JOOL wishes a Happy New Year!
Dec 31, 2021
As 2021 ends, we can look back on a year in which the JOOL Group continued its transition from a few core holdings to a diversified investment company well equipped for the future. Today, the Group includes a number of wholly or partly owned companies with combined sales of around SEK one billion and with nearly 400 employees.
So far, the JOOL Group’s corporate financing businesses have raised over SEK 13 billion of debt financing for Nordic small and medium-sized enterprises. Nordic bond issuance continues to accelerate, and 2021 was another record year for JOOL with a stronger transaction flow than ever before.
Our tech holdings Hubins and PropTech Farm have both benefited from the strong digital transition further sped up by the pandemic, demonstrating the importance of a diversified investment portfolio.
Lessebo Paper, our Swedish paper mill, attracted interesting new customers during the year. A solid sustainability effort resulted in the company being “Cradle to Cradle Certified” at the Gold achievement level in spring 2021, as the first paper mill in the world.
Our timber industry ESS-ENN Timber generated record sales during 2021 after many challenging years. Glued laminate timber is a resource-efficient construction material and a crucial component in the transition to sustainable construction, which means that we believe in a bright future for the company.
Furthermore, the Group’s property company Grundingen Fastighets entered into a strategic partnership with an established real estate developer. Going into the new year, the company is well capitalized and ready to accelerate its project development.
Please visit joolgroup.com for more information about our holdings.
Best wishes for a Happy, Healthy and Successful 2022!