Philippe Vimard, Board member at Schibsted, has on 26 April 2024 sold 1,650 Schibsted B-shares at an average price of NOK 319.30 per share. See attachment for further details.

Oslo, 26 April 2024SCHIBSTED ASA

Disclosure regulation

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Contacts

• Jann-Boje Meinecke, VP, Head of Investor Relations, +47 941 00 835, jbm@schibsted.com

Attachments

• Download announcement as PDF.pdf
• KRT 1500.pdf

The Annual General Meeting of Schibsted was held on 26 April 2024. The meeting was conducted as a virtual meeting. 

All proposals on the agenda were approved, ref. the notice of the Annual General Meeting that was published 4 April 2024.

The minutes from the Annual General Meeting are attached and are also available at: https://schibsted.com/ir/corporate-governance/general-meeting/.

Oslo, 26 April 2024SCHIBSTED ASA

Disclosure regulation

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Contacts

• Jann-Boje Meinecke, VP, Head of Investor Relations, +47 941 00 835, jbm@schibsted.com

Attachments

• Download announcement as PDF.pdf
• Minutes of the General Meeting 26 April 2024.pdf

Ennogie Solar Group A/S (CVR nr. 39703416) afholdt fredag d. 26. april 2024 kl. 14.00 ordinær generalforsamling. 

Indkaldelse, dagsorden og de fuldstændige forslag fremgår af selskabets børsmeddelelse nr. 07.2024 af d. 4. april 2024.

Bestyrelsen havde udpeget advokat Pernille Høstrup Dalhoff, Kromann Reumert, som dirigent. Dirigenten konstaterede, at generalforsamlingen var rettidigt varslet og beslutningsdygtig. 

Dagsordenspunkt 1, Bestyrelsens beretning om selskabets forhold i 2023

Bestyrelsesformand Henrik Golman Lunde redegjorde for udviklingen i 2023 i hovedtræk. Herefter præsenterede direktør Lars Brøndum Petersen. Beretningen blev taget til efterretning. 

Dagsordenspunkt 2, Fremlæggelse af årsrapport for 2023 til godkendelseDirektør Lars Brøndum Petersen gennemgik i hovedtræk årsrapportens resultatopgørelse, balance og egenkapitalopgørelse. 

Årsrapporten for 2023 blev godkendt. 

Dagsordenspunkt 3, Forslag til fordeling af årets overskud eller dækning af tab 

Bestyrelsen havde foreslået, at der ikke udbetales udbytte for 2023. 

Resultatdisponeringen blev godkendt. 

Dagsordenspunkt 4, Fremlæggelse af samt vejledende afstemning om vederlagsrapporten

Vederlagsrapporten for 2023 var udsendt med årsrapporten for 2023. 

Vederlagsrapporten blev godkendt. 

Dagsordenspunkt 5, Beslutning om decharge for direktion og bestyrelse 

Forslaget blev vedtaget. 

Dagsordenspunkt 6, Behandling af forslag, som fremsat af bestyrelsen eller aktionærer

• Bestyrelsens forslag om vederlag til bestyrelsen og til medlemmer af revisionsudvalget blev godkendt.
• Bestyrelsens forslag om at bemynde bestyrelsen til i perioden indtil 24.februar 2027 at forhøje selskabets aktiekapital med i alt nominelt DKK 3.135.965.
• Bestyrelsens forslag om at bemyndige bestyrelsen til i perioden indtil 1. april 2025 at udstede tegningsoptioner, der giver ret til tegning af aktier af indtil i alt nominelt kr. 500.000 aktier, blev vedtaget.

Der var ikke fremsat øvrige forslag. 

Dagsordenspunkt 7, Valg af medlemmer til bestyrelsen 

I henhold til vedtægternes § 11 er alle bestyrelsesmedlemmer på valg hvert år. Bestyrelsen havde stillet forslag om genvalg af den samlede bestyrelse. 

Alle blev valgt. 

Bestyrelsen konstituerede sig efter generalforsamlingen med Henrik Golman Lunde som formand. 

Dagsordenspunkt 8, Valg af revisorer og revisorsuppleanter 

KPMG P/S blev genvalgt som revisor. 

Dagsordenspunkt 9, Eventuelt 

Generalforsamlingen bemyndigede enstemmigt og med samtlige stemmer advokat Pernille Høstrup Dalhoff, med substitutionsret, til at anmelde det vedtagne til Erhvervsstyrelsen og til i forbindelse hermed at foretage sådanne ændringer og tilføjelser i det vedtagne, i vedtægterne og i øvrige forhold, som Erhvervsstyrelsen måtte kræve for at registrere det på generalforsamlingen vedtagne. 

Der var ikke yderligere emner til behandling. 

Med venlig hilsen

Bestyrelsen

Ennogie Solar Group A/S

Kontakter

• Lars Brøndum Petersen, Co-Founder og CEO, +45 5356 2754, lbp@ennogie.com

Om Ennogie

Ennogie Solar Group er en grøn vækstvirksomhed, der udvikler, producerer og sælger bygningsintegrerede solcelletage og energisystemer.

Vedhæftninger

• Download selskabsmeddelelse.pdf
• Børsmeddelse nr 10 2024 ESG forloeb af AGM 26042024.pdf

Investor news no. 23/2024: On 26th April, Dataproces entered into a contract with a major Jutland municipality for our SaaS solution MARS.

The contract has been concluded with a larger Jutland municipality for 2 extra modules on MARS. The municipality was already a customer of our MARS platform, but is now expanding the collaboration with Dataproces.

By using MARS, the municipality gets a platform which contributes to creating an overview of all municipal financial payments and refunds while the platform streamlines digital administration and contributes to a correct foundation of data.

 

General information about agreement announcements as investor news:

All announced agreements are in accordance with Dataproces' strategic focus and do not change the announced guidance.

As the SaaS platforms MARS, MARC, REVIEW and KØS are central to the guided company strategy, each time an agreement is entered into, it is announced - as well as in the case of an agreement to extend delivery within one of the areas to an already existing customer, if the annual turnover from it is expected to exceed DKK 100,000.

Furthermore, it is announced when an agreement is entered into for the delivery of a DataAnalysis task where the expected fee is greater than DKK 250,000. Similarly, if agreements are entered into for delivery to a new customer in a new customer group, where the expected fee is greater than DKK 250,000 

Dataproces distinguishes in the announcement of SaaS agreements between 3 municipality size categories; the 50 smallest municipalities are called municipalities, the 38 middle ones are called larger municipalities and the 10 largest are called top-10 municipalities.

Contacts

• John Norden, Certified Advisor, JN@nordencef.dk
• Michael Binderup, CEO, +45 41 91 20 07, mib@dataproces.dk

About Dataproces Group A/S

Dataproces is an innovative Software and consulting house, specializing in AI supported solutions targeted at the Danish municipalities and their digital administration. The solutions range widely from robot technology and SaaS, to data analysis as well as collaboration and consulting. The starting point and purpose are always the same: to use data to create new knowledge, smarter processes and increased efficiency for the benefit of both citizens and municipalities. 

Dataproces – we create value with data!

Attachments

• Download announcement as PDF.pdf

Lamor Corporation Plc          Stock exchange release             26 April 2024 at 09:00 a.m. EEST 

Lamor Interim Financial Report 1 January–31 March 2024: Market activity increasing despite the geopolitical situation 

This release is a summary of Lamor’s Interim Financial Report 1 January–31 March 2024. The complete report is attached to this release as a pdf file. It is also available on the company website at lamor.com/investors. 

January–March 2024 in brief  

• Revenue was EUR 23,9 million and 4.5% higher than in the comparison period (22,8)   
• EBIT improved slightly from the comparison period and was EUR 0,4 million (0,2)   
• Adjusted EBIT was EUR 0,5 million (0,2) and 2.0% of revenue (0.9%)  
• Net cash flow from operating activities was EUR -13.1 million (-8,8)  
• Earnings per share (basic) was EUR -0.01 (-0.02)   
• Orders received increased by 48.1% and amounted to EUR 16,0 million (10,8)    

CEO Johan Grön’s update  

Our revenue in the first quarter of 2024 amounted to 23,9 million euros, increasing by 4.5 percent from the comparison period. The adjusted EBIT in the first quarter was approximately 0,5 million euros, and adjusted EBIT margin 2.0 percent of revenue. The first quarter revenue was in line with our expectations, and we expect the revenue level to rise as the year progresses. Our profitability did not, however, reach the expected level, and we have initiated actions to improve it. The value of new orders in the first quarter amounted to 16,0 million euros, an increase of approximately 48 percent compared to the comparison period. The most significant orders received during the reporting period were related to equipment deliveries and smaller service projects.  

The geopolitical situation has remained challenging also in 2024. The situation has escalated in certain Middle Eastern countries, and instability has also continued in certain South American countries. The circumstances in the Middle East pose severe threats to the security in the region and shipping in the Red Sea. Furthermore, the Russian war against Ukraine unfortunately still continues. In addition to the deteriorated security situation in general, these conflicts impact our business in many ways, and significantly increase for instance the risk of oil spills.

Soil remediation and restoration  

In Kuwait, the soil washing plants, used for cleaning more polluted soil, are now fully operational. Soil washing complements the cleaning capacity provided by bioremediation. The successful start of soil washing at our two large processing plants is an important milestone for our projects in Kuwait and allows us to utilise the existing technologies and facilities even after the completion of the current projects to process additional soil, for example as a subcontractor for the other main contractors.  

Lamor provides soil remediation services in Latin America and Oman, where we also won a few new, smaller-scale projects in the first quarter. The soil remediation market is currently very active, and we are involved in several other on-going tendering processes of different sizes in the Middle East, Africa, and South America.  

Environmental protection  

During the first quarter, Lamor participated in three smaller clean-up projects of environmental incidents in Peru and Ecuador. The importance of Lamor’s local presence and the response capacity in the region is of essence when an environmental incident occurs, and we aim at expanding this presence further by increasing our rental business.  

In the first quarter of 2024 we established a new entity in the Netherlands that focuses on oil spill response technologies. The entity primarily serves the European Maritime Safety Agency’s (EMSA) oil spill response preparedness in the North Sea, but with the local warehouse, our aim is to serve other European customers as well, for instance in the form of equipment rental.  

After the end of the first quarter, the Saudi Arabian National Center for Environmental Compliance decided to use their 4-month option to continue the ongoing environmental protection project. The original 3-year contract on the enhancement of the oil spill response preparedness in the Saudi Arabian coastline of the Red Sea was signed in March 2021, and Lamor will, in accordance with the extension agreement, provide the service until the end of September 2024. Our customer is currently evaluating how to maintain the preparedness service after the closing of our agreement period. 

Material recycling   

The delivery of the MARPOL port reception facility and oil spill response technologies to Bangladesh is progressing as planned. The commissioning of the waste treatment facility in accordance with the International Convention for the Prevention of Pollution from Ships in the port of Mongla is planned for the end of 2024.  

During the first quarter, we entered into an agreement with Remeo, an environmental management company, to ensure the supply of sorted plastic waste suitable as feedstock for our chemical recycling concept facility of plastic. The agreement guarantees the supply of the right kind of plastic waste to our concept facility that is being constructed in Kilpilahti, Finland, and possibly also to our future sites in Finland. We now have agreed on all the aspects of the process, from feedstock procurement to technology and the end customer. The installation of technologies is expected to begin during the latter half of the year, and the production process and plastics recycling to commence towards the end of the year 2024.  

Solutions related to water treatment in different forms are part of Lamor’s material recycling solution portfolio. In the first quarter, the Norwegian shipping company Frøy placed an order with us for a retrofitted reverse osmosis-based system to its vessel where it produces fresh water from seawater to remove harmful parasites from farmed salmons. The deal is an important indication that our wide product portfolio and partner network enables our expansion in important markets and into new business segments.  

During the first quarter, in addition to sales activities relating to large projects, we have started to systematically increase sales activities related to our equipment business by developing both the ability of our own sales network and the coverage of our agent network. This way we will ensure that in addition to and with the help of our large projects, also our basic business will reach its growth targets. This, together with the sharpened organisational operating models, supports us in achieving both our profitability and growth targets. It may take time for the effects of these reforms to become visible, and we will review our strategy and long-term financial goals during the year 2024.  

Key figures  

EUR thousand unless otherwise noted  

Q1 2024  

Q1 2023  

Change %  

1-12/2023  

Revenue  

23,886  

22,847  

4.5%  

122,520  

EBITDA  

2,135  

1,845  

15.7%  

16,182  

EBITDA margin %  

8.9%  

8.1%  

  

13.2%  

Adjusted EBITDA  

2,172  

1,845  

17.7%  

18,464  

Adjusted EBITDA margin %  

9.1%  

8.1%  

  

15.1%  

Operating profit or loss (EBIT)  

385  

153  

152.0%  

8,426  

Operating profit (EBIT) margin %  

1.6%  

0.7%  

  

6.9%  

Adjusted operating Profit (EBIT)  

481  

212  

127.1%  

10,943  

Adjusted operating Profit (EBIT) margin %  

2,0%  

0.9%  

  

8.9%  

Profit (loss) for the period  

-393  

-489  

  

2,679  

Earnings per share, EPS (basic), euros  

-0.01  

-0.02  

  

0.09  

Earnings per share, EPS (diluted), euros  

-0.01  

-0.02  

  

0.09  

Return on equity (ROE) %  

-0.6%  

-0.8%  

  

4.3%  

Return on investment (ROI) %  

0,3%  

0.2%  

  

8.7%  

Equity ratio %  

37.7%  

46.6%  

  

40.0%  

Net gearing %  

86.4%  

38.5%  

  

60.7%  

Net working capital  

77,120  

47,867  

61.1%  

62,245  

Orders received  

16,042  

10,829  

48.1%  

43,950  

Order backlog  

117,461  

188,685  

-37.7%  

124,192  

Number of employees at the period end  

754  

550  

37.1%  

840  

Number of employees on average  

710  

549  

29.3%  

658  

Guidance for 2024 

In accordance with the guidance published on 16 February 2024, Lamor estimates that its revenue for the financial year 2024 will be at least at the same level as in 2023 (2023: EUR 122.5 million). Due to the uncertain market situation and uncertainty regarding the schedule of large tenders, Lamor does not provide guidance for profitability. 

