December 28, 2014 7:34 PM ET

Building Products

Company Overview of Sanitec Oy

Company Overview

Sanitec Oy produces and sells ceramic sanitary products. Sanitec Oy was formerly known as Sanitec Europe Oy. The company was founded in 2005 and is based in Helsinki, Finland. Sanitec Oy operates as a subsidiary of Sanitec Oyj.

Helsinki,  

Finland

Founded in 2005

Key Executives for Sanitec Oy

Sanitec Oy does not have any Key Executives recorded.

Sanitec Oy Key Developments

Sanitec Corporation Announces Executive Changes

The Board of Directors of Sanitec Corporation appointed Peter Nilsson as new Managing Director and CEO of Sanitec, after previous Managing Director and CEO, Bengt Pihl, resigned. Peter Nilsson who since September 2008 acted as Chairman of Sanitec, has long experience of senior management positions as CEO of Duni, among others, and is currently Chairman of Securitas Direct. Peter Nilsson will, as a consequence of the appointment step down from his position as Chairman of the Board of Sanitec. Fredrik Cappelen will be appointed new Chairman of the Board. Fredrik Cappelen was Managing Director and CEO of Nobia 1995-2008 and is, among others, member of the Board in Securitas AB and Munksjö AB.

Sanitec Corporation Reports Earnings Results for the Second Quarter and Six Months of 2013

Sanitec Corporation reported earnings results for the second quarter and six months of 2013. The company reported net profit attributable to the equity holders of the parent for the second quarter of 2013 was EUR 13 million or EUR 13 per share compared to EUR 17.1 million or EUR 17.1 per share for the second quarter of 2012. Net sales for the second quarter of 2013 were EUR 182.2 million compared to EUR 196.3 million for the second quarter of 2012. Net profit attributable to the equity holders of the parent for the six months was EUR 23.1 million or EUR 23.1 per share compared to EUR 41.1 million or EUR 41.1 per share for the first half of 2012. Net sales were EUR 358.9 million compared to EUR 398.5 million for the first half of 2012.

Sanitec Corporation Reports Earnings Results for 2012

Sanitec Corporation reported earnings results for 2012. The company has generated an EBITDA of EUR 107.6 million in 2012.

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