Krimelte is a Wolf Group company that exports almost 95% of its production. Krimelte’s 2010 Q1 sales rose by more than one-third in comparison to 2009, amounting to 118.5 million EEK. The company predicts that the growth trend of Q1 will continue into the second quarter of 2010.

The Q1 results were positively affected by the increase in export and domestic sales and by the more stabilised conditions on export markets. “Despite the long rough winter, which postponed the start of the construction season throughout Europe, we were satisfied with our growth performance in Q1. With the stabilisation of the global export markets, we hope that the positive trend in Krimelte’s sales will continue for the remainder of the year,” said Mr Alar Salum, Krimelte’s Managing Director.

According to Salum, Q1 sales picked up strongly on all of Krimelte’s markets. “Expanding our operation and increasing our market share have always been important goals for us. Today, we are happy to say that the penetration of the Brazilian market – which was successfully launched last year – is going according to plan. Also, we have seen surprisingly positive developments in Japan and on several other markets. In the second half of the year, we expect to see particularly positive developments in Ukraine, Bulgaria, and Romania,” expressed Salum.

Mr Tiit Arro, Managing Director of Impextra OÜ, another Wolf Group company (which focuses on the Baltic and Scandinavian markets retailing breathing wall systems under the Tempsi brand), predicts that the renovation market will see more activity in Q2. “I am sure that the cold and harsh winter has made many home-owners see the shortcomings in the insulation of their homes,” said Arro.

Established in Estonia, Krimelte has become the leading European manufacturer of construction adhesives and sealants, and has received the “Exporter of the Year” title several times. Krimelte has production facilities in Estonia, Russia, and Demark. The company’s export network includes, among others, UK, Ireland, Norway, Sweden, Finland, Romania, Croatia, Spain, Germany, Ukraine, Japan, and Russia.

In autumn of last year, Krimelte decided to unite all of the group’s companies involved in sales and production under a single umbrella brand called Wolf Group. In addition to Krimelte’s sales and manufacturing companies in Estonia and abroad, Wolf Group also includes the PENOSIL and Tempsi brands.

For 2009, Krimelte reported a consolidated sales revenue of 813 million EEK, and an operating income (EBIT) of 64 million EEK.

For more information:
Alar Salum
Managing Director of Krimelte 
Tel.: +372 605 9300

Iveri Marukashvili
Communications Manager for Krimelte
Tel.: +372 53 411 813