Webcast for shareholders, analysts, and media  

Webcast for shareholders, analysts and media on the results for the financial period January–March 2024 will be arranged on 26 April 2024 at 10:00 a.m. EEST. The webcast includes a Q&A session, and participants can ask questions in English and Finnish via the event chat room. The webcast can be followed at https://lamor.videosync.fi/q1-2024/register.   

A recording of the webcast will be available later at the company’s website at lamor.com/investors/reports-and-presentations. 

Further enquiries 

Johan Grön, CEO, Lamor Corporation Plc, tel. +358 40 546 4186  

Lamor in brief 

Lamor is one of the world’s leading providers of environmental solutions. For four decades, we have worked to clean up and prevent environmental incidents on land and at sea. 

Environmental protection, soil remediation and material recycling: Our innovative technologies, services and tailored solutions, ranging from oil spill response, waste management and water treatment to soil remediation and plastic recycling, benefit customers and environments all over the world. 

We are capable of vast and fast operations thanks to our connected ecosystem of local partners, steered by our experts. We have over 600 employees in more than 20 countries. In 2023, our turnover was 123 million euros. Lamor's share is listed on the Nasdaq Helsinki (ticker: LAMOR). Further information: www.lamor.com 

Attachments

• Lamor interim report Q1 2024.pdf

Lamor Corporation Plc         Company release             26 April 2024 at 09:00 a.m. EEST 

Lamor Interim Financial Report 1 January–31 March 2024: Market activity increasing despite the geopolitical situation  

This release is a summary of Lamor’s Interim Financial Report 1 January–31 March 2024. The complete report is attached to this release as a pdf file. It is also available on the company website at lamor.com/investors. 

January–March 2024 in brief  

• Revenue was EUR 23,9 million and 4.5% higher than in the comparison period (22,8)   
• EBIT improved slightly from the comparison period and was EUR 0,4 million (0,2)   
• Adjusted EBIT was EUR 0,5 million (0,2) and 2.0% of revenue (0.9%)  
• Net cash flow from operating activities was EUR -13.1 million (-8,8)  
• Earnings per share (basic) was EUR -0.01 (-0.02)   
• Orders received increased by 48.1% and amounted to EUR 16,0 million (10,8)  

CEO Johan Grön’s update  

Our revenue in the first quarter of 2024 amounted to 23,9 million euros, increasing by 4.5 percent from the comparison period. The adjusted EBIT in the first quarter was approximately 0,5 million euros, and adjusted EBIT margin 2.0 percent of revenue. The first quarter revenue was in line with our expectations, and we expect the revenue level to rise as the year progresses. Our profitability did not, however, reach the expected level, and we have initiated actions to improve it. The value of new orders in the first quarter amounted to 16,0 million euros, an increase of approximately 48 percent compared to the comparison period. The most significant orders received during the reporting period were related to equipment deliveries and smaller service projects.  

The geopolitical situation has remained challenging also in 2024. The situation has escalated in certain Middle Eastern countries, and instability has also continued in certain South American countries. The circumstances in the Middle East pose severe threats to the security in the region and shipping in the Red Sea. Furthermore, the Russian war against Ukraine unfortunately still continues. In addition to the deteriorated security situation in general, these conflicts impact our business in many ways, and significantly increase for instance the risk of oil spills. 

Soil remediation and restoration  

In Kuwait, the soil washing plants, used for cleaning more polluted soil, are now fully operational. Soil washing complements the cleaning capacity provided by bioremediation. The successful start of soil washing at our two large processing plants is an important milestone for our projects in Kuwait and allows us to utilise the existing technologies and facilities even after the completion of the current projects to process additional soil, for example as a subcontractor for the other main contractors.  

Lamor provides soil remediation services in Latin America and Oman, where we also won a few new, smaller-scale projects in the first quarter. The soil remediation market is currently very active, and we are involved in several other on-going tendering processes of different sizes in the Middle East, Africa, and South America.  

Environmental protection  

During the first quarter, Lamor participated in three smaller clean-up projects of environmental incidents in Peru and Ecuador. The importance of Lamor’s local presence and the response capacity in the region is of essence when an environmental incident occurs, and we aim at expanding this presence further by increasing our rental business.  

In the first quarter of 2024 we established a new entity in the Netherlands that focuses on oil spill response technologies. The entity primarily serves the European Maritime Safety Agency’s (EMSA) oil spill response preparedness in the North Sea, but with the local warehouse, our aim is to serve other European customers as well, for instance in the form of equipment rental.  

After the end of the first quarter, the Saudi Arabian National Center for Environmental Compliance decided to use their 4-month option to continue the ongoing environmental protection project. The original 3-year contract on the enhancement of the oil spill response preparedness in the Saudi Arabian coastline of the Red Sea was signed in March 2021, and Lamor will, in accordance with the extension agreement, provide the service until the end of September 2024. Our customer is currently evaluating how to maintain the preparedness service after the closing of our agreement period. 

Material recycling   

The delivery of the MARPOL port reception facility and oil spill response technologies to Bangladesh is progressing as planned. The commissioning of the waste treatment facility in accordance with the International Convention for the Prevention of Pollution from Ships in the port of Mongla is planned for the end of 2024.  

During the first quarter, we entered into an agreement with Remeo, an environmental management company, to ensure the supply of sorted plastic waste suitable as feedstock for our chemical recycling concept facility of plastic. The agreement guarantees the supply of the right kind of plastic waste to our concept facility that is being constructed in Kilpilahti, Finland, and possibly also to our future sites in Finland. We now have agreed on all the aspects of the process, from feedstock procurement to technology and the end customer. The installation of technologies is expected to begin during the latter half of the year, and the production process and plastics recycling to commence towards the end of the year 2024.  

Solutions related to water treatment in different forms are part of Lamor’s material recycling solution portfolio. In the first quarter, the Norwegian shipping company Frøy placed an order with us for a retrofitted reverse osmosis-based system to its vessel where it produces fresh water from seawater to remove harmful parasites from farmed salmons. The deal is an important indication that our wide product portfolio and partner network enables our expansion in important markets and into new business segments.  

During the first quarter, in addition to sales activities relating to large projects, we have started to systematically increase sales activities related to our equipment business by developing both the ability of our own sales network and the coverage of our agent network. This way we will ensure that in addition to and with the help of our large projects, also our basic business will reach its growth targets. This, together with the sharpened organisational operating models, supports us in achieving both our profitability and growth targets. It may take time for the effects of these reforms to become visible, and we will review our strategy and long-term financial goals during the year 2024.  

Key figures  

EUR thousand unless otherwise noted  

Q1 2024  

Q1 2023  

Change %  

1-12/2023  

Revenue  

23,886  

22,847  

4.5%  

122,520  

EBITDA  

2,135  

1,845  

15.7%  

16,182  

EBITDA margin %  

8.9%  

8.1%  

  

13.2%  

Adjusted EBITDA  

2,172  

1,845  

17.7%  

18,464  

Adjusted EBITDA margin %  

9.1%  

8.1%  

  

15.1%  

Operating profit or loss (EBIT)  

385  

153  

152.0%  

8,426  

Operating profit (EBIT) margin %  

1.6%  

0.7%  

  

6.9%  

Adjusted operating Profit (EBIT)  

481  

212  

127.1%  

10,943  

Adjusted operating Profit (EBIT) margin %  

2,0%  

0.9%  

  

8.9%  

Profit (loss) for the period  

-393  

-489  

  

2,679  

Earnings per share, EPS (basic), euros  

-0.01  

-0.02  

  

0.09  

Earnings per share, EPS (diluted), euros  

-0.01  

-0.02  

  

0.09  

Return on equity (ROE) %  

-0.6%  

-0.8%  

  

4.3%  

Return on investment (ROI) %  

0,3%  

0.2%  

  

8.7%  

Equity ratio %  

37.7%  

46.6%  

  

40.0%  

Net gearing %  

86.4%  

38.5%  

  

60.7%  

Net working capital  

77,120  

47,867  

61.1%  

62,245  

Orders received  

16,042  

10,829  

48.1%  

43,950  

Order backlog  

117,461  

188,685  

-37.7%  

124,192  

Number of employees at the period end  

754  

550  

37.1%  

840  

Number of employees on average  

710  

549  

29.3%  

658  

 Guidance for 2024 

In accordance with the guidance published on 16 February 2024, Lamor estimates that its revenue for the financial year 2024 will be at least at the same level as in 2023 (2023: EUR 122.5 million). Due to the uncertain market situation and uncertainty regarding the schedule of large tenders, Lamor does not provide guidance for profitability.

Webcast for shareholders, analysts, and media  

Webcast for shareholders, analysts and media on the results for the financial period January–March 2024 will be arranged on 26 April 2024 at 10:00 a.m. EEST. The webcast includes a Q&A session, and participants can ask questions in English and Finnish via the event chat room. The webcast can be followed at https://lamor.videosync.fi/q1-2024/register.   

A recording of the webcast will be available later at the company’s website at lamor.com/investors/reports-and-presentations. 

Further enquiries 

Johan Grön, CEO, Lamor Corporation Plc, tel. +358 40 546 4186  

Lamor in brief 

Lamor is one of the world’s leading providers of environmental solutions. For four decades, we have worked to clean up and prevent environmental incidents on land and at sea. 

Environmental protection, soil remediation and material recycling: Our innovative technologies, services and tailored solutions, ranging from oil spill response, waste management and water treatment to soil remediation and plastic recycling, benefit customers and environments all over the world. 

We are capable of vast and fast operations thanks to our connected ecosystem of local partners, steered by our experts. We have over 600 employees in more than 20 countries. In 2023, our turnover was 123 million euros. Lamor's share is listed on the Nasdaq Helsinki (ticker: LAMOR). Further information: www.lamor.com 

 

Attachments

• Lamor interim report Q1 2024.pdf

Company Announcement April 26, 2024 at 9am EEST

Quarterly comparative figures 2023

Digital Workforce announced in the financial calendar on 20 December 2023 that it will in the future publish quarterly business reviews in addition to the half-yearly and annual publications. Business reviews will be published for the periods 1 January to 31 March and 1 July to 30 September. The review for the period 1 January to 31 March 2024 will be published on 3 May 2024.

Digital Workforce is now publishing comparative figures for the key figures that will be reported in future business reviews. The quarterly figures are unaudited.

Quarterly Key Figures 2023

1 000 euros

1-3/2023

4-6/2023

7-9/2023

10-12/2023

Net sales

6 513

6 077

5 955

6 374

Professional Services net sales

2 608

2 368

2 197

2 520

Continuous Services net sales

3 905

3 710

3 758

3 854

Continuous Services' share of net sales

60,0 %

61,0 %

63,1 %

60,5 %

Gross profit

2 332

1 980

2 002

1 912

% of net sales

35,8 %

32,6 %

33,6 %

30,0 %

 

EBITDA

253

-114

-74

-716

% of net sales

3,9 %

-1,9 %

-1,2 %

-11,2 %

EBITDA adj. *

253

55

91

-244

% of net sales

3,9 %

0,9 %

1,5 %

-3,8 %

EBIT

211

-174

-120

-761

% of net sales

3,2 %

-2,9 %

-2,0 %

-11,9 %

Net income

90

98

-43

-842

EPS, eur

0,01

0,01

0,00

-0,07

 

Personnel at the end of the period

194

179

185

177

Average number of personnel

192

186

184

182

* The EBITDA adjustment consists of restructuring costs in 2023.

Formulas for calculating key figures

Professional Services net sales Professional Services net sales (including Other revenue) Continuous Services net sales Continuous Services net sales Share of recurring revenue Continuous Services sales as percentage of Group sales Gross profit Net sales - materials and services, and direct personnel costs  Gross margin % Gross profit as percentage of net sales EBITDA Operating profit before depreciation and amortization EBITDA margin EBITDA as percentage of net sales EBITDA adj. Operating profit - non-recurring items that differ from business operations EBITDA adj. margin EBITDA adj as percentage of net sales EBIT Profit before income taxes, finance income and finance costs (operating profit) EBIT margin EBIT as percentage of sales EPS Net income divided by shares outstanding Average number of personnel Sum of end-of-month employees divided by number of months during the period

For further information, please contact:

Jussi Vasama, CEO, Digital Workforce Services Plc, Tel. +358 50 380 9893

Certified advisor 

Aktia Alexander Corporate Finance Oy, Tel. +358 50 520 4098

About Digital Workforce Services Oyj

About Digital Workforce Services Plc

Digital Workforce Services Plc is a leading business process automation services and technology solution provider globally. Digital Workforce Outsmart services and technology solution suites allow organizations to save costs, accelerate digitalization, increase revenue, improve customer experience, and gain a competitive advantage. Globally, over 250 large customers use Digital Workforce’s services and technologies to transform their businesses with automation. Founded in 2015, Digital Workforce currently employs over 200 business automation specialists in the US, UK & Ireland, and Northern and Central Europe. Digital Workforce is publicly listed in Nasdaq First North Growth Market Finland. https://digitalworkforce.com

During the strategy period lasting until 2027, Kreate Group will focus especially on improving profitability. In addition, the company intends to continue growing while keeping indebtedness under control. Kreate's Board of Directors has approved new financial targets according to which the Group targets an EBITA margin of over 5 per cent, annual revenue growth of 5–10 per cent and keeping the net debt/EBITDA ratio below 2.5. Kreate's dividend policy remains unchanged and according to it, the company aims to distribute at least half of Kreate's annual net profit as dividends, taking into account Kreate's financial position, cash flows and growth opportunities.

