{"id":769,"date":"2023-06-06T09:00:00","date_gmt":"2023-06-06T07:00:00","guid":{"rendered":"https:\/\/www.elementlogic.net\/?p=1367"},"modified":"2024-12-16T10:18:59","modified_gmt":"2024-12-16T10:18:59","slug":"another-record-year-for-element-logic","status":"publish","type":"post","link":"https:\/\/www.elementlogic.net\/uk\/news\/another-record-year-for-element-logic\/","title":{"rendered":"Another record year for Element Logic"},"content":{"rendered":"<div class=\"wp-block-dekode-page-title\">\n\t\t\t<div class=\"dekode-page-title__container\">\n<h1 class=\"wp-block-post-title\">Another record year for Element Logic<\/h1>\n<\/div>\n\t\t<\/div>\n\n<figure class=\"alignwide wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2133\" height=\"1200\" src=\"https:\/\/www.elementlogic.net\/content\/uploads\/sites\/16\/\/2024\/09\/image-83.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" style=\"object-fit:cover;\" srcset=\"https:\/\/www.elementlogic.net\/content\/uploads\/sites\/16\/2024\/09\/image-83.png 2133w, https:\/\/www.elementlogic.net\/content\/uploads\/sites\/16\/2024\/09\/image-83-300x169.png 300w, https:\/\/www.elementlogic.net\/content\/uploads\/sites\/16\/2024\/09\/image-83-1024x576.png 1024w, https:\/\/www.elementlogic.net\/content\/uploads\/sites\/16\/2024\/09\/image-83-768x432.png 768w, https:\/\/www.elementlogic.net\/content\/uploads\/sites\/16\/2024\/09\/image-83-1536x864.png 1536w, https:\/\/www.elementlogic.net\/content\/uploads\/sites\/16\/2024\/09\/image-83-2048x1152.png 2048w\" sizes=\"(max-width: 2133px) 100vw, 2133px\" \/><\/figure>\n\n<p class=\"t2-ingress wp-block-t2-ingress\">Doubled turnover for the second year in a row. \u201cOur aim is to revolutionize warehousing worldwide\u201d, says Group CEO in Element Logic, Dag-Adler Blakseth.<\/p>\n\n<div class=\"wp-block-dekode-post-date\"><span class=\"date-published\">Published <time datetime=\"2023-06-06T09:00:00+00:00\">June 6, 2023 9:00 am<\/time><\/span> <\/div>\n\n\n<p>490 million EUR. That was our turnover in 2022. An adjusted turnover growth of more than 100 percent compared to 2021*.<\/p>\n\n\n\n<p>Other key figures for 2022:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The EBITDA came to 57,5 million EUR.<\/li>\n\n\n\n<li>Ordinary profits after taxes were 27,7 million EUR.<\/li>\n\n\n\n<li>The cash holdings at the end of 2022 were 37,4 million EUR.<\/li>\n\n\n\n<li>Group CEO, Dag-Adler Blakseth, points out three reasons why Element Logic yet another year can celebrate a doubling in its turnover.<\/li>\n<\/ul>\n\n\n\n<p>\u201cFirstly, we operate in a market with generally strong growth. Secondly, we have dedicated and strategically oriented sales teams. And thirdly, we deliver good solutions without long delivery times\u201d, Blakseth says.<\/p>\n\n\n\n<p>Inflation, supply chain backlogs, record high energy prices and geo-political instability. 2022 was a year filled with dramatic changes. The macro level trends also affected the intralogistics industry.<\/p>\n\n\n\n<p>\u201cWe have less predictability than before. This leads to more uncertainty \u2013 also among customers. Decision-making processes lasted much longer in 2022 than in 2020 and 2021\u201d, Blakseth explains.<\/p>\n\n\n\n<p>\u201cHowever, we showed that we handled the new situation very well\u201d, he adds.<\/p>\n\n\n\n<p>And one important move from Element Logic in 2022 was to cross the Atlantic.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"from-one-to-three-continents\">From one to three continents<\/h2>\n\n\n\n<p>2022 became the year where Element Logic went from being a European company to a global player. In March last year they acquired the American company SDI Industries \u2013 a supplier of turnkey automation and sorting solutions. With the acquisition of SDI, Element Logic expanded to 8 new locations in the US and Latin America.<\/p>\n\n\n\n<p>\u201cThe acquisition of SDI Industries was an important milestone for us. We have entered the attractive US market together with a strong partner who accelerates our growth strategy and fits us very well\u201d, Blakseth says.<\/p>\n\n\n\n<p>Recently Element Logic was listed among the top 20 system suppliers in the world by the American magazine Modern Materials Handling. Blakseth emphasizes that Element Logic`s global expansion has only just begun:<\/p>\n\n\n\n<p>\u201cThis year we are expanding into the Asia-Pacific region. In Element Logic we aim to revolutionize warehousing worldwide, and we see great opportunities going forward.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter wp-image-5931 size-large\"><img decoding=\"async\" src=\"https:\/\/www.elementlogic.co.uk\/wp-content\/uploads\/sites\/8\/2023\/08\/D-A-1-1400x788-1-1024x576.jpg\" alt=\"\" class=\"wp-image-5931\" \/><figcaption class=\"wp-element-caption\">SOON FOUR DECADES IN CHARGE: Group CEO, Dag-Adler Blakseth, founded Element Logic together with his brother back in 1985.