A strong year for Valea

CEO´s statement from the Valea Annual Report 2011.
Valea continues to deliver good results and take market share. With a clear client focus and dedicated employees, Valea’s Managing Director Anders Havstam sees a continued positive development despite uncertain market factors.

How will the IP sector develop in the next few years?
“In Sweden, the line of business has declined in recent years, while Valea has expanded and taken market share. The foremost reason is the 2008 financial crisis and the uncertainty that followed on the heels of the recession. Clients have simply become more alert and cautious andset higher standards on efficiency. They want more value for each invested krona and the IP industry is no exception. This is a trend that I am convinced will benefit Valea and our ambition to further develop together with our clients.”

What were the most important events for Valea in 2011?
“In terms of earnings, it was an acceptable year, but not quite as good as we had expected. A couple of nonrecurring items reduced profit by around 1.5 MSEK, which should have been charged to the profit of the previous year.”
“We had a strong earnings capacity and continuous improvement in the average number of billable hours among our employees. The component of sales that decreased comprised expenses for our clients and represented a trend that has been under way for a few years. This results in Valea increasingly becoming a purely consulting company, which also agrees with our ambition.”

Anders Havstam
Chief Executive Officer