"Over the past seven years, we have grown at an average annual rate of more than 12%. During that time, we have grown our business in all our current construction types and expanded into the railway business and the Swedish market. In terms of revenue, we exceeded our previous target ahead of schedule, but in terms of profitability, we fell short of the target. We are entering the new strategy period from a good balance sheet position and our indebtedness is below the target level," says CEO Timo Vikström.

"During the upcoming strategy period, we will focus above all on developing profitability. One part of improving profitability is a more selective offering and stronger risk management: We aim to participate in challenging infrastructure projects in Finland and Sweden, harness our solid experts to implement projects ambitiously and manage risks related to the operating environment more extensively than before. Selectivity and focus on profitability do not exclude growth. In 2024, our revenue has been instructed to decline, but for 2025–2027 we aim for annual growth of 5–10 per cent organically,” says Vikström.

In recent years, Kreate has grown mainly organically, but also through carefully targeted moderate acquisitions. Acquisitions have not been excluded during the new strategy period either.

Financial targets

 

NEW TARGETS2024–2027

PREVIOUS TARGETS2020–2024

PROFITABILITY

 

 

EBITA margin

>5 %

>5 % in medium term

 

 

 

GROWTH

 

 

Revenue

5–10% annual growth

over EUR 300 million

 

 

 

INDEBTEDNESS

 

 

Net debt/EBITDA

< 2.5

< 2.0

 

 

 

DIVIDEND POLICY

The aim is to distribute at least half of Kreate's annual net profit as dividends, taking into account Kreate's financial position, cash flows and growth potential

Capital Markets Day 6 May (in Finnish only)

Kreate's CEO and CFO will present the Group's strategy and financial targets at the Capital Markets Day in Helsinki on 6 May 2024 at 9–11 a.m. EEST. In addition, the event will focus on the railway business and the Swedish infrastructure market. All presentations will be held in Finnish. The event can be followed live on https://kreate.videosync.fi/cmd-2024. For more information (in Finnish only), visit https://kreate.fi/sijoittajille/paaomamarkkinapaiva-2024/.

Kreate Group PlcBoard of Directors

Distribution: Nasdaq Helsinki, key media and kreate.fi/en  

Contacts

• Mikko Laine, CFO, Kreate Group Oyj, +358 50 599 9201, mikko.laine@kreate.fi
• Niina Streng, Head of Investor Relations and ESG, Kreate Group Oyj, +358 41 732 3362, niina.streng@kreate.fi
• Timo Vikström, President & CEO, Kreate Group Oyj, +358 400 740 057, timo.vikstrom@kreate.fi

About Kreate Group Oyj

Kreate Group is one of the leading infrastructure construction companies in Finland. The company offers solutions for bridges, roads and railways, environmental and ground engineering, circular economy and geotechnical needs. As a specialist in demanding projects, Kreate focuses on comprehensive quality and cost-effectiveness. The Group's revenue was EUR 320 million in 2023 and the company has over 450 employees. Kreate Group is listed on Nasdaq Helsinki.

Attachments

• Download announcement as PDF.pdf

Apetit Plc’s Business Review 1 January–31 March 2024: Operating profit clearly improved from comparison period

FINANCIAL PERFORMANCE IN BRIEF

January–March 2024, continuing operations*)

• In continuing operations net sales were EUR 42.2 (48.2) million. Operating profit was EUR 3.4 (2.0) million. EBITDA was EUR 5.0 (3.4) million. 
• The net sales of Food Solutions were EUR 20.5 (19.6) million and operating profit EUR 1.9 (1.6) million.
• The net sales of Oilseed Products were EUR 21.8 (28.7) million and operation profit EUR 2.1 (1.3) million.
• The decline of net sales was due to a decrease in the market prices of oilseed products compared to the comparison period. In Food Solutions, sales volumes decreased slightly year-on-year. The volumes were at the same level as in the comparison period in retail trade, the Food service sector and industrial sales and decreased in exports.
• Operating profit increased clearly in Oilseed Products and Food Solutions also showed a year-on-year increase. In Oilseed Products, international crush margins have remained at a good level. Production has been efficient and delivery reliability has remained good in both businesses.

January–March 2024, Group, incl. discontinued operations**)

• The Group’s net sales were EUR 42.2 (48.2) million. Operating profit was EUR 3.4 (2.0) million. EBITDA was EUR 5.0 (3.4) million.
• The net sales of Grain Trade were EUR 0.0 (0.0) million and operating profit EUR 0.0 (-0.0) million.
• The Group’s liquidity was good, and its financial position was strong. The equity ratio was 80.6 (81.8) per cent and gearing was -4.2 (-13.6) per cent. The Group’s cash flow from operating activities after interest and taxes was EUR 0.4 (1.5) million.

*) Apetit’s continuing operations are Food Solutions and Oilseed Products. In addition, Apetit reports Group Functions, consisting of the expenses related to Group management and strategic projects, that are not allocated to the business segments.

**) Grain Trade is reported as a discontinued operation starting from the Q1/2022 Business Review. The divestment of the Grain Trade business was completed in stages during the first half of 2022.

The information in this report is unaudited. The figures in brackets refer to the corresponding period in 2023, and the comparison period means the corresponding period in the previous year, unless otherwise stated.

KEY FIGURES 

EUR million

1-3/2024

1-3/2023

Change

2023

Continuing operations

 

 

 

 

Net sales

42.2

48.2

-12 %

175.5

EBITDA

5.0

3.4

 45 %

13.2

Operating profit

3.4

2.0

 67 %

7.5

Share of profit of associated company Sucros

-0.6

0.4

 

4.0

Profit for the period

1.9

2.0

 

9.8

Earnings per share, EUR

0.3

0.3

 

1.6

Investments

1.4

1.0

 

7.5

Group (incl. discontinued operations)

 

 

 

 

Net sales

42.2

48.2

-12 %

175.5

EBITDA

5.0

3.4

 46 %

13.1

Operating profit

3.4

2.0

 68 %

7.5

Profit for the period

1.9

2.0

 

9.7

Earnings per share, EUR

0.31

0.32

 

1.56

Equity per share, EUR

16.94

15.57

 

16.60

ROCE-%

8.4

7.7

 

7.3

Working capital, end of period

27.1

19.7

 

23.0

Net cash flow from operating activities

0.4

1.5

 

9.7

Equity ratio, %

80.6

81.8

 

78.9

Net gearing, %

-4.2

-13.6

 

-5.7

Esa Mäki, CEO:

“Apetit’s operating profit improved clearly from the comparison period, especially in Oilseed Products. In Food Solutions, operating profit also grew year-on-year. In Oilseed Products, international crush margins have remained at a good level. In Food Solutions, operational efficiency has had a positive impact on profit performance.

As expected, the Group’s net sales decreased from the comparison period. The decline in net sales was due to the clearly lower market prices of oilseed products. In Food Solutions, net sales grew slightly from the comparison period and sales volumes were almost at the level of comparison year.

In addition to high-quality daily operations that reflect on our profit development, we are making progress in our strategic focus areas. We are promoting the commercialisation of the BlackGrain rapeseed powder and continuing the project to produce Finnish pea protein. The pea protein project has started small-scale testing using Finnish peas as the raw material. Common factors in these projects are Apetit’s strong commitment to Finnish primary production and raw materials as well as the goal of increasing the degree of processing and developing added-value products.

In the coming harvest season, we will significantly increase the area used for contract farming of field vegetables. Especially pea, potato and carrot cultivation areas will be increased. Our aim for the harvest season is to get more than 35 million kilos of Finnish vegetables from our contract growers’ fields.

In recent years, we have invested in improving harvest-time production efficiency at the Säkylä frozen foods plant, for instance by modernising the frozen pea intake end. In the coming harvest season, we will also start using a new pea harvester. Experimentation at the Räpi farm will continue, with a particular focus on further research into pea varieties. Räpi will carry out variety tests with carrots, swedes and spring rapeseed in the coming harvest season.

Domestic rapeseed cultivation area is expected to increase in the Finnish Cereal Committee VYR’s* 2024 cultivation area survey. According to the survey, the cultivation area of spring turnip rape is expected to grow by 38 per cent and that of spring rapeseed by 16 per cent. Growing the cultivation area and harvest levels of domestic oilseed plants is important to Apetit. We want to secure the supply of domestic raw materials and use as much domestic rapeseed as possible. We are therefore cooperating with the domestic oilseed plant sector to develop the industry through the RypsiRapsi-foorumi development group, established in 2023.

The work on the new bottling line for the Kantvik vegetable oil milling plant has proceeded on schedule. According to the estimate, the new line is expected to be operational in the second half of 2024. With this approximately EUR 4.5 million investment, we take the supply chain into our own hands. For instance, the need for logistics will be significantly reduced with the new bottling line.

The strategically important ERP project has progressed according to schedule. The first deployment phase at the end of last year was very successful. We are currently preparing production deployment.

We have started a survey to set climate emission reduction targets for the entire Apetit value chain. In Apetit’s value chain, the main sources of emissions are primary production, packaging and logistics.

As part of Apetit’s preparations for the requirements of the Corporate Sustainability Reporting Directive (CSRD), we have conducted a double materiality analysis. Based on the results, we will improve management and reporting of our sustainability data.

During the spring we launched new products in several different product groups. The new product launches included new Superior frozen pizza varieties, new cauliflower wings flavours as well as affordably priced salmon balls and a versatile tomato-based frozen vegetable mix, ideal for the current consumption circumstances. In the spring we will also launch new flavoured vegetable oils. Investments in product development and new product launches play an important role in strengthening Apetit’s market position even further.”

*The Finnish Cereal Committee (VYR), Kylvöalakysely 2/2024

 

KEY FIGURES BY SEGMENT, CONTINUING OPERATIONS

Food Solutions

EUR million

1-3/2024

1-3/2023

Change

2023

Net sales

20.5

19.6

4 %

73.7

EBITDA

2.9

2.5

 17 %

9.5

Operating profit

1.9

1.6

 16 %

5.8

Oilseed Products

EUR million

1-3/2024

1-3/2023

Change

2023

Net sales

21.8

28.7

-24 %

102.4

EBITDA

2.6

1.7

 52 %

6.2

Operating profit

2.1

1.3

 67 %

4.6

 Group Functions

EUR million

1-3/2024

1-3/2023

2023

Net sales

-

-

-

EBITDA

-0.5

-0.8

-2.5

Operating profit

-0.6

-0.9

-2.9

In addition to the reporting segments, Apetit reports Group Functions, consisting of the expenses related to Group management and strategic projects, that are not allocated to the business segments.

 

FINANCIAL PERFORMANCE IN JANUARY–MARCH, CONTINUING OPERATIONS

Net sales amounted to EUR 42.2 (48.2) million. Net sales clearly declined year-on-year. The decline was due to a decrease in the market prices of oilseed products compared to the comparison period. In Food Solutions, net sales grew slightly from the comparison period. Sales volumes decreased slightly year-on-year. The volumes were at the same level as in the comparison period in retail trade, the Food service sector and industrial sales and decreased in exports.

Operating profit was EUR 3.4 (2.0) million. Operating profit increased clearly in Oilseed Products and Food Solutions also showed a year-on-year increase. In Oilseed Products, international crush margins have remained at a good level. Production has been efficient and delivery reliability has remained good in both businesses.

The share of the profit of the associated company Sucros in January-March was EUR -0.6 (0.4) million. In addition to the usual seasonal variation, Sucros’ result for the period was impaired by delayed freight-related expense and taxes recorded retroactively.

 

FINANCIAL PERFORMANCE IN JANUARY–MARCH, GROUP

The Group’s liquidity was good, and its financial position was strong. The equity ratio was 80.6 (81.8) per cent, and gearing was -4.2 (-13.6) per cent. The Group’s cash flow from operating activities after interest and taxes was EUR 0.4 (1.5) million.

 

FINANCIAL PERFORMANCE IN JANUARY–MARCH, DISCONTINUED OPERATIONS

In January–March, net sales amounted to EUR 0.0 (0.0) million. Operating profit was EUR 0.0 (-0.0) million. The divestment of the Grain Trade business was completed in stages during the first half of 2022.

 

EVENTS AFTER THE END OF THE PERIOD

The Group had no material events after the end of the period.

 

SEASONALITY OF OPERATIONS

In accordance with the IAS 2 standard, the historical cost of inventories includes a systematically allocated portion of the fixed production overheads. With production focusing on harvest time, raw materials are mainly processed into finished products during the second half of the year when more fixed production overheads are recognized on the balance sheet than the other quarters of the year. Due to this accounting practice, most of the Group’s annual profit is accrued during the second half of the year. The timing of end of the harvest season can affect the comparability between financial years. The seasonal nature of profit accumulation is most marked in the Food Solutions segment and in the associated company Sucros, where production reflects the crop harvesting season.

Harvesting seasons also cause seasonal variation in the amount of working capital tied up in operations. Working capital tied up in Oilseed Products is at its highest towards the end of the year and decreases to its lowest in the summer before the next harvest season. As production in the Food Solutions segment is seasonal and follows the harvest period, the working capital tied up in operations is at its highest around the turn of the year in that segment.

 

PROFIT GUIDANCE FOR 2024 UNCHANGED(published on 15 February 2024)Group’s operating profit is estimated to stay at the level of the comparison year (EUR 7.5 million in 2023). The operating profit from Food Solutions is estimated to further improve. In Oilseed Products, the operating profit is expected to decline due to outlook of market prices.

 

Apetit Plc

Contacts

• Esa Mäki, CEO, Apetit Oyj, +358104022100, esa.maki@apetit.fi

About Apetit Oyj

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier and produce high-quality vegetable oils and rapeseed expellers for feeding stuff. Apetit Plc's shares are listed on Nasdaq Helsinki. Read more: apetit.fi

Attachments

• Apetit Plc_Financial_Review_Q1_2024.pdf

This release is a summary of Kreate Group’s Interim Report January–March 2024. The complete Interim Report is attached, and also available on the company’s website at https://kreate.fi/en/investor/reports/. 

