HARJU ELEKTER

ANNOUNCEMENT



COMMENTARY TO ARTICLE PUBLISHED IN ÄRIPÄEV ON 14.11.2000



Harju Elekter Group is the largest producer of electrical equipment 

and materials in the Baltic countries, employing almost 1,000 people. 

AS Harju Elekter is a concern, which core business is production and 

marketing of electrical (electrical equipment, incl. substation 

units, cable distribution cabinets, and wiring harnesses and 

connection cables) and telecommunications equipment. The parent 

company does not produce cables and metal doors, as mentioned in the 

article, but its affiliated companies: cable producer AS Keila Kaabel 

(42.2% holding) and fireproof and safety doors producer AS Saajos 

Balti (33.3% holding). 



The activities of PKC Group and Harju Elekter cable harnesses factory 

are greatly impacted by the increased output of wiring harnesses for 

Scania trucks. Today the additional expenses from launch of new 

products and substantial increase in turnover are already covered in 

both companies. 



Harju Elekter 9 months turnover was EEK 146.1 mln, providing more 

than 35% annual growth. The net profit stood at EEK 22.4 mln (+38%), 

whereas the EEK 8.3 mln profit earned in Q3 2000 proceeded mainly 

from increase of gross profit and excellent results of subsidiaries 

and affiliated companies.



Additional information: Andres Allikmäe (Tel +372 67 47 400) 

Internet: <a href='http://www.harjuelekter.ee' target='_blank'>http://www.harjuelekter.ee</a> and <a href='http://www.tse.ee.' target='_blank'>http://www.tse.ee.</a>





Andres Allikmäe

Management Board chairman

+372 67 47 400





Lembit Libe

chief economist

+372 67 47 412