Busy Anniversary Year of 2024: Growth, Challenges, and Achievements

Escarmat’s 30th anniversary year was dynamic and meaningful, as the largest delivery volume in the company’s history took place during this year, making it particularly busy, says the CEO, Kari Olkinuora.

– During our busiest production season, we successfully completed a brand renewal and revealed our new logo. The new logo generated excitement and positive responses both within the company and externally.

Adapting to Customer Needs

The year 2024 was significant for us in many ways – our revenue grew by an impressive 50.5%, and our workforce grew, including both permanent and temporary employees.

Our growth is based on our ability to listen to customers and adapt our operations to meet their needs.

Despite a significant increase in our order volume, we succeeded in adapting to our customers’ changing needs, maintaining flexibility, and scheduling orders in a controlled manner.
Even during occasional production peaks, we maintained excellent delivery reliability of 98.51% in the last fiscal year. Smooth operation was also supported by improved component availability compared to previous years.

Challenges and Lessons

The increasing workload brought not only opportunities, but also some challenges related to space utilization, quality requirements, and the orientation of new employees.

The record busy year gave us important lessons on developing our operations. In addition, our company’s key value – putting employees first – became even clearer, emphasizes the operational director, Tomi Korkeavaara.

– When the workload intensifies and the pressure mounts, it becomes more important than ever to ensure the well-being and resilience of our staff. This involves not only supporting the well-being of current employees but also carefully onboarding new hires.

Valuable experience to support future development projects

The year 2024 was overall a very good year for us. Although we do not expect the same level of progress to continue, the valuable knowledge and experience we have acquired will undoubtedly guide our future development projects.

We want to continue to evolve in line with the needs of our customers. We are a company that is constantly renewing and forward-looking, growing alongside with our customers. When our customers succeed, it directly reflects on us and inspires us to constantly develop our operations.

According to our long-term strategy, our goal is to consolidate our operations under the same roof by the end of 2027. Currently, we operate from two different locations, in Vaasa and Vikby, Mustasaari. Merging will improve working conditions, reduce logistical challenges, and strengthen teamwork, while promoting efficiency, sustainability, and continuous improvement.

Read why we renewed our logo this year.