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"continuous-search-for-smarter-solutions\"><strong>Continuous search for smarter solutions<\/strong><\/h2>\n\n\n\n<p>As a tech company Element Logic needs to constantly develop. In 2022 they added new expertise and capacity to their team. One important milestone was the acquisition of the German software company, S&amp;P Computersysteme \u2013 a leading provider of IT solutions within the field of intralogistics.<\/p>\n\n\n\n<p>\u201cWith S&amp;P Computersysteme on our team we increase our competence and capacity to innovate, integrate and connect hardware and software solutions. This is key for us to continue developing and offering our customers the best solutions\u201d, Blakseth explains.<\/p>\n\n\n\n<p>In addition to cube storage solutions, a megatrend within the field of intralogistics these days is AMR \u2013 autonomous mobile robots. Element Logic also made important moves within this area in 2022, by partnering up with the robotics and automation company, Addverb Technologies.<\/p>\n\n\n\n<p>\u201cThanks to our collaboration with Addverb Technologies, we can now offer our customers a wide range of intralogistics solutions that all work together. AutoStore, eOperator, and AMRs\u201d, Blakseth says.<\/p>\n\n\n\n<p>\u201cThis is exactly what today`s customers expect. They don\u2019t want to pick solutions from three or four different suppliers but get it all from one system integrator. This will be even more important in the future, and we want to be a preferred supplier and partner all over the world\u201d, he concludes.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large wp-image-5919\"><img decoding=\"async\" src=\"https:\/\/www.elementlogic.co.uk\/wp-content\/uploads\/sites\/8\/2023\/08\/Warehouse-automation_Element-Logic-1024x683.jpg\" alt=\"eOperator piece-picking robot arm\" class=\"wp-image-5919\" \/><figcaption class=\"wp-element-caption\">RELIABLE ROBOT: Element Logic`s robotic arm, eOperator, picks goods for the Swedish online Pharmacy, Apotea.<\/figcaption><\/figure>\n\n\n\n<p><em>* Element Logic\u2019s 2021 results were based on Norwegian accounting rules (NGAAP), while the 2022 figures are according to international accounting rules (IFRS).<\/em><\/p>\n\n\n\n\t\t<div class=\"wp-block-dekode-simple-cta\">\n\t\t\t<div class=\"dekode-simple-cta__inner\">\n\n<h3 class=\"wp-block-heading\" id=\"want-to-learn-more-about-how-element-logic-can-optimize-your-warehouse-performance\">Want to learn more about how Element Logic can optimize your warehouse performance? <\/h3>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.elementlogic.net\/uk\/contact-us\/\">Get in touch today<\/a><\/div>\n<\/div>\n\n<\/div>\n\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>490 million EUR. That was our turnover in 2022. An adjusted turnover growth of more than 100 percent compared to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"hreflang_relation":1367,"_el_cross_publish_source_blog_url":"","_el_cross_publish_source_blog_id":0,"_el_cross_publish_source_post_id":0,"_el_cross_publish_sync_state":"","exclude_from_search":false,"footnotes":""},"categories":[72],"tags":[],"class_list":["post-769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-72"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Another record year for Element Logic - Element Logic UK<\/title>\n<meta name=\"description\" content=\"Element Logic had another record year as the business goes from strength to strength\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.elementlogic.net\/uk\/news\/another-record-year-for-element-logic\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another record year for Element Logic\" \/>\n<meta property=\"og:description\" content=\"Element Logic had another record year as the business goes from strength to strength\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.elementlogic.net\/uk\/news\/another-record-year-for-element-logic\/\" \/>\n<meta property=\"og:site_name\" content=\"Element Logic UK\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-06T07:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-16T10:18:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.elementlogic.net\/content\/uploads\/sites\/16\/\/2024\/09\/image-83-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"anette\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"anette\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.elementlogic.net\/uk\/news\/another-record-year-for-element-logic\/\",\"url\":\"https:\/\/www.elementlogic.net\/uk\/news\/another-record-year-for-element-logic\/\",\"name\":\"Another record year for Element Logic - 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