January - March in brief

• Order backlog amounted to EUR 183.6 (265.7) million, a decrease of 30.9%

• Revenue decreased compared to the reference period, amounting to EUR 54.4 (65.8) million

• The year-on-year change in revenue was -17.4% (30.5%)

• EBITDA was EUR 1.6 (1.0) million, amounting to 3.0 (1.5) per cent of revenue

• EBITA increased and was EUR 0.3 (-0.4) million, amounting to 0.5 (-0.6) per cent of revenue

• Earnings per share were EUR -0.06 (-0.08)

• Free cash flow from operating activities was EUR -3.1 (-3.3) million

• Interest-bearing net debt was EUR 20.9 (38.0) million

• Result guidance unchanged: Kreate estimates that its revenue in 2024 will decline and be in the range of EUR 270–300 million (2023: EUR 320.0 million) and EBITA will increase and be in the range of EUR 8–11 million (2023: EUR 7.8 million).

 

The operating environment of infrastructure construction in brief

• Volume decreased by 5 per cent during 2023

• The volume is expected to decrease by 2% in 2024

• Cost development has calmed down, certain construction costs are even falling

• Public and private customers are now active for new projects in a market suitable for Kreate

• There is a short delay in the start-up of projects, and projects can be launched quickly if necessary

• Long-term outlook bright 

 

President & CEO Timo Vikström:

“The year 2024 has started in line with our expectations. In January, we provided guidance for full-year 2024 revenue decline and EBITA increase – first-quarter revenue decreased by 17% year-on-year, but despite this, we managed to turn EBITA positive and improve our profitability.

This is now the second consecutive quarter in which we have improved our profitability compared to the comparison period, both in euros and in relative terms. We believe that we have now been able to turn the profitability trend for the better.

Improving profitability with revenue lower than EUR 10 million is a great achievement, and it also reflects our very strong operational work and flexible cost structure. I would like to thank all our approximately 500 experts who have done great work with our projects. In addition to expertise, the impact of stronger risk management and the fact that we pay attention to the right things can also be seen in profit improvement.

The market situation in infrastructure construction is very good – the slowdown in building construction is not visible in Finland. There is activity on all fronts, and there are many projects in calculations and negotiations. Due to the bright market situation, I am not worried about the lower order backlog level than in the comparison period. We are selective in our offerings, and I am confident that we will take ours in this market situation. The order backlog for rock and concrete construction in Sweden is at a high level, and business in Sweden has developed according to plan.

Our revenue and EBITA guidance remain unchanged. Revenue for the full year are estimated to be in the range of EUR 270–300 million and EBITA in the range of EUR 8–11 million. We estimate that revenue will accumulate more strongly in the second half of the year than in the first half of the year compared to the revenue distribution in 2023.

With the new legislation, responsibility work, sustainability issues and reporting will be on the agenda of many listed companies and alongside financial reporting in a completely new way. We are also preparing for the new reporting requirements and at our Annual General Meeting we selected a sustainability reporting assurer. This interim report also includes its own responsibility section for the first time, under which we present quarterly development with regard to selected sustainability targets.

 We have largely achieved the objectives of our strategy period ending this year ahead of time, and during the first half of the year we have finalised our strategy update and targets for the coming years. We have today published our long-term financial targets and accordingly target an EBITA margin of over 5 percent, annual revenue growth of 5–10 percent and maintaining net debt to EBITDA below 2.5. Ten-year-old Kreate is in good operational and financial shape, and together with our committed and competent personnel, I believe that we will reach these targets.

We will present our updated strategy at the Capital Markets Day on 6 May (in Finnish only), to which we welcome everyone. In addition to our strategy and financial targets, we will open up our rail business and rock and concrete construction in the Swedish market  in more detail.”

Key figures

EUR million

1-3/2024

1-3/2023

1-12/2023

Order backlog

 183.6

 265.7

 196.3

Revenue

 54.4

 65.8

 320.0

Year-on-year change in revenue, %

 -17.4

 30.5

 16.8

EBITDA

 1.6

 1.0

 14.0

EBITDA, %

 3.0

 1.5

 4.4

EBITA

 0.3

 -0.4

 7.8

EBITA, %

 0.5

 -0.6

 2.4

Operating profit

 0.2

 -0.4

 7.6

Operating profit, %

 0.4

 -0.7

 2.4

Result for the period

 -0.6

 -0.7

 3.9

 

 

 

 

Capital employed

 63.5

 79.9

 59.6

Return on capital employed, %

 11.5

 9.9

 11.2

Return on equity, %

 9.4

 10.3

 9.1

Net investments in operating activities

 -1.0

 -3.2

 -5.9

Free cash flow from operating activities

 -3.1

 -3.3

 26.1

Net working capital

 -7.0

 5.6

 -11.3

Net debt

 20.9

 38.0

 16.8

Net debt/EBITDA, rolling 12 months

 1.4

 3.0

 1.2

Net debt/EBITDA, rolling 12 months pro forma*

 

3,1*

 

Equity ratio, %

 34.9

 32.1

 31.8

 

 

 

 

Earnings per share, diluted, €

 -0.06

 -0.08

 0.44

Earnings per share, undiluted, €

 -0.06

 -0.08

 0.44

Dividend per share, €

 

 

 

 

 

 

 

Personnel at the end of the period

 445

 455

 472

Personnel on average

 447

 453

 454

*) The pro forma  includes the EBITDA of the acquisition from 1 Apr 2022  to 31 Aug 2022

 

Result guidance for 2024 unchanged (published on 31 January 2024)

Kreate estimates that its revenue in 2024 will decline and be in the range of EUR 270–300 million (2023: EUR 320.0 million) and EBITA will increase and be in the range of EUR 8–11 million (2023: EUR 7.8 million).

Justifications: The company's guidance is based on the order backlog expected to be realised in 2024 at the turn of the year. The company sees stable continuity in Kreate's characteristic demanding infrastructure construction due to the countercyclical nature of the business, despite the prevailing level of interest rate and cost inflation and the general market outlook. The company offers projects more selectively, which is expected to decrease revenue and improve profitability.

Kreate Group’s financial reporting

Kreate Group Plc will publish its financial reports in 2024 as follows: 

• 16 July 2024 Half Year Financial Report for January–June 2024

• 25 October 2024 Interim Report for January–September 2024

 

Webcast event

A live webcast open to all will be held today, 26 April 2024, at 11:00 a.m. The event will be held in Finnish. President & CEO Timo Vikström and Chief Financial Officer Mikko Laine will be presenting at the event. The webcast can be followed live in Finnish at https://kreate.videosync.fi/q1-2024. A recording of the webcast will be made available later at https://kreate.fi/sijoittajille/raportit-ja-esitykset/ and a summary in English will become available at https://kreate.fi/en/investor/reports/. 

Invitation to the Capital Markets Day (in Finnish only)

We invite investors, capital market representatives, analysts and media representatives to the Capital Markets Day on Monday 6 May 2024 at 9–11 a.m. EEST. At the event, we will present our updated strategy and financial targets, as well as delve deeper into the railway business and the Swedish infrastructure market. All presentations will be held in Finnish. The event can be followed as a live webcast at https://kreate.videosync.fi/cmd-2024. More information and registration instructions can be found on page (in Finnish only) https://kreate.fi/sijoittajille/paaomamarkkinapaiva-2024/.

Kreate Group PlcBoard of Directors

Distribution: Nasdaq Helsinki, key media and kreate.fi/en  

Contacts

• Mikko Laine, CFO, Kreate Group Oyj, +358 50 599 9201, mikko.laine@kreate.fi
• Niina Streng, Head of Investor Relations and ESG, Kreate Group Oyj, +358 41 732 3362, niina.streng@kreate.fi
• Timo Vikström, President & CEO, Kreate Group Oyj, +358 400 740 057, timo.vikstrom@kreate.fi

About Kreate Group Oyj

Kreate Group is one of the leading infrastructure construction companies in Finland. The company offers solutions for bridges, roads and railways, environmental and ground engineering, circular economy and geotechnical needs. As a specialist in demanding projects, Kreate focuses on comprehensive quality and cost-effectiveness. The Group's revenue was EUR 320 million in 2023 and the company has over 450 employees. Kreate Group is listed on Nasdaq Helsinki.

Attachments

• Download announcement as PDF.pdf
• Kreate's interim report Q1 2024.pdf

Today, Schibsted released its Q1 2024 results.

Commencing a transformational year to realise our full potential

“In the quarter, we made important progress related to the major, structural changes which we announced in November and December. Alongside these processes, we are currently developing comprehensive measures to adjust the organisation and cost base for a new setting and a more challenging macroeconomic environment,” CEO Kristin Skogen Lund says.

“We were pleased to see that the Adevinta offer, which values our current stake at approximately NOK 40 billion, received all required regulatory approvals which leads to an expected settlement of the transaction on 29 May 2024. In March, we could announce a final agreement with the Tinius Trust, relating to the sale of our news media operations. The transaction, which will be presented to the Annual General Meeting for shareholder approval, is a key milestone in transforming today's Schibsted into two more focused companies. Finally, we concluded our work on the capital return package related to the cash proceeds of the two transactions, amounting to a total of approximately NOK 29 billion. The proposed package is in line with our focus on shareholder returns and a strong financial position,” CEO Kristin Skogen Lund says.

“Operationally, our financial performance in Q1 was negatively affected by the continued volatile macroeconomic environment and the structural changes in the company. Underlying¹ Group revenues decreased by 1 per cent to 3,794 million compared to the same period last year. EBITDA ended at 454 million, up 7 per cent due to News Media,” CEO Kristin Skogen Lund says.

“Nordic Marketplaces saw a solid, double-digit increase in average revenue per ad, ARPA, across most verticals, and transactional revenues continued to grow well. This resulted in an underlying¹ growth of 9 per cent in Classifieds revenues despite the volatile macroeconomic environment which continued to affect volumes, and proves our strong business model. Total underlying¹ revenues for Nordic Marketplaces increased by 6 per cent, affected by declining advertising revenues. EBITDA ended at NOK 411 million, down 2 per cent compared to Q1 last year. The decrease is mainly explained by investments in transactional models and the transition towards a unified technology platform. Concurrently, the ongoing reorganisation of the Group is hampering the implementation of cost measures,” CEO Kristin Skogen Lund says.

“Despite a volatile advertising market and a continued decline in the print business, News Media’s profitability improved considerably compared to Q1 last year as a result of cost reductions from the cost programme which was announced last year,” CEO Kristin Skogen Lund says.

“In Growth & Investments, macroeconomic factors continued to lead to reduced demand for Lendo and Prisjakt, resulting in a revenue decline. To address the uncertainty and downturn in these businesses, we have started to implement cost measures which led to lower operating costs and partly mitigated the decline in EBITDA,” CEO Kristin Skogen Lund says.

“While we are happy with and proud of our achievements over the last few months related to the aforementioned transformational transactions, we acknowledge that the cost development needs to be addressed in Nordic Marketplaces, and Schibsted Marketplaces as the remaining company. The ongoing reorganisation associated with the separation of our media business is currently creating constraints on our ability to take necessary cost measures. While this is anticipated to impact our financial performance adversely in the short-term, we want to emphasise the temporary nature of these effects. We are actively updating our strategy for Schibsted Marketplaces and developing comprehensive measures to adapt the organisation and cost base to the new setting. Schibsted Marketplaces continues to operate robust businesses with unique market positions and our ambitions remain high. We are eager to share the results of our strategic work at the upcoming Capital Markets Day, scheduled for Q4 this year,” CEO Kristin Skogen Lund says.

This quarter's highlights

●    Group: Revenues of 3.794m, down 1% YoY on an underlying¹ revenue basis. EBITDA of 454 million, up 7 per cent due to News Media.●    Nordic Marketplaces: 6% underlying¹ revenue growth, while Classifieds revenues were up 9% driven by ARPA. EBITDA of NOK 411 million, down 2 per cent YoY driven by investments in transactional models and the transition towards a unified technology platform. Ongoing reorganisation of the Group is temporarily hampering the implementation of cost measures.●    News Media: Significant profitability improvement, driven by reduced costs. EBITDA of NOK 61 million, up from break-even EBITDA in Q1 last year.●    Delivery: EBITDA of NOK 1 million, slightly up YoY, despite continued revenue decline due to reduced costs.●    Delivery: Revenue decline of 12 per cent. EBITDA of NOK 20 million, significantly up YoY and QoQ, driven by improved profitability in Helthjem.●    Growth & Investments: 12 per cent underlying¹ revenue decline, driven by Lendo and Prisjakt which are affected by macroeconomic factors. Cost measures partly mitigated the decline in EBITDA which ended at NOK 40 million.●    Decided to temporarily pause current financial targets for Nordic Marketplaces.

 

First quarter

Full Year

(NOK million)

2024

2023

Change

2023

 Schibsted Group

 

 

 

 

 Operating revenues

3,794

3,776

0%

15,756

   - of which digital

2,772

2,670

4%

11,383

 EBITDA

454

423

7%

2,519

 EBITDA margin

12%

11%

 

16%

¹ Foreign exchange neutral basis 

Alternative performance measures used in this release are described and presented in the section Definitions and reconciliations in the quarterly report.

Programme for the day, 26 April 2024:

07:00 CETPublication of the Q1 results including interim report, presentation, and financials and analytical information.

09:00 CETCEO Kristin Skogen Lund and CFO Per Christian Mørland will present the Q1 results as a virtual live webcast, followed by a Q&A session at which also EVP Nordic Marketplaces and Delivery Christian Printzell Halvorsen will attend. The presentation and following Q&A session will be held in English. The webcast can be viewed live at:https://channel.royalcast.com/landingpage/hegnarmedia/20240426_1/

For the Q&A at the end of the presentation, we invite analysts to ask questions in a live format by using the raise-hand-feature in Microsoft Teams.

