Financial
information
Financial information on Dynea Oy.
Dynea’s balance sheet remains strong despite difficult market and raw material conditions in 2008
Global economic growth ceased during the latter part of the year. Generally, the construction and automotive industries are extremely sensitive to changes in macro-economic trends, and as Dynea is an important supplier to customers in both of these industries demand for adhesives was negatively affected.
Sales volumes fell by 14% compared to the previous year and this decrease was most noticeable in Europe.
Less exports from Asia to North America and Europe led to lower production for most of Dynea’s Asian subsidiaries too.