Harju Elekter
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Harju Elekter
Harju Elekter (or Harju Elekter Group) is Estonian concern which deals mainly with manufacturing of MV/LV electrical equipment. The company traces its history back to 1968, when electrical equipment began to be produced in Keila. Subsidiaries The Group's subsidiaries are as follows: *Harju Elekter Elektrotehnika *Satmatic Oy (Finland) *Finnkumu Oy (Finland) *Harju Elekter UAB (Lithuania) *Harju Elekter AB (Sweden) *Harju Elekter Kiinteistöt Oy *Energo Veritas OÜ *Telesilta Oy *SEBAB AB *Grytek AB. As of 2019, by revenue of 29.1 million euros, the Group is 10th in Estonia. In 2020, the company earned sales revenue of 146.6 million euros, of which 85% came from the sale of electrical equipment. Operating profit was 6.5 million and net profit was 5.6 million euros. Since 1997, the Group is listed in Nasdaq Tallinn The Nasdaq Tallinn AS, formerly known as the Tallinn Stock Exchange, is a stock exchange operating in Tallinn, Estonia. Nasdaq Tallinn is the only regulated seconda ...
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Estonia
Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, and to the east by Lake Peipus and Russia. The territory of Estonia consists of the mainland, the larger islands of Saaremaa and Hiiumaa, and over 2,200 other islands and islets on the eastern coast of the Baltic Sea, covering a total area of . The capital city Tallinn and Tartu are the two largest urban areas of the country. The Estonian language is the autochthonous and the official language of Estonia; it is the first language of the majority of its population, as well as the world's second most spoken Finnic language. The land of what is now modern Estonia has been inhabited by '' Homo sapiens'' since at least 9,000 BC. The medieval indigenous population of Estonia was one of the last " pagan" civilisations in Europe to adopt Ch ...
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Concern (business)
A concern (german: Konzern) is a type of business group common in Europe, particularly in Germany. It results from the merger of several legally independent companies into a single economic entity under unified management. A concern consists of a controlling enterprise and one or more controlled enterprises.Stock Corporation Act 1965 (Germany), section 17 The relationship between the controlling and controlled enterprises is based on the actual commercial and management relationships, unlike parent and subsidiary companies which are related by share ownership and voting rights.Stock Corporation Act 1965 (Germany), section 16 Outside of professionals, the term ''Group'', also mistakenly ''within the meaning of large companies'' – regardless of its corporate structure – is understood. The Group concept is one of antitrust relevance: the so-called Group privilege, the privilege of the consolidated Group companies involved, means that in itself, prohibition included practices do ...
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Electrical Equipment
Electric(al) devices are devices that functionally rely on electric energy ( AC or DC) to drive their core parts (electric motors, transformers, lighting, rechargeable batteries, control electronics). They can be contrasted with traditional mechanical devices which depend on different power sources like fuels or human physical strength. Electronic devices are a specialized kind of electrical devices in which electric power is predominantly used for data processing rather than the generation of mechanical forces. To better differentiate between both classes, electric devices that emphasize physical work are also called electromechanical. Mechatronics accentuates the intersection of both fields. Together, electronic and electric devices, their development, maintenance, and power supply comprise the subject of electrical engineering. The majority of electric devices in households is stationary and — due to their considerable power consumption — relies on electrical ins ...
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Keila
Keila (german: Kegel) is a town and an urban municipality in Harju County in north-western Estonia, 25 km southwest of Tallinn. Keila is also the location of administrative buildings of the surrounding Keila Parish, a rural municipality separate from the town itself. History The oldest traces of human settlement in Keila trace back 2000 to 3000 years BC. Around 1000 years ago the village of Keila was established along the Keila river. In 1219 the Danish conquered Northern-Estonia and chose Keila as the site on which the Vomentakæ parochial Revala county church was to be built. The first church was a small wooden structure dedicated primarily to St. Michael which was replaced with a stone church at the end of the 13th century. Subsequently, the first written mention of Keila (''Keikŋl'') comes from Danish evaluation book writings in 1241. In the 15th-16th century, a settlement comprising some tens of buildings and a hundred people formed around the church. At the same ti ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead (business), overhead, wages, costs, and Profit (accounting), markup. Traditionally, professionals in the United Kingdom (and previously the Repu .... This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, in the balance statement, revenue is a subsection of the ...
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Nasdaq Tallinn
The Nasdaq Tallinn AS, formerly known as the Tallinn Stock Exchange, is a stock exchange operating in Tallinn, Estonia. Nasdaq Tallinn is the only regulated secondary securities market in Estonia. The major stock market index is Nasdaq Tallinn, formerly known as TALSE. History The foundation of Estonian Central Securities Depository in 1994 created the basis for the development of the secondary market based on electronic trading system. This was realized with the founding of the Tallinn Stock Exchange in April 1995 by 10 commercial banks, 9 brokerage firms and state players (Hüvitusfond, Bank of Estonia, and Ministry of Finance), equal holding of each of them. Licensed by the Ministry of Finance, Tallinn Stock Exchange opened for trading on May 31, 1996 with 11 securities listed. June 3 was the first calculation day for the TALSE index. In 1999 September 24, The alliance of Nordic Exchanges (NOREX) formally invited Tallinn Stock Exchange, alongside Riga Stock Exchange and th ...
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