Microsoft Teams link: https://teams.microsoft.com/l/meetup-join/19%3ameeting_MmRmM2VmOGYtN2VhMy00ODI1LWE2YTEtNTRiNjgyNWMxOTM1%40thread.v2/0?context=%7b%22Tid%22%3a%226f6d5d78-35df-4e19-83aa-7efcf9b475bc%22%2c%22Oid%22%3a%222475081b-3683-4421-90d7-20303166e40e%22%7d

Meeting-ID: 379 326 598 028Password: yF8Boq

It will also be possible to send in written questions through the webcast player.

A recording of the presentation will be available on our IR website shortly after the live webcast has ended.

Oslo, 26 April 2024SCHIBSTED ASA

Disclosure regulation

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Contacts

• Daniel Frykholm, VP, Head of Group Communication, +46 70 206 77 86, daniel.frykholm@schibsted.com
• Jann-Boje Meinecke, VP, Head of Investor Relations, +47 941 00 835, jbm@schibsted.com
• Malin Ebenfelt, Investor Relations Officer, +47 916 86 710, ir@schibsted.com
• Øyvind Vormeland Salte, Communication Director Norway, +47 992 39 021, oyvind.salte@schibsted.com

About Schibsted

Schibsted is a family of digital brands with a strong Nordic position, and more than 5,000 employees. Millions of people enjoy interacting with our companies every day through our online marketplaces such as FINN, Blocket and Oikotie; our media houses including Aftenposten, VG and Aftonbladet; and digital services like Lendo. We also help new promising businesses grow. Our joint mission of empowering people in their daily lives is rooted in the values of our media heritage and a legacy of bold change. At our best, we are a fearless force for change in a society built on trust and transparency. 

Schibsted is listed on Oslo Børs and has a sizable investment in Adevinta, a company that was spun off and publicly listed as a separate company on Oslo Børs in 2019.

Attachments

• Download announcement as PDF.pdf
• Results presentation Q1 2024.pdf
• Schibsted Financials and Analytical Info Q1 2024.pdf
• Interim Report Q1 2024.pdf

Schibsted ASA (“Schibsted”) today announced that it has signed an agreement (the “Agreement”) to acquire 9.99% of Finn.no AS (“FINN”) from Polaris Media ASA (“Polaris” or the “Seller”). Polaris has been a minority owner in FINN since its incorporation in 2000.

The total transaction value in the Agreement is NOK 2.5 billion on an equity basis.

Schibsted will settle the transaction by issuance of new Schibsted B-shares to the Seller.

Kristin Skogen Lund, CEO of Schibsted, comments:“We are pleased to have reached this agreement with Polaris, ensuring full ownership and control of FINN. This is another step towards simplifying Schibsted’s structure and unlocking the company’s full potential, following the divestment of our news media operations to the Tinius Trust which was announced in December last year.”

Per Axel Koch, CEO of Polaris Media, comments:“This brings our initial investment in 2000 of NOK 5 million in FINN to a new level whereby our shares are exchanged for shares in Schibsted for a total consideration of NOK 2.5 billion. Schibsted, being a listed company with many of the same attributes as FINN, enables us to continue our exposure to the sector at the same time while improving liquidity of our shareholding at a fair price which solidifies Polaris’ financial capability.”

The subscription price per new B-share will be equal to the average of the volume-weighted average price (VWAP) for the existing B-shares traded on the Oslo Stock Exchange for each trading day (i.e. daily VWAP) in the period from and including 19 April to and including 3 May 2024, i.e. five trading days prior to, and five trading days after the signing of the Agreement. Subject to approval of the proposed dividend for 2023 at Schibsted’s Annual General Meeting, the daily VWAP shall be reduced with NOK 2.00 during the days before the shares trade ex-dividend on 29 April 2024 as announced on 7 February 2024, i.e. from and including 19 April to and including 26 April 2024.

The new B-shares will be issued through a separate resolution by the Schibsted Board (the “Board”) after the expiry of the five trading days after signing the Agreement. The resolution will be made under the authorisation granted by the Annual General Meeting to the Board to issue B-shares up to 10% of the B-share capital. As such, the issuance of the new B-shares is subject to the renewal of the authorisation by the Annual General Meeting scheduled for today, 26 April 2024.

As part of the Agreement, the Seller will undertake not to sell or otherwise transfer (or enter into any agreements similar economic effect) the newly issued Schibsted B-shares for a period of 90 days after closing of the transaction.

The shares in the Agreement will be acquired from Adresseavisen AS and Polaris Media Nord-Norge AS, both subsidiaries of Polaris Media.

AdvisorsCarnegie AS acts as exclusive financial advisor and Advokatfirmaet Wiersholm AS acts as legal advisor to Schibsted in connection with the Agreement.

Oslo, 26 April 2024SCHIBSTED ASA

DisclaimerThis information is considered to include inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Jann-Boje Meinecke, at the date and time as set out above.

ContactsJann-Boje MeineckeVP, Head of Investor Relations+47 941 00 835jbm@schibsted.com

Daniel FrykholmVP, Head of Group Communication+46 70 206 77 86daniel.frykholm@schibsted.com

Øyvind Vormeland SalteCommunication Director, Norway+47 992 39 021oyvind.salte@schibsted.com

Attachments

• Download announcement as PDF.pdf

EI JULKAISTAVAKSI TAI LEVITETTÄVÄKSI, KOKONAAN TAI OSITTAIN, SUORAAN TAI VÄLILLISESTI, YHDYSVALLOISSA, AUSTRALIASSA, ETELÄ-AFRIKASSA, HONGKONGISSA, JAPANISSA, UUDESSA-SEELANNISSA, KANADASSA TAI SINGAPORESSA TAIKKA MISSÄÄN MUUSSA VALTIOSSA, JOSSA JULKAISEMINEN TAI LEVITTÄMINEN OLISI LAINVASTAISTA

Pallas Air Oyj (”Pallas Air” tai “Yhtiö”) tiedotti 23.1.2024 Yhtiön suunnittelevan merkintäetuoikeusantia vahvistaakseen Yhtiön pääomarakennetta ja parantamaan Yhtiön likviditeettiä sekä mahdollistamaan strategian toteuttamista. Yhtiön hallitus on tänään 25.4.2024 päättänyt Yhtiön ylimääräisen yhtiökokouksen 13.2.2024 antaman valtuutuksen nojalla osakeannista, jossa Yhtiö tarjoaa merkittäväksi enintään 259 467 250 Yhtiön uutta osaketta (”Tarjottavat Osakkeet”) tämän tiedotteen liitteenä olevien merkintäetuoikeusannin ehtojen mukaisesti ensisijaisesti Yhtiön olemassa oleville osakkeenomistajille samassa suhteessa, kuin heillä on ennestään Yhtiön osakkeita ja toissijaisesti Yhtiön osakkeenomistajille ja muille sijoittajille (”Osakeanti”). Osakeannilla kerättävillä varoilla pyritään parantamaan Yhtiön likviditeettiä, vahvistamaan Yhtiön pääomarakennetta sekä mahdollistamaan 26.3.2024 tiedotetun Yhtiön päivitetyn strategian toteuttamista. Osakeannissa kerättävillä varoilla on ensisijaisesti tarkoitus maksaa yhteensä 1,5 miljoonalla eurolla erääntyneitä ostovelkoja ja 31.5.2024 erääntyvät pääomaltaan yhteensä 400 000 euron määräiset lyhytaikaiset lainat korkoineen. Yhtiö julkaisee tänään Osakeannin ehdot ja perustietoasiakirjan.

Osakeannin tausta ja perustelut

Yhtiö on 1.11.2023 toteuttanut osakevaihdon, jolla Yhtiö hankki Genano Oy Ab:n koko osakekannan (”Yhdistyminen”). Yhdistymisen seurauksena Yhtiö on 26.3.2024 päivittänyt strategiaansa ja keskipitkän aikavälin taloudellisia tavoitteitaan huomioiden Yhdistymisessä muodostuneen uuden kokonaisuuden. Päivitetyn strategian lyhyen aikavälin tärkein tavoite on kannattavuuskäänteen aikaansaaminen vuosien 2024 ja 2025 aikana, mikä toteutetaan kulusopeutuksilla, Yhdistymisen tuomien synergiaetujen saavuttamisella, toimitusketjun kehittämisellä sekä kannattavalla kasvulla.

Yhtiön hallitus on päättänyt strategian mukaisten tavoitteiden edistämiseksi ja Yhtiön likviditeetin ja pääomarakenteen vahvistamiseksi noin viiden (5) miljoonan euron suuruisesta Osakeannista. Yhtiö on saanut Yhtiön suurimmalta osakkeenomistajalta Rentto Oy:ltä kaksi 200 000 euron suuruista lyhytaikaista lainaa Yhtiön rahoitustarpeiden varmistamiseksi siihen asti, kunnes Osakeanti toteutettu.

Osakeannista saatavat varat on tarkoitus käyttää seuraavassa järjestyksessä seuraaviin tarkoituksiin:

• erääntyneiden ostovelkojen maksuun,
• lyhytaikaisten lainojen takaisinmaksuun,
• päivitetyn strategian mukaisten toimenpiteiden rahoittamiseen ja
• yleisiin liiketoimintatarkoituksiin, mukaan lukien likviditeetin ja pääomarakenteen vahvistamiseen.

Osakeanti lyhyesti

• Yhtiö pyrkii keräämään Osakeannilla noin viiden (5) miljoonan euron bruttovarat tarjoamalla merkittäväksi enintään 259 467 250 Tarjottavaa Osaketta.
• Osakeannin tavoitteena on tukea Yhtiön 26.3.2024 julkistaman Yhtiön päivitetyn strategian mukaisten tavoitteiden edistämistä sekä vahvistaa Yhtiön likviditeettiä ja pääomarakennetta. Osakeannissa kerättävillä varoilla on ensisijaisesti tarkoitus maksaa yhteensä 1,5 miljoonalla eurolla erääntyneitä ostovelkoja ja 31.5.2024 erääntyvät pääomaltaan yhteensä 400 000 euron määräiset lyhytaikaiset lainat korkoineen.
• Tarjottavat Osakkeet tarjotaan ensisijaisesti Yhtiön olemassa olevien osakkeenomistajien merkittäväksi heidän osakkeenomistuksensa mukaisessa suhteessa.
• Yhtiön osakkeenomistaja, joka on Osakeannin täsmäytyspäivänä 30.4.2024 (”Täsmäytyspäivä”) merkitty Euroclear Finland Oy:n (”Euroclear Finland”) ylläpitämään Yhtiön osakasluetteloon tai hallintarekisteröityjen osakkeiden osakkeenomistaja, jonka lukuun kyseiset osakkeet on Täsmäytyspäivänä kirjattu Yhtiön osakasluetteloon, saa automaattisesti yhden (1) vapaasti luovutettavissa olevan arvo-osuusmuotoisen merkintäoikeuden kutakin Täsmäytyspäivänä omistamaansa yhtä (1) osaketta kohden (”Merkintäoikeus”).
• Merkintäoikeudet kirjataan osakkeenomistajien arvo-osuustileille Euroclear Finlandin ylläpitämässä arvo-osuusjärjestelmässä 2.5.2024.
• Merkintähinta on 0,02 euroa Tarjottavalta Osakkeelta (”Merkintähinta”).
• Merkintäoikeuksien haltijoilla on oikeus merkitä Tarjottavia Osakkeita Merkintäoikeuksilla siten, että yksi (1) Merkintäoikeus oikeuttaa merkitsemään neljätoista (14) Tarjottavaa Osaketta Merkintähinnalla (”Ensisijainen Merkintä”). Tarjottavien Osakkeiden murto-osia ei voi merkitä, eikä yksittäistä Merkintäoikeutta voi käyttää merkintään osittain.
• Tarjottavien Osakkeiden merkintäaika alkaa 6.5.2024 klo 10.00 ja päättyy 20.5.2024 klo 16.30 (”Merkintäaika”), ellei Merkintäaikaa jatketa. Käyttämättömät Merkintäoikeudet raukeavat arvottomina Merkintäajan päättyessä, ja ne poistetaan Merkintäoikeuksien haltijoiden arvo-osuustileiltä ilman erillistä ilmoitusta tai korvausta.
• Merkintäoikeudet ovat kaupankäynnin kohteena Nasdaq Helsinki Oy:n (”Nasdaq Helsinki”) ylläpitämällä First North Growth Market Finland -markkinapaikan huutokauppasegmentillä (”First North”) 6.5.2024 klo 10.00 ja 14.5.2024 klo 18.30 välisenä aikana, ellei Merkintäaikaa jatketa ja edellyttäen, että Nasdaq Helsinki hyväksyy Merkintäoikeuksia koskevan listalleottohakemuksen. Merkintäoikeuksien ISIN-koodi on FI4000570551 ja kaupankäyntitunnus on PALLASU0124.
• Merkintäoikeuksien perusteella merkityt Tarjottavat Osakkeet kirjataan merkinnän tekemisen ja maksamisen jälkeen merkitsijöiden arvo-osuustileille Tarjottavia Osakkeita edustavina väliaikaisina osakkeina (”Väliaikaiset Osakkeet”). Väliaikaiset Osakkeet ovat vapaasti luovutettavissa ja kaupankäynnin kohteena First Northissa omana osakelajinaan Merkintäajan päättymisen jälkeisestä ensimmäisestä kaupankäyntipäivästä eli arviolta 21.5.2024 lähtien, ellei Merkintäaikaa jatketa ja edellyttäen, että Nasdaq Helsinki hyväksyy Väliaikaisia Osakkeita koskevan listalleottohakemuksen. Väliaikaisten Osakkeiden ISIN-koodi on FI4000570569 ja kaupankäyntitunnus on PALLASN0124.
• Osakeannin pääjärjestäjänä toimii Aktia Alexander Corporate Finance Oy (”Pääjärjestäjä”).

