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