Boreo - Industrial owner and serial acquirer

I looked at some business cycle statistics for the concrete industry, mainly from the perspective of Tornokone and Muottikolmio. Ready-mix concrete is probably the most relevant category for them:

Order backlog perhaps a slight pick-up in Q4:

It has been weak:

Tornokone practically lost €10 million in revenue:

Residential construction has not picked up, but other construction has been a bit livelier, driven by infrastructure.

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