Perustietoasiakirja

Yhtiö on laatinut Osakeantia sekä Osakeannissa merkittävien Tarjottavien Osakkeiden tarjoamista koskevan arvopaperimarkkinalain (746/2012, muutoksineen) 3 luvun 2 §:n ja valtiovarainministeriön asetuksen 1281/2018 mukaisenperustietoasiakirjan (”Perustietoasiakirja”). Perustietoasiakirja on saatavilla Yhtiön verkkosivuilla osoitteessa https://pallasair.com/merkintaetuoikeusanti-2024/ arviolta 25.4.2024.

Yhtiön saamat merkintäsitoumukset

Yhtiö on saanut etukäteisiä sitoumuksia merkitä Osakeannissa Tarjottavia Osakkeita yhteensä noin 2,0 miljoonalla eurolla tietyin tavanomaisin ehdoin (kukin erikseen ”Merkintäsitoumus” ja kaikki yhdessä ”Merkintäsitoumukset”). Mikael Rentto sekä Rentto Oy ovat tietyin tavanomaisin edellytyksin sitoutuneet etukäteen merkitsemään Tarjottavia Osakkeita omistusosuutensa suhteessa. Mikael Renton osuus on 15,5 prosenttia kaikista Tarjottavista Osakkeita ja Rentto Oy:n osuus on 23,6 prosenttia kaikista Tarjottavista Osakkeista. Yhteensä Merkintäsitoumukset vastaavat noin 39,1 prosenttia Tarjottavista Osakkeista olettaen, että Osakeanti merkitään kokonaisuudessaan.

Tarkempia tietoja Osakeannista

Yhtiön osakkeiden lukumäärä voi Osakeannin seurauksena nousta nykyisestä 18 533 375 osakkeesta enintään 278 000 625 osakkeeseen. Tarjottavat Osakkeet vastaavat noin 93,3 prosenttia Yhtiön kaikista osakkeista ja äänistä Osakeannin jälkeen olettaen, että Osakeanti toteutuu täysimääräisenä.

Merkintähinta sisältää merkintäetuoikeusanneille tavanomaisen laskennallisen alennuksen osakkeen teoreettiseen hintaan Merkintäoikeuden irtoamisen jälkeen perustuen Yhtiön osakkeen päätöskurssiin välittömästi osakeantia koskevaa päätöstä edeltävänä kaupankäyntipäivänä First Northissa. Merkintähinnat kirjataan kokonaisuudessaan sijoitetun vapaan oman pääoman rahastoon.

Mikäli kaikkia Tarjottavia Osakkeita ei merkitä Ensisijaisessa Merkinnässä, Yhtiön osakkeenomistajalla ja muilla sijoittajilla on oikeus merkitä Tarjottavia Osakkeita ilman Merkintäoikeuksia Merkintähinnalla (”Toissijainen Merkintä”).

Tarjottavat Osakkeet oikeuttavat Yhtiön mahdollisesti jakamaan osinkoon ja muuhun varojenjakoon sekä tuottavat muut osakkeenomistajan oikeudet Yhtiössä siitä lähtien, kun Tarjottavat Osakkeet on rekisteröity Kaupparekisteriin sekä merkitty Euroclear Finlandin ylläpitämään Yhtiön osakasluetteloon arviolta 3.6.2024. Kukin Tarjottava Osake oikeuttaa omistajansa yhteen (1) ääneen Yhtiön yhtiökokouksessa.

Yhtiön hallitus hyväksyy lähtökohtaisesti kaikki Merkintäoikeuden perusteella tehdyt merkinnät edellyttäen, että ne on tehty näiden Osakeannin ehtojen ja soveltuvien lakien ja säännösten mukaisesti. Jos kaikkia Osakeannissa liikkeeseen laskettavia Tarjottavia Osakkeita ei ole merkitty Ensisijaisessa Merkinnässä, Yhtiön hallitus hyväksyy ilman Merkintäoikeuksia Toissijaisessa Merkinnässä tehdyt merkinnät seuraavassa esitettyjen allokaatioperiaatteiden mukaisesti edellyttäen, että merkinnät on tehty Osakeannin ehtojen sekä soveltuvien lakien ja säännösten mukaisesti. Ilman Merkintäoikeuksia Toissijaisessa Merkinnässä tehtyjen merkintöjen hyväksyminen ja Tarjottavien Osakkeiden allokaatio merkitsijöille määräytyy seuraavasti:

Ensiksi niille merkitsijöille, jotka ovat merkinneet Tarjottavia Osakkeita myös Merkintäoikeuksien perusteella, ja mikäli Osakeanti tulee näin ylimerkityksi, allokaatio kyseisten merkitsijöiden kesken määräytyy arvo-osuustilikohtaisesti kyseisten merkitsijöiden Merkintäoikeuden nojalla käyttämien Merkintäoikeuksien lukumäärän mukaisessa suhteessa, tai, mikäli tämä ei ole mahdollista, arpomalla.

Toiseksi niille merkitsijöille, jotka ovat merkinneet Tarjottavia Osakkeita ainoastaan ilman Merkintäoikeuksia, ja mikäli Osakeanti tulee näin ylimerkityksi, allokaatio kyseisten merkitsijöiden kesken määräytyy arvo-osuustilikohtaisesti kyseisten merkitsijöiden ilman Merkintäoikeuksia merkitsemien Tarjottavien Osakkeiden mukaisessa suhteessa, tai, mikäli tämä ei ole mahdollista, arpomalla.

Yhtiön hallitus päättää merkintöjen hyväksymisestä ja Yhtiö julkistaa Osakeannin lopullisen tuloksen yhtiötiedotteella arviolta 30.5.2024, ellei Merkintäaikaa jatketa.

Osakeannissa merkityt Tarjottavat Osakkeet rekisteröidään Kaupparekisteriin arviolta 31.5.2024 ja Tarjottavien Osakkeiden kaupankäynnin odotetaan alkavan First Northissa (huutokauppasegmentillä) arviolta 3.6.2024, ellei Merkintäaikaa jatketa.

Tiettyjen osakkeenomistajien tekemä konversiovaatimus

Yhtiön osakkeenomistajat Vesa Mäkipää ja Lifa Air Environmental Technology Ltd:n ovat tehneet konversiovaatimuksen pääomalainojen käyttämisestä maksuna Osakeannissa. Yhtiön hallitus ei hyväksy vaatimusta. Katso tarkemmin Yhtiön tänään 25.4.2024 julkistama yhtiötiedote.

Osakeantiin liittyviä tärkeitä päivämääriä

26.4.2024 Viimeinen kaupankäyntipäivä Merkintäoikeuksia sisältävillä osakkeilla

29.4.2024 Merkintäoikeuksien irtoamispäivä

30.4.2024 Osakeannin Täsmäytyspäivä

2.5.2024 Merkintäoikeudet kirjataan osakkeenomistajien arvo-osuustileille

6.5.2024 Tarjottavien Osakkeiden Merkintäaika alkaa

6.5.2024 Kaupankäynti Merkintäoikeuksilla alkaa First Northissa

14.5.2024 Kaupankäynti Merkintäoikeuksilla päättyy First Northissa

20.5.2024 Tarjottavien Osakkeiden Merkintäaika päättyy. Tämä on viimeinen mahdollinen päivä, jolloin Tarjottavia Osakkeita voi merkitä Merkintäoikeuden perusteella. Merkintäpaikat ja tilinhoitajat saattavat edellyttää merkintätoimeksiannon antamista tiettynä päivänä jo ennen kuin kaupankäynti Merkintäoikeuksilla päättyy.

21.5.2024 Kaupankäynti Tarjottavia Osakkeita vastaavilla Väliaikaisilla Osakkeilla alkaa First Northissa (arviolta)

27.5.2024 Käyttämättömät Merkintäoikeudet raukeavat

30.5.2024 Osakeannin lopullinen tulos julkistetaan

31.5.2024 Kaupankäynti Väliaikaisilla Osakkeilla päättyy First Northissa

31.5.2024 Tarjottavat Osakkeet rekisteröidään kaupparekisteriin ja Väliaikaiset Osakkeet yhdistetään nykyisiin osakkeisiin (arviolta)

3.6.2024 Kaupankäynti Tarjottavilla Osakkeilla samana osakelajina Yhtiön osakkeiden kanssa alkaa First Northissa (arviolta)

Neuvonantajat

Aktia Alexander Corporate Finance Oy Osakeannin pääjärjestäjänä. Asianajotoimisto Castrén & Snellman Oy toimii Yhtiön oikeudellisena neuvonantajana.

Lisätietoja:

Hallituksen puheenjohtaja Mikael Rentto, puhelin: +358 40 500 3736mikael.rentto@pallasair.com

Hyväksytty neuvonantaja:Aktia Alexander Corporate Finance Oy, puhelin +358 50 520 4098

Jakelu:Nasdaq Helsinki OyFinanssivalvontaKeskeiset tiedotusvälineet

https://pallasair.com/

Tietoa Pallas Airista

Pallas Air on suomalainen vuonna 1988 perustettu puhtaan ja terveellisen ilman ratkaisuja tarjoava teknologiayhtiö, jonka pääkonttori sijaitsee Helsingissä. Pallas Airin liiketoiminta jakautuu kolmeen liiketoiminta-alueeseen, jotka ovat ilmanpuhdistimet, energiatehokkaat ratkaisut sekä ilmanvaihtohygieniatuotteet.

Pallas Air on edelläkävijä erilaisten puhtaan ja terveellisen ilman mahdollistavien tuotteiden kehittämisessä. Yhtiön kilpailuedut perustuvat Yhtiön omaan teknologiaan sekä energiatehokkaaseen ilmanpuhdistukseen. Yhtiön puhtaan ja terveellisen ilman ratkaisuja voidaan käyttää useissa erilaisissa tiloissa, kuten esimerkiksi kodeissa, kouluissa, toimistoissa, sairaaloissa ja tehtaissa. Lisäksi Pallas Airin tuotteet soveltuvat lukuisiin erilaisiin tarpeisiin aina yksityiskäytöstä ammatillisiin käyttötarkoituksiin.

Vuonna 2023 Pallas Air -konsernin liikevaihto oli 3,5 (4,4) miljoonaa euroa ja yhtiön käyttökate (EBITDA) oli -2,9 (-3,9) miljoonaa euroa. Konsernin palveluksessa oli keskimäärin 52 (55) henkilöä.

TÄRKEITÄ TIETOJA

Tämän asiakirjan sisältämää tietoa ei ole tarkoitettu julkistettavaksi tai levitettäväksi, suoraan tai välillisesti, Yhdysvaltoihin, Australiaan, Etelä-Afrikkaan, Hong Kongiin, Japaniin, Kanadaan, Australiaan, Etelä-Afrikkaan, Hongkongiin, Uuteen-Seelantiin, Kanadaan tai Singaporeen taikka muihin sellaisiin maihin, joissa jakelu olisi vastoin sovellettavaa lainsäädäntöä tai määräyksiä. Arvopapereiden liikkeeseen laskemiselle, merkitsemiselle ja myymiselle on asetettu erityisiä oikeudellisia tai lainsäädännöllisiä rajoituksia tietyissä valtioissa. Yhtiö ei ole vastuussa, jos tällaisia rajoituksia rikotaan.

Tämän asiakirjan sisältämää tietoa ei tule tulkita tarjoukseksi myydä tai tarjouspyynnöksi ostaa tässä mainittuja arvopapereita, eikä arvopapereita myydä alueilla, joilla kyseisten arvopapereiden tarjoaminen, hankinta tai myynti olisi lainvastaista ennen niiden rekisteröintiä taikka rekisteröintivelvollisuutta koskevan poikkeuksen tai muun kyseisten alueiden arvopaperilakien mukaisen hyväksynnän saamista. Sijoittajien ei tule hyväksyä arvopapereita koskevaa tarjousta tai hankkia arvopapereita, joihin tämä asiakirja viittaa, elleivät he tee sitä Yhtiön julkaisemaan perustietoasiakirjaan ja ehtoihin sisältyviin tietoihin perustuen.

Tätä tiedotetta ei tule pitää tarjouksena myydä arvopapereita Yhdysvalloissa. Arvopapereita ei saa myydä Yhdysvalloissa, ellei niitä ole rekisteröity Yhdysvaltain arvopaperimarkkinoita valvovassa viranomaisessa (Securities and Exchange Commission) tai Yhdysvaltain vuoden 1933 arvopaperilain, muutoksineen, rekisteröinnistä säädetyn poikkeuksen mukaisesti. Yhtiön aikomuksena ei ole rekisteröidä mitään osaa Osakeannista Yhdysvalloissa eikä tarjota Tarjottavia Osakkeita tai mitään muita arvopapereita yleisölle Yhdysvalloissa.

Tämän tiedotteen levittäminen voi olla lailla rajoitettua, ja henkilöiden, jotka saavat haltuunsa tässä tiedotteessa mainittuja asiakirjoja tai muita tietoja, on hankittava tiedot näistä rajoituksista ja noudatettava niitä. Tämän tiedotteen sisältämiä tietoja ei ole tarkoitettu julkistettavaksi tai levitettäväksi, suoraan tai välillisesti, Yhdysvalloissa, Kanadassa, Australiassa, Hongkongissa, Etelä-Afrikassa, Singaporessa, Japanissa tai Uudessa-Seelannissa tai missään muussa valtiossa, jossa julkaiseminen tai levittäminen olisi lainvastaista. Näiden rajoitusten noudattamatta jättäminen voi johtaa näiden maiden arvopaperilakien rikkomiseen. Tätä tiedotetta ei ole suunnattu eikä tarkoitettu levitettäväksi millekään henkilölle tai taholle, jolla on kansalaisuus tai joka asuu tai oleskelee missä tahansa paikassa, osavaltiossa, maassa tai muulla alueella, jossa tällainen levittäminen, julkistaminen, saatavilla olo tai käyttäminen olisi lakien tai määräysten vastaista tai mikäli kyseisellä alueella vaaditaan rekisteröintejä tai lupia.

