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