Another excellent year for MSc
MSc financial statement for the year 2020 has been finalized. MSc companies (MSc Electronics Oy and MSc Traction Oy) combined turnover reached 3,0 million Euro with the EBIT of 10%.
We are extremely happy to announce this excellent result despite the challenging global situation. We were also able to close significant deals which further strenghten our business for this year. Our financial status remains very strong.
MSc started also several major R&D projects during 2020 which will lead to new product launches and tailor made customer solution during the 2nd half of 2021.
”We are extremely happy about our result in 2020. We have made strong investments on the R&D of the future products and still reached EBIT of 10% simultaneously. Our long term hard work is bringing results and the future of MSc looks very bright. We’ll now focus on completing the projects and have already started to strenghten our sales and production organization to make successful market entry with the new products.”, says Pekka Seppälä, CEO of MSc.
Stay tuned for further exciting news from MSc!