OREANDA-NEWS. April 24, 2012. 2011 was the first year that the Euro was current in Estonia and it was also the year when the Group reinforced its position in existing markets, reported the press-centre of Harju Elekter.

All our subsidiaries and related companies were able to increase their net sales and operating profits when compared with the previous year. European and the world banking problems did not affect our company much as most of the trade carried out by the Group takes place within the euro zone. Simultaneously with the economic recovery and the increase in the amount of orders we abandoned our policy of shortened working hours and found extra resources to increase the salaries of our employees.

It is encouraging to recognise that people who work for us appreciate the stability of the company and believe in its positive future perspective.

The year 2011 audited annual report of AS Harju Elekter is available on the Internet homepage of NASDAQ OMX Tallinn
and on the company's homepage http://www.harjuelekter.ee/public/files/HE_aastaaruanne2011_eng.pdf