Message from the CEO
Drillcon Group's quarterly and annual reports.
2024 - Summary
DRILLCON Q3 REPORT
The third quarter is characterized by lower turnover, which was expected and has been mentioned in previous reports, as operations in the Americas were wound down and the comparative quarter also included operations in Ireland, which were then paused. At the same time, there have been unplanned production disruptions due to geological challenges both within Iberia and Scandinavia. Expectations for future production in the basic industry have slow a little, while production in the steel industry is expected to have a minor decrease in the short term. Prices of base metals and iron ore have fallen somewhat from the previously historically high levels but are still on a good level. Despite a volatile environment, the underlying demand at Drillcon remains stable and there is a good willingness to invest from customers. Our journey in the digital transformation continues at the same time as the organization shows the power to act in the face of challenges. We continue to have safety and productivity as our primary goals, while striving to foster innovation and engagement among our employees. Challenges that are in Iberia will also affect q4 volume and results.
Patrik Rylander - CEO