HydraSpecma has delivered its fifth consecutive quarter of solid growth, driven by continued demand from both existing and new customers. This strong performance has laid the foundation for our best-ever full-year result.

In Q4, HydraSpecma achieved organic growth across all industrial segments and geographic markets. Construction Equipment, Material Handling and Agriculture were the strongest growth drivers during 2021.

Throughout 2021, HydraSpecma significantly expanded its production capacity in Sweden and China, while construction of a new factory in India is currently underway. All this to accommodate current and future growth from both existing and new customers.

“Supply chain turbulence and logistical bottlenecks have unfortunately continued. However, our relatively large inventories across 10 countries, a dedicated supply base combined with our global manufacturing and sourcing strategy – “in the region, for the region” – have helped tremendously in limiting the impact at customer level in this very challenging business-environment”, Morten Kjær, Group CEO, explains.

An overall solid and satisfying full year for HydraSpecma exceeding our expectations, delivered by our impressively agile and highly customer-oriented employees – THANK YOU!

“We continue to invest in technology and electrification to be able to support our customers accelerated green transition towards more efficient and fossil free machines, while ensuring that responsible business continue to be a vital part of our heritage.”, Morten Kjær, Group CEO, concludes.