On this page you will find quarterly financial reviews, annual financial statements as well as other useful information for investors.
Terms & Conditions of Sentiec Oyj’s Senior Secured Floating Rate Bonds
(ISIN: SE0015503495)
Welcome to Citec's investor pages
Quarterly Financial Reporting
REGULATORY RELEASES
Citec in brief
Our mission is to provide right quality engineering in a flexible, cost competitive, safe and sustainable way.
At Citec we are committed for quality. The Management has the ultimate responsibility for enforcing the Quality Policy, but we think that the responsibility for correct quality lies with everyone in the organisation, and that it is every employee’s duty to follow up and fulfill the agreed procedures and instructions. We are also committed to improving and maintaining the effectiveness of the Environmental aspects, objectives and targets as stated in our Environmental policy.
In 2020 Citec Group’s full year revenue was 73 million euro with 10% EBITDA. Our medium term target is to reach more than 100 million euro in revenue and 10% EBITDA level.
With 80% Sentica Partners is Citec’s major shareholder. Citec’s founder Rune Westergård owns 17% and Citec management the remaining 3%.
Holding company Sentiec Oyj is the parent company of all Citec Group companies.
Johan Westermarck is CEO of both Citec and Sentiec.
Corporate Responsibility
Citec Operational Framework is the basis for Environmental, Social and Governance (ESG) at Citec. Within the Operational Framework, the Citec Operational policy and Citec Code of conduct govern ESG decisions and actions with a wider perspective. Citec processes are aligned over the organisational and country boarders in order to secure quality, efficiency and transparency by all. We also follow the UN Global Compact principles and Citec is proactively communicating and training personnel in the ESG matters.
Wärtsilä Energy transfers certain activities to Citec in Finland
Wärtsilä Energy has decided to increase its flexibility in close collaboration with its long-term engineering partner Citec. Wärtsilä is transferring certain mechanical & civil project engineering, project quality assurance and module & component change orders and product care activities to Citec as of October 1, 2021. Approximately 40 employees, located in Vaasa, Finland, will consequently be transferred as so-called old employees to Citec Oy Ab.
Contact information
