Infor­ma­tion on how Oilon Group Oy has pre­pa­red for the Covid-19 pan­de­mia

Despite the ongoing Covid-19 pan­de­mia, Oilon aims to serve its cus­to­mers the best pos­si­ble way,  taking into account the local offi­cial rules and legis­la­tion as well as the safety of our cus­to­mers and per­son­nel. Our goal is to deliver nor­mally the already exis­ting orders as well as the future ones. Should there be any  changes with our ability to deliver, we will notify imme­di­a­tely on a case by case basis. From Cus­to­mer Service per­spec­tive, we aim to deliver all urgent orders, paying atten­tion to the limi­ta­ti­ons and inst­ruc­tions given by autho­ri­ties, cus­to­mers and Oilon as a company.

Com­pa­red to the current offi­cial inst­ruc­tions, Oilon has intro­du­ced even heavier inter­nal rules to mimi­nize the infec­tion risk and to ensure the full capa­bi­lity of our func­tions on a daily basis. We will con­stantly  and tho­roughly  follow up the Covid-19 situa­tion by Oilon CEO, HR Manager and requi­red experts. We have limited all exter­nal con­tacts to minimum. All inter­nal con­tacts have also been limited and e.g. remote working, if app­li­ca­ble, and remote mee­tings are part of our daily busi­ness pro­ce­du­res. Every inter­nal func­tion and orga­niza­tion is equip­ped with well func­tio­n­ing remote tools in order to be able to handle the daily work despite restric­tions.

Oilon has a strong eco­no­mic posi­tion. In 2019, Oilon’s tur­no­ver grew by 4 % and the balance sheet streng­t­he­ned dis­tinctly. The invoi­cing during the first quarter of the year 2020 has decrea­sed com­pa­red to the situa­tion in 2019, however, the order book for the coming quarter is larger than last year. Covid-19 will cer­tainly have some impact on Oilon’s 2020 finan­cial result, however the company’s overall posi­tion remains strong with the expec­ted length of this excep­tio­nal situa­tion.

Oilon’s ability to deliver is cur­r­ently almost normal. All Oilon fac­to­ries in Finland, China, USA and Russia are running nor­mally. Some sub­con­trac­tors have infor­med deli­very chal­len­ges mainly in heat pump busi­ness. Addi­tio­nal dif­fi­cul­ties are faced due to decrea­sed freight ship­ping capa­city mainly con­cer­ning air freight. Com­pa­red to indus­try average, Oilon has larger amount of stored com­po­n­ents, and, in addi­tion, the company has increa­sed the amount of stored cri­ti­cal com­po­n­ents for the stan­dard pro­ducts to mini­mize deli­very dis­rup­ti­ons. Oilon is obser­ving its sub­con­trac­tors’ ability to deliver on a daily basis with reviews led by Oilon’s Pro­duc­tion Direc­tor and will act imme­di­a­tely in case any devia­tion should occur.

We hope for open com­mu­ni­ca­tion from our part­ners. In case of any devia­tion, we ask imme­di­ate reac­tion to be able to operate as nor­mally as pos­si­ble during this excep­tio­nal time.

Lots of strength for all of us!

Tero Tulokas
CEO, Oilon Group Oy