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
Sentiec Oyj – Conditional Call Option Notice
Sentiec Oyj – Notice of Withdrawal of Call Option
Sentiec Oyj – Update regarding Cyient acquisition and redemption of bonds
(ISIN: SE0015503495)
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 2021 Citec Group’s full year revenue was 80 million euro with 10% EBITDA. Our medium term target is to reach more than 100 million euro in revenue and 10% EBITDA level.
With 79% Sentica Partners is Citec’s major shareholder. Citec’s founder Rune Westergård owns 17% and Citec management the remaining 4%.
Holding company Sentiec Oyj is the parent company of all Citec Group companies.
Johan Westermarck is CEO of both Citec and Sentiec.
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.
Our 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 proactively communicate and train personnel in the ESG matters.
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.
