Small residence manufacturer Jukkatalo files for financial disaster – the organization is in the center of dozens of production initiatives

On Monday, Jukkatalo filed for financial ruin in the Oulu district court docket.

Finn small house manufacturer Jukkatalo has filed for bankruptcy.

According to the insolvency sign up maintained via the Legal Registry Center, the company has filed a financial ruin petition with the Oulu District Court on Monday.

According to the organisation’s personal phrases, its destiny turned into, as an example, the corona pandemic and the struggle in Ukraine.

“During the corona pandemic, enterprise became appropriate, but the dramatic upward thrust in uncooked material fees and availability demanding situations raised prices and made it difficult to perform projects,” the organization writes in its press release.

Jukkatalo says that the upward thrust in hobby prices collapsed the demand for new production.

According to the employer, the modern year’s shipping volumes might were handiest a fraction of the quantity of preceding years.

“We have dozens of creation projects in development and the financial disaster makes it hard for these initiatives to development. I am extraordinarily sorry that we have been now not able to deliver on our promise of trust and peace of thoughts”, says the CEO of Jukkatalo Ilkka Sydänmetsä in the bulletin.

According to the enterprise, the fall apart in creation also affected its construction commercial enterprise clients. The business enterprise employed a sizable variety of subcontractors and their personnel in addition to other companions at its web sites.

In addition to our own personnel, approximately 500 humans worked at Jukkatalo’s sites closing yr.

Jukkatalo last 12 months’s turnover become extra than 95 million euros. However, the running income fell through EUR 4.6 million right into a loss. In 2022, the corporation hired more than 230 people.

I advised you about the financial disaster software in advance Construction mag.

Jukkatalo, originating from Pyhänna, has been running due to the fact 1968. In the beyond, the agency has additionally emerge as called Pyhännän Rakennustuote. Jukkatalo is one of the largest small residence developers in Finland.

Jukkatalo grew very fast in current years. For example, as recently as 2015, the enterprise’s turnover changed into around 20.Eight million euros, and last yr it became already over 95 million. Turnover expanded with the aid of approximately 356 percent at some stage in that point.

Last 12 months by myself, the organization stated it had built more than 500. Turnover expanded through about 32 percent in 2021–2022. At the equal time, the range of employees extended via 20 percentage to extra than 200 human beings.

In 2022, Jukkatalo turned into selected for the 14th time in a row as Finland’s most trusted house package emblem.