Tämä tiedote voidaan jakaa ja on suunnattu vain henkilöille, jotka ovat (i) Yhdistyneen kuningaskunnan ulkopuolella; tai (ii) vuoden 2000 rahoituspalvelu- ja markkinalain (Financial Services and Markets Act) (Financial Promotion) vuoden 2005 määräyksen (“Määräys”) artiklan 19(5) piiriin kuuluvia sijoitusalan ammattilaisia; tai (iii) Määräyksen artiklan 49(2)(a)-(d) piiriin kuuluvia korkean varallisuusaseman yhtiöitä (high net worth companies) ja muita henkilöitä, joille se voidaan laillisesti tiedottaa (kaikki tällaiset henkilöt jäljempänä “Relevantit henkilöt”). Kaikki tässä tiedotteessa mainitut arvopaperit on tarkoitettu vain Relevanteille henkilöille, ja jokainen kutsu, tarjous tai sopimus merkitä, ostaa tai muutoin hankkia sanottuja arvopapereita tehdään ainoastaan Relevanteille henkilöille. Kenenkään, joka ei ole Relevantti henkilö, ei tule toimia tämän tiedotteen perusteella tai luottaa siihen tai sen sisältöön.

Tämä tiedote ei ole eikä tämän tiedotteen liitteenä olevat Osakeannin ehdot ole asetuksessa (EU) 2017/1129 (“Esiteasetus”) tarkoitettu esite eikä ne sellaisenaan tai osaksi muodosta eikä niitä tule pitää tarjouksena myydä tai tarjouspyyntönä ostaa, hankkia tai merkitä Tarjottavia Osakkeita tai mitään muita arvopapereita tai kehotuksena sijoitustoimintaan ryhtymiseen.

Mitään sopimusta, sitoumusta tai sijoituspäätöstä ei tule tehdä perustuen tämän tiedotteen osaan tai tietoon sen levittämisestä, eikä näihin tule luottaa minkään sopimuksen, sitoumuksen tai sijoituspäätöksen yhteydessä. Tämän tiedotteen sisältämiä tietoja ei ole riippumattomasti vahvistettu. Tässä tiedotteessa annettujen tietojen tai näkemysten oikeudenmukaisuudesta, virheettömyydestä, täydellisyydestä tai oikeellisuudesta ei ole annettu mitään nimenomaisia tai hiljaisia vakuutuksia tai sitoumuksia, eikä näihin tulisi luottaa. Yhtiö tai mikään sen lähipiiriin kuuluvista tahoista, neuvonantajista tai edustajista tai mikään muu taho ei ole vastuussa mistään (tuottamuksellisesti tai muutoin aiheutuneesta) vahingosta, joka aiheutuu tämän tiedotteen käytöstä tai sen sisällöstä tai muutoin tämän tiedotteen yhteydessä. Jokaisen on luotettava omiin selvityksiinsä ja analyyseihinsa Yhtiöstä, sen tytäryhtiöistä, sen arvopapereista ja transaktioista, mukaan lukien niihin liittyvät hyödyt ja riskit.

Liite: Osakeannin ehdot

Liitteet

• Lataa tiedote pdf-muodossa.pdf
• Pallas Air Oyj - Merkintäetuoikeusannin ehdot (25.4.2024).pdf

Yhtiön osakkeenomistajat Vesa Mäkipää (21,2 prosenttia yhtiön osakkeista ja äänistä) ja Benjamin Shumin määräysvallassa oleva Lifa Air Environmental Technology Ltd (18,7 prosenttia osakkeista ja äänistä) ovat esittäneet Yhtiölle vaatimuksen vaihtaa Yhtiön hongkongilaiselle tytäryhtiölle Lifa Air International Ltd:lle antamansa kirjanpitoarvoltaan yhteensä 2,7 miljoonan euron määräiset pääomalainat Yhtiön osakkeiksi Yhtiön suunnittelemassa merkintäetuoikeusannissa. Kyseiset pääomalainat sovittiin Genano Oy Ab:n ja Lifa Air Oyj:n yhdistymisen yhteydessä erääntyviksi vuonna 2026 ja lisäksi sovittiin, että lainat voidaan vaihtaa yhtiön osakkeiksi. Lainasopimusten mukaan vaihto-oikeus on ehdollinen tarvittaville yhtiöoikeudellisille päätöksille.

Yhtiön hallitus on käsitellyt osakkeenomistajien vaihtovaatimukset ja se on arvioinut muun muassa, että Yhtiö tarvitsee tässä vaiheessa ensisijaisesti käteisvaroja Yhtiön maksukyvyn ylläpitämiseksi ja muihin myöhemmin julkistettavissa antiehdoissa kuvattaviin tarkoituksiin, minkä vuoksi hallitus ei hyväksy sitä, että pääomalainoja käytettäisiin nyt suunnitteilla olevassa merkintäetuoikeusannissa annettavien osakkeiden maksuna. Yhtiö on hankkinut asiasta ulkopuolisen asiantuntijan oikeudellisen arvion, joka tukee hallituksen päätöstä.

Pallas Air Oyj

Hallitus

Lisätietoja:

Hallituksen puheenjohtaja Mikael Rentto, puhelin: +358 40 500 3736mikael.rentto@pallasair.com

Hyväksytty neuvonantaja:Aktia Alexander Corporate Finance Oy, puhelin +358 50 520 4098

Jakelu:Nasdaq Helsinki OyFinanssivalvontaKeskeiset tiedotusvälineet

https://pallasair.com/

Tietoa Pallas Airista

Pallas Air on suomalainen vuonna 1988 perustettu puhtaan ja terveellisen hengitysilman ratkaisuja tarjoava teknologiayhtiö, jonka pääkonttori sijaitsee Helsingissä. Pallas Airin liiketoiminta jakautuu kolmeen liiketoiminta-alueeseen, jotka ovat ilmanpuhdistimet, energiatehokkaat ratkaisut sekä ilmanvaihtohygieniatuotteet.

Pallas Air on edelläkävijä erilaisten puhtaan ja terveellisen ilman mahdollistavien tuotteiden kehittämisessä. Yhtiön kilpailuedut perustuvat Yhtiön omaan teknologiaan sekä energiatehokkaaseen ilmanpuhdistukseen. Yhtiön puhtaan ja terveellisen ilman ratkaisuja voidaan käyttää useissa erilaisissa tiloissa, kuten esimerkiksi kodeissa, kouluissa, toimistoissa, sairaaloissa ja tehtaissa. Lisäksi Pallas Airin tuotteet soveltuvat lukuisiin erilaisiin tarpeisiin aina yksityiskäytöstä ammatillisiin käyttötarkoituksiin.

Vuonna 2023 Pallas Air -konsernin liikevaihto oli 3,5 (4,4) miljoonaa euroa ja Yhtiön käyttökate (EBITDA) oli -2,9 (-3,9) miljoonaa euroa. Konsernin palveluksessa oli keskimäärin 52 (55) henkilöä.

Vuonna 2023 Pallas Air -konsernin liikevaihto oli 3,5 (4,4) miljoonaa euroa ja Yhtiön käyttökate (EBITDA) oli -2,9 (-3,9) miljoonaa euroa. Konsernin palveluksessa oli keskimäärin 52 (55) henkilöä.

Liitteet

• Lataa tiedote pdf-muodossa.pdf

Pallas Air Oyj:n hallituksen toimintakertomus, tilinpäätös ja tilintarkastuskertomus vuodelta 2023 on julkaistu.

Tilinpäätökseen on tehty muutoksia 28.3.2024 julkistettuun tilintarkastamattomaan tilinpäätöstiedotteeseen verrattuna koskien tuloslaskelman veroja ja oman pääoman ehtoisen lainan käsittelyä, joka on käsitelty tilinpäätöksessä vieraana pääomana. Muutokset eivät ole olennaisia.

Tilintarkastaja on tilintarkastuskertomuksessaan painottanut alla olevaa kahta seikkaa. Tilintarkastaja ei ole mukauttanut lausuntoaan näiden seikkojen osalta.

***

Tietyn seikan painottaminen – toiminnan jatkuvuuteen liittyvä olennainen epävarmuus

Tilintarkastaja kiinnittää huomiota tilinpäätöksen liitetietojen kohtaan ”Oletus toiminnan jatkuvuudesta”, jossa todetaan muun muassa seuraavasti:

”Yhtiön positiivisen kassavirtaennusteen toteutuminen 12 kuukautta tilinpäätöspäivästä alkaen ja sitä kautta toiminnan jatkuvuuden varmistaminen edellyttää toimitusten ja myyntikatteen kasvua sekä liiketoiminnan kulujen pienentymistä vuoteen 2023 verrattuna. Tämä varmistaisi suunnitelmien mukaiset positiiviset operatiiviset kassavirrat. Mikäli käänneohjelman toteuttaminen epäonnistuisi, liiketoiminnan kassavirta olisi merkittävästi ennakoitua heikompi, mikä heikentäisi yhtiön taloudellista asemaa ja lisäisi maksuvalmiusriskiä.

Pallas Air Oyj:n ylimääräinen yhtiökokous 13.2.2024 päätti valtuuttaa hallituksen päättämään enintään 275.000.000 yhtiön uuden osakkeen antamisesta alustavasti bruttomäärältään noin viiden miljoonan euron merkintäetuoikeusannin toteuttamiseksi. Osakeannilla kerättävillä varoilla pyritään vahvistamaan yhtiön pääomarakennetta ja parantamaan yhtiön likviditeettiä sekä mahdollistamaan strategian toteuttamista. Valtuutus on voimassa 30.6.2024 asti. Yhtiö on saanut sen pääomistajilta, Rentto Oy:ltä ja Mikael Renttolta, yhteensä noin 2 miljoonan euron sitoumuksen osakkeiden merkitsemiseen suunnitellussa kevään 2024 merkintäetuoikeusannissa. Yhtiö suunnittelee keräävänsä merkintäetuoikeusannilla yhteensä noin viiden 5 miljoonan euron bruttovarat. Mikäli osakeannilla kerättävät varat jäisivät alle 3,5 miljoonan euron, Yhtiön käyttöpääoma ei välttämättä riitä Yhtiön tarpeisiin seuraavan 12 kuukauden ajaksi eikä Yhtiön maksuvalmiusriski poistu. Mikäli merkintäetuoikeusannista saatavat varat jäisivät olennaisesti alhaisemmaksi kuin yhtiö arvioi, heikentäisi tämä yhtiön taloudellista asemaa ja lisäisi maksuvalmiusriskiä.”

Kuten tilinpäätöksen liitetiedoissa on todettu, edellä mainitut tapahtumat ja olosuhteet osoittavat sellaista olennaista epävarmuutta, joka saattaa antaa merkittävää aihetta epäillä Pallas Air Oyj:n ja konsernin kykyä jatkaa toimintaansa.  

***

Tietyn seikan painottaminen – liikearvon ja tytäryhtiöosakkeiden arvostus

Tilintarkastaja kiinnittää huomiota tilinpäätöksen liitetietoon ”Pysyvien vastaavien sijoitukset”, jossa kerrotaan konsernitilinpäätöksen liikearvoon ja emoyhtiön taseen tytäryhtiöosakkeisiin liittyvistä arvostusperusteista. Konsernin tuloskehitys on ollut tappiollista.

Pallas Airin liikearvon ja tytäryhtiöosakkeiden arvostukseen liittyy epävarmuuksia. Liikearvon 5,9 miljoonaa euroa sekä tytäryhtiöosakkeiden 11,4 miljoonaa euroa (tytäryhtiöiden arvo emoyhtiön taseessa) arvostus riippuu suunnitellun käänneohjelman ja toiminnan kannattavuuden toteutumisesta.

Mikäli tämä epäonnistuisi, voisi näistä tulevaisuudessa aiheutua näiden erien alaskirjauksia.

 

***

Materiaalit ovat tämän tiedotteen liitteenä ja luettavissa Pallas Airin verkkosivuilta osoitteessa https://pallasair.com/raportit-ja-esitykset/

Pallas Air Oyj

Hallitus

Hyväksytty neuvonantaja:Aktia Alexander Corporate Finance Oy, puhelin +358 50 520 4098

Jakelu:Nasdaq Helsinki OyFinanssivalvontaKeskeiset tiedotusvälineet

https://pallasair.com/

Tietoa Pallas Airista

Pallas Air on suomalainen vuonna 1988 perustettu puhtaan ja terveellisen hengitysilman ratkaisuja tarjoava teknologiayhtiö, jonka pääkonttori sijaitsee Helsingissä. Pallas Airin liiketoiminta jakautuu kolmeen liiketoiminta-alueeseen, jotka ovat ilmanpuhdistimet, energiatehokkaat ratkaisut sekä ilmanvaihtohygieniatuotteet.

Pallas Air on edelläkävijä erilaisten puhtaan ja terveellisen ilman mahdollistavien tuotteiden kehittämisessä. Yhtiön kilpailuedut perustuvat Yhtiön omaan teknologiaan sekä energiatehokkaaseen ilmanpuhdistukseen. Yhtiön puhtaan ja terveellisen ilman ratkaisuja voidaan käyttää useissa erilaisissa tiloissa, kuten esimerkiksi kodeissa, kouluissa, toimistoissa, sairaaloissa ja tehtaissa. Lisäksi Pallas Airin tuotteet soveltuvat lukuisiin erilaisiin tarpeisiin aina yksityiskäytöstä ammatillisiin käyttötarkoituksiin.

Vuonna 2023 Pallas Air -konsernin liikevaihto oli 3,5 (4,4) miljoonaa euroa ja Yhtiön käyttökate (EBITDA) oli -2,9 (-3,9) miljoonaa euroa. Konsernin palveluksessa oli keskimäärin 52 (55) henkilöä.

