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Gender, Ethnicity, Disability and Universal Design
The Group aims to be a workplace offering equal opportunities
to men and women. In recruitment, we do not discriminate
on the basis of gender. The business aims to fulfil the
intentions of the Anti-Discrimination and Accessibility Act,
and also meets requirements for universal design through its
planning of buildings and facilities.
Of the company’s 332 employees in the reporting year, there
were 38 women and 294 men; 35 women were employed
in administrative positions and three in production. On 31
December 2014, two women and 27 men held Management
positions in the Group. Our sector is male-dominated, but
the company emphasizes the importance of recruiting both
women and men.
During the reporting year, no special measures have been
implemented in connection with discrimination on the basis
of gender, ethnicity or disability nor have we found it
necessary to plan special measures in this area. Our new office
building which is under construction, meets the requirements
for universal design.
Future Development / Financial Risk
The Group operates in a global market with an export ratio
that ranges from 65% to 85% of our revenues. The uncertainty
in the financial market combined with the current period of
lower oil prices affects our market.
However, as we are exposed to a variety of segments we
experience the current market as satisfactory. We have a
stable and good market share in the niches in which we are
active, and our development in the After-Sales service market
remains positive. We have had a normal order inflow in 2014.
The order situation for 2015 and 2016 currently appears to be
satisfactory. The Group has a good reputation and a strong
position in the market, with a product range under continuous
development. The Group remains focused on continuously
developing and offering new products.
Work is in progress on many interesting projects with promising
prospects for further order inflow. Due to overcapacity in the
market, price levels are under pressure. The trend in the NOK
exchange rate in the second half of 2014 has been positive in
terms of international competitiveness.
The Group has a number of processes in progress to streamline
our production to meet ever tougher competition in our
market segments and to fulfil our customers’ requirements
and wishes.
The Group has a strong financial position and the credit risk
of outstanding receivables is regarded as low.
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