Hyrles Oy

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Hyrles Oy - overview

Established

1989

Location

Lohja, -, Finland

Primary Industry

Materials

About

Hyrles Oy is a Finnish company specializing in advanced manufacturing solutions, focusing on electronics and mechanics for various industries, including medtech and defense, ensuring high-quality production with a commitment to innovation. Hyrles Oy, founded in 1989, is headquartered in Lohja, Finland. The company specializes in manufacturing solutions for a variety of sectors including industrial and medical technology. The leadership team includes CEO Pekka Vayrynen.


In 2007, Hyrles Oy was the target of financing from Helmet Venture Managers, although financial terms were not disclosed. Hyrles Oy provides comprehensive manufacturing solutions, primarily in electronics and mechanics for sectors such as industrial, medtech, defense, and maritime. Their core offerings include development and manufacturing services, design for manufacturing, prototyping, and product lifecycle management. Hyrles creates sophisticated electronic and mechanical products tailored to client specifications, with key markets in Europe, North America, and select regions in Asia, fostering partnerships with both established corporations and startups.


Hyrles Oy generates revenue through B2B engagements, focusing on long-term contracts with clients that cover projects from prototyping to full-scale production. Revenue is driven by negotiated pricing based on the services' complexity and scale, emphasizing high-value production for sectors like medtech and defense, supported by the company's reputation for quality and reliability. As of June 1, 2007, Hyrles Oy is planning to enhance its product offerings and expand into new markets. Future initiatives may utilize funding secured from the recent financing to support these ambitious growth strategies, although specific new products or timelines for market expansion have not been disclosed.


Current Investors

Helmet Capital

Primary Industry

Materials

Sub Industries

Steel & Metals

Website

www.hyrles.fi

Verticals

Manufacturing

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

Hyrles Oy - financials

Fiscal Year EndedDec 31, 2001Dec 31, 2002Dec 31, 2003Dec 31, 2004Dec 31, 2005Dec 31, 2006Dec 31, 2007
Revenue (USD)37,241,477.95,581,367.36,797,1728,510,494.6---
% Revenue Growth (YoY)-(85.0%)21.8%25.2%---
EBITDA (USD)6,649,690.2966,134.71,139,236.51,755,472.3---
Operating Income (USD)2,328,542.721,912.2253,989981,808.5---
Operating Margin6.3%0.4%3.7%11.5%---
% EBITDA Margin17.9%17.3%16.8%20.6%---
NET Income (USD)1,335.9177.8180,532.8693,250.5---
% Net Margin0.0%0.0%2.7%8.1%---

Hyrles Oy - employee data

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