AS Harju Elekter Group.
The first quarter of Harju Elekter proved significantly more challenging than anticipated, and the results did not meet expectations. While the strong order book at the beginning of the year provided a basis for steady growth, several factors hindered the planned course of activities and affected the ability to fulfil orders within the agreed timeframes. The primary reason for the weak financial performance included disruptions in the supply chain – deliveries of various materials and components were delayed or postponed by manufacturers, which in turn caused the fulfilment of orders to shift into future periods. Although the order book remains substantial, rapid cost reduction is not possible without risking the ability to respond quickly enough to a subsequent increase in demand. Retaining competence, ensuring team readiness, and maintaining the…
