Fire Suit Producer News

Viking Life-Saving Equipment A/S achieved all-time-high sales of $208m, up just over six percent on 2008. The group's profit also improved slightly compared with 2008. The company’s management attributes the record performance to increased focus on cost reduction and working capital. Despite pressure on margins and the establishment of new subsidiaries and servicing stations, the tightened cost controls enabled Viking to maintain its momentum. At the same time, a decrease in capital tied up in inventory and debtors resulted in a significant reduction in the group's interest bill. The most significant effect of the increased control over working capital can be seen in the company's liquidity, which improved by approximately $26.9m for 2009.