Liitteet

• Lataa tiedote pdf-muodossa.pdf
• Pallas Air Oyj - Tilinpäätös ja toimintakertomus 2023 (25.04.2024).pdf
• Pallas Air Oyj - Tilintarkastuskertomus 2023 (25.4.2024).pdf

Aqua Bio Technology ASA ("ABT", and together with its subsidiaries, the "Group") has, as of the first quarter of 2024, achieved NOK 35 million in gross revenues on a consolidated basis with a positive EBITDA. The Group subsidiary, Cover Brands AS, was consolidated into the Group's financial accounts from 1 January 2024. On 12 April 2024, ABT completed the acquisition of Ovalen AS, which will be consolidated into the Group's financial accounts with effect from 1 May 2024. The Group's revenues for the first quarter of 2024 has not been audited.

Considering that Q1 is typically the weakest quarter in this segment, with 60% of annual turnover normally occurring in Q3 and Q4, ABT is on track with its previous guidance for a turnover of NOK 140-150 million in 2024. With the integration of Ovalen AS (www.pusteromhudpleie.no) starting from Q2, and assuming satisfactory due diligence and the completion of the acquisition of 3D Innovation Nordic AS and its affiliated companies in Q2, ABT anticipates that the turnover for 2024 will reach NOK 200-210 million and that the pro forma turnover for 2024 for the Group will exceed NOK 250 million.

Following ABT's acquisition activity, the preparation of the Group's annual financial statements for 2023 has taken longer than anticipated. Consequently, ABT updates its financial calendar as follows:

FINANCIAL YEAR 2023

14.06.2024 – Annual Report

FINANCIAL YEAR 2024

23.08.2024 – Half-yearly Report

28.06.2024 – Annual General Meeting

06.11.2024 – Quarterly Report – Q3

12.02.2025 – Quarterly Report – Q4

 

This information is published in accordance with the requirements of the Continuing Obligations in Euronext Oslo Børs Rule Book II.

 

 

Disclosure regulation

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act.

Contacts

• Håvard Lindstrøm, 004794132288, hl@aquabiotech.no

About Aqua Bio Technology ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainablebiotechnology for use in skin care products. ABT's cosmetics ingredients arehighly effective and they provide the cosmetics industry with naturalalternatives to traditional ingredients. ABT is also marketing and distributingnatural skin care products developed by partners towards consumers andprofessional users. Aqua Bio Technology is listed on Euronext Expand.

Attachments

• Download announcement as PDF.pdf

Aqua Bio Technology ASA ("ABT", and together with its subsidiaries, the "Group") has, as of the first quarter of 2024, achieved NOK 35 million in gross revenues on a consolidated basis with a positive EBITDA. The Group subsidiary, Cover Brands AS, was consolidated into the Group's financial accounts from 1 January 2024. On 12 April 2024, ABT completed the acquisition of Ovalen AS, which will be consolidated into the Group's financial accounts with effect from 1 May 2024. The Group's revenues for the first quarter of 2024 has not been audited.

Considering that Q1 is typically the weakest quarter in this segment, with 60% of annual turnover normally occurring in Q3 and Q4, ABT is on track with its previous guidance for a turnover of NOK 140-150 million in 2024. With the integration of Ovalen AS (www.pusteromhudpleie.no) starting from Q2, and assuming satisfactory due diligence and the completion of the acquisition of 3D Innovation Nordic AS and its affiliated companies in Q2, ABT anticipates that the turnover for 2024 will reach NOK 200-210 million and that the pro forma turnover for 2024 for the Group will exceed NOK 250 million.

Following ABT's acquisition activity, the preparation of the Group's annual financial statements for 2023 has taken longer than anticipated. Consequently, ABT updates its financial calendar as follows:

FINANCIAL YEAR 2023

14.06.2023 – Annual Report

FINANCIAL YEAR 2024

 23.08.2024 – Half-yearly Report

28.06.2024 – Annual General Meeting

06.11.2024 – Quarterly Report – Q3

12.02.2025 – Quarterly Report – Q4

 

This information is published in accordance with the requirements of the Continuing Obligations in Euronext Oslo Børs Rule Book II.

 

Disclosure regulation

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act.

Contacts

• Håvard Lindstrøm, 004794132288, hl@aquabiotech.no

About Aqua Bio Technology ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainablebiotechnology for use in skin care products. ABT's cosmetics ingredients arehighly effective and they provide the cosmetics industry with naturalalternatives to traditional ingredients. ABT is also marketing and distributingnatural skin care products developed by partners towards consumers andprofessional users. Aqua Bio Technology is listed on Euronext Expand.

Attachments

• Download announcement as PDF.pdf

COMPANY ANNOUNCEMENT - No. 4-2024 - 25 April 2024

BIRKERØD, DENMARK - ViroGates A/S, a medical technology company developing blood tests for better triaging in hospitals to improve patient care and reduce healthcare costs, today held its annual general meeting at the company headquarters Banevænget 13, 3460 Birkerød, Denmark.

Reference is made to company announcement no. 02-2024 of 10 April 2024, setting out the agenda and complete proposals.

The following resolutions were passed:

Attorney-at-law Jens Folker-Bruun was elected chairman of the general meeting.

The general meeting approved the board’s report on the company’s business for 2023.

The annual report was approved.

It was resolved to transfer the loss for the financial year 2023 of DKK -12,096,105 to the following year.

An indicative vote approved the remuneration report.

Patrik Dahlen, Lars Kongsbak and Valérie Soulier were re-elected as board members.

It was resolved that the annual remuneration fee for the board’s work in 2024 will remain unchanged at DKK 150,000 for the chairman and DKK 75,000 for each of the other directors.

BDO Statsautoriseret Revisionsaktieselskab was re-elected as auditor for the company.

The proposal for amending Articles 2.3 and 2.3.1 was approved.

The proposal to authorize the Chairman of the meeting (with substitution rights) to register the decisions was approved.

Nothing related to this point on the agenda was resolved.

The announcement can be found at https://www.virogates.com/investor/announcements 

For further information, please contact:

ViroGates A/S:

CEO, Jakob Knudsen

Tel. (+45) 2226 1355, email: jk@virogates.com

Certified Advisor:

Västra Hamnen Corporate Finance

Per Lönn

Tel. (+46) 40 200 250, email: per.lonn@vhcorp.se

About ViroGates

ViroGates A/S is an international medical technology company developing and marketing blood test products under the suPARnostic® brand for better triaging in hospitals to improve patient care, reduce healthcare costs and empower clinical staff.

The company was founded in 2000. Headquartered in Denmark, ViroGates’ sales force covers Spain, France, and Benelux, while distributors serve other markets. ViroGates’ shares (VIRO) are listed on Nasdaq First North Growth Market Denmark. For more information, please visit www.virogates.com.

About suPAR and suPARnostic®

suPAR is the biomarker detected by ViroGates’ suPARnostic® products and is a protein in plasma, measurable in every human being. suPAR is considered a general risk status biomarker indicating disease presence, disease severity and progression, organ damage and mortality risk across disease areas such as cardiovascular diseases, kidney diseases, type 2 diabetes, cancer, etc. Strong scientific evidence from more than 1000 clinical trials and studies show that the higher the level of suPAR, the worse the prognosis for the patient.

The suPARnostic® products can be used to support healthcare professionals in making clinical decisions. The increasing demands on health systems globally and tightening healthcare budgets necessitate efficiency improvements and innovative solutions in hospitals. The use of suPAR in triage in emergency departments can identify patients in low risk of disease progression (supports discharge) and high risk patients that can benefit from early treatment to lower the risk of disease progression. suPARnostic® TurbiLatex is currently available on Roche Diagnostics’ cobas® instruments, Siemens Healthineers ADVIA® XPT and Atellica® instruments, the Abbott Labs Architect™ and Alinity™ instruments and the Beckmann Coulter AU 5800 instrument. ViroGates works with partners to develop solutions for other platforms. ViroGates has recently launched its Point of Care suPARnostic® POC+ product, a platform that uses only a few drops of finger-prick blood instead of plasma for full quantitative suPAR results in less than 20 minutes.

Disclosure regulation

Prospects about the future reflect ViroGates' current expectations for future events and results. The statements are by nature inherent in risks, uncertainties and other matters that are difficult to predict or out of control. The actual results may therefore differ from the expectations expressed.

Contacts

• Jakob Knudsen, CEO, +45 2226 1355, jk@virogates.com

Attachments

• 20240425-Company Announcement 4 - AGM resolutions.pdf

The annual general meeting in Lime Technologies AB (publ) was held on Thursday, 25 April 2024.

Adoption of the profit and loss accounts and the balance sheets and resolutions on dividend and discharge of liabilityThe annual general meeting resolved to adopt the profit and loss account, the balance sheet, the consolidated profit and loss account and the consolidated balance sheet for the financial year 2023.

The annual general meeting resolved to pay a dividend of SEK 3.50 per share, which will be paid in two parts of SEK 1.75 per share at each time. The annual general meeting resolved that 29 April 2024 is the record date for the first part of the dividend and that 29 October 2024 is record date for the second part of the dividend. The dividend is to be paid through Euroclear Sweden AB. The first part of the dividend is estimated to be paid on 3 May 2024 and the second part of the dividend is estimated to be paid on 1 November 2024.

The board of directors and the CEO were discharged from liability for the financial year 2023.

Presentation of the remuneration report for approval

The annual general meeting approved of the board of directors remuneration report for 2023. The remuneration report is available on the Company’s website, www.lime-technologies.com.

Determination of the number of members of the board of directors and election of the board of directors

The annual general meeting resolved that, for the period until the annual general meeting 2025, the board shall consist of five board members.

The annual general meeting resolved to re-elect Erik Syrén, Johanna Fagerstedt, Marlene Forsell, Lars Stugemo and Emil Hjalmarsson as members of the board of directors for the period until the close of the annual general meeting 2025.

Erik Syrén was re-elected as chairman of the board of directors for the same period.

Determination of the fees to be paid to the board of directors and fees to be paid to the auditor

The annual general meeting resolved that the total fees to be paid to the board members for the period until the next annual general meeting shall be SEK 1,215,000 (SEK 1,215,000 the previous year), with SEK 375,000 (SEK 375,000) to the chairman of the board of directors and SEK 210,000 (SEK 210,000) to each of the other board members. The annual general meeting also resolved that the additional fees to be paid to each of the members of the audit committee for the period until the next annual general meeting shall be SEK 90,000 (90,000), with SEK 60,000 (60,000) to the chairman of the audit committee and SEK 30,000 (30,000) to each of the members of the audit committee.

The annual general meeting resolved that the fees to the auditor shall be paid against approved account.

Election of auditor

The annual general meeting resolved that the registered accounting firm Öhrlings PricewaterhouseCoopers AB be re-elected as auditor for the period until the close of the annual general meeting 2025. Ola Bjärehäll is the auditor-in-charge.

Resolution on guidelines for remuneration to the senior executives

The annual general meeting resolved on guidelines for remuneration to the senior executives in accordance with the board of directors’ proposal. The guidelines are available on the company’s website, www.lime-technologies.com. The new guidelines for executive remuneration are largely unchanged from the ones approved by the annual general meeting 2022. However, maximum variable remuneration for certain senior executives was increased from twenty-five to thirty-five per cent in accordance with the board of director’s proposal.

Resolution on authorisation of the board of directors to issue shares

The annual general meeting resolved to authorise the board of directors to, on one or more occasions before the annual general meeting 2025, resolve on issues of shares against payment in cash, with provisions of payment in kind or set-off of claims or other conditions, and carried out with or without deviation from the shareholders’ preferential rights. The authorisation is limited to ten per cent of the total amount of shares currently outstanding in the company. If issues of shares are carried out with deviation from the shareholders’ preferential rights, the issues shall be made at market terms and conditions.

Disclosure regulation

The information was submitted for publication, through the agency of the mentioned contact person, at 19.00 CEST on April 25, 2024.

Contacts

• Maria Wester, CFO, +46 (0)732 04 44 54, maria.wester@lime.tech

About Lime Technologies AB (publ)

Lime helps businesses to become better at customer care. The company develops and sells digital products for development and management of customer relationships. Lime was founded in 1990 and has over 400 employees. The company has offices in Lund, Stockholm, Gothenburg, Malmö, Gävle, Oslo, Copenhagen, Utrecht, Cologne, Helsinki and Krakow. Their customers include everything from sole traders to large organisations. www.lime-technologies.com

Attachments

• Download announcement as PDF.pdf

The annual general meeting of Cyviz AS, org. no 965 451 129 will be held on 16 May 2024 at 11:00. The general meeting will be held digitally via Teams.

The notice of the annual general meeting is enclosed and will also be made available at Investor Relations - Cyviz 

Power of attorney must be received by 14 May 2024 at 09:00. Power of attorney form is attached to the notice as Appendix 1.

Disclosure regulation

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Contacts

• Espen Gylvik, CEO, Cyviz AS, +4791330644, espen.gylvik@cyviz.com
• Karl Peter Gombrii, CFO, Cyviz, (+47) 92822969, karl.gombrii@cyviz.com

About Cyviz

About Cyviz 

Cyviz is a global technology provider for comprehensive conference and control rooms as well as command and experience centers. Since 1998, we have created next level collaboration spaces, assuring inclusive meeting experiences for in person and remote attendance.

Cyviz serves global enterprises and governments with the highest requirements for usability, security, decision making and quality. The cross-platform experience Cyviz delivers to manage and control systems and resources across the enterprise, makes Cyviz the preferred choice for customers with complex needs.

Find out more on www.cyviz.com or visit one of our Cyviz Experience Centers in Atlanta, Benelux, Dubai, Houston, Jakarta, London, Oslo, Riyadh, Singapore, Stavanger, or Washington DC.

Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ).

Attachments

• Cyviz annual general meeting 2024.pdf