Of course, like everyone else, we have also been affected by the ongoing pandemic. These factors include hesitation on the part of our clients, concern for employee health, restrictions and community closures. We have also seen disruptions in supply chains, with significant increases in shipping and material costs. That said, we are very confident about the future as our infrastructure investments are continuing and our offering stands up strongly to competition.
Our market in figures, 2021/2022 Our market is largely made up of needs arising from public and municipal infrastructure investments. Forecasts look bright, with continued investment in roads and buildings: • The Swedish Transport Administration, our biggest customer in Sweden, estimates in its long-term forecast to 2040 that growth will increase for all modes of transport, driving the need for roads. • Construction investments increased by a total of around three percent in 2021 after remaining broadly unchanged in 2020. • Total investments in fixed assets, private and public, fell by a combined 3 percent in 2021. The second half of the year showed a recovery in investments after the pandemic, a trend that is likely to continue in 2022. The figures are for Sweden and come from the Swedish Construction Federation’s economic forecast and the Swedish Transport Administration.
“We can see that interest in work site safety services has remained strong.”
