Pressmeddelanden, rapporter och bolagsmeddelande för Boreo Oyj

Boreo Plc announced its financial reporting schedule for 2025, with reports to be published in Finnish and English around 9:00 EET. The company observes a 30-day silent period before publication. The Annual Report, including the Board of Directors' Report and 2024 financial statements, will be available in week 11. The Annual General Meeting is set for 15 April 2025, with the Board of Directors to convene it later. Boreo, listed on Nasdaq Helsinki, focuses on long-term profit by acquiring and developing small and medium-sized companies, with operations in Electronics and Technical Trade. The company reinvests profits for sustainable growth and had net sales of EUR 161 million in 2023, employing over 300 people across seven countries. Its headquarters is in Vantaa.

Boreo Plc's interim report for January to September 2024 indicates a challenging financial environment. The company focuses on long-term profit through acquiring and developing entrepreneurial companies. Despite a 31% drop in Q3 net sales compared to the previous year, Boreo managed to maintain profitability with an operational EBIT of EUR 1.8 million, supported by cost savings. Fixed costs decreased significantly, and the gross margin improved to 32%. However, profitability was affected by increased trade working capital and decreased profits. The company's return on capital employed and return on trade working capital both declined. Boreo remains confident in its business model and strategy, anticipating future earnings growth as market conditions improve. The company does not provide short-term financial guidance but aims for sustainable earnings growth with attractive returns on capital. A webcast presentation of the financial statements was scheduled for October 31, 2024. Boreo is listed on Nasdaq Helsinki and focuses on the Electronics and Technical Trade sectors, employing over 300 people across seven countries.

Boreo Plc announced it will release its Interim Report for January-September 2024 on 31 October 2024 at 09:00 EET. The report will be accessible on Boreo's website. CEO Kari Nerg and CFO Jesse Petäjä will present the report in a webcast at 11:00 EET, which will be conducted in English and include a Q&A session. The webcast can be viewed live and will also be available as a recording on the company's website. Boreo is a Nasdaq Helsinki-listed company focused on long-term profit generation through acquiring and developing small to medium-sized companies. It operates in two business areas: Electronics and Technical Trade. In 2023, Boreo reported net sales of EUR 161 million and has over 300 employees across seven countries, with its headquarters in Vantaa.

Boreo Plc's half-year report for January to June 2024 highlights a challenging market environment but notes improvements in profitability due to cost-saving measures and strong sales margins. Key financial figures show a 20% decrease in net sales compared to the previous year, with operational EBIT remaining stable at EUR 2.4 million for Q2 2024. Despite a decrease in revenue, some businesses like Floby Nya Bilverkstad, Filterit, and Infradex saw significant growth. The company faced a negative operating cash flow of EUR -1.9 million in Q2, attributed to a seasonal increase in working capital. Boreo's focus remains on sustainable long-term profit generation through its business model, which involves acquiring and developing entrepreneurial companies. The company aims to improve profitability and reduce debt in the coming quarters. A webcast for investors, analysts, and media is scheduled for August 7, 2024, to discuss the report in detail.

Boreo Plc has announced the appointment of Jesse Petäjä as the new Chief Financial Officer, effective from September 1, 2024. He will succeed Aku Rumpunen, who is leaving the company to explore new opportunities but will remain with Boreo until October 2024. Petäjä has been with Boreo since 2021, leading the M&A function and co-heading the Technical Trade business area. CEO Kari Nerg expressed confidence in Petäjä's capabilities in his new role. Boreo is a Nasdaq Helsinki-listed company focused on acquiring and developing small and medium-sized businesses, with operations in Electronics and Technical Trade. The company reported net sales of EUR 161 million in 2023 and employs over 300 people across seven countries.

Boreo Plc will release its Half Year Financial Report for January-June 2024 on 7 August 2024 at 09:00 EET, available on their website. CEO Kari Nerg and CFO Aku Rumpunen will present the report in a webcast at 11:00 EET on the same day, with a recording available later. Boreo, listed on Nasdaq Helsinki, focuses on long-term profit generation through the acquisition and development of small and medium-sized companies in Electronics and Technical Trade. In 2023, Boreo had net sales of EUR 161 million and employs over 300 people across seven countries. The company is headquartered in Vantaa.

Boreo Plc reported managers' transactions involving Preato Capital AB. Simon Hallqvist, a member of Boreo's Board, is associated with these transactions. The transactions occurred on June 28, 2024, on NASDAQ Helsinki Ltd and involved the acquisition of shares with varying volumes and prices, totaling 500 shares at a volume-weighted average price of 19.6387 EUR. Boreo Plc, listed on Nasdaq Helsinki, focuses on owning and developing small and medium-sized companies in the Electronics and Technical Trade sectors, aiming for sustainable long-term profit. In 2023, Boreo's net sales were EUR 161 million, and it employs over 300 people across seven countries, headquartered in Vantaa. For further information, contact CFO Aku Rumpunen.

Boreo Plc reported a manager’s transaction involving Preato Capital AB, a closely associated entity, with Simon Hallqvist, a member of Boreo's Board, being the person discharging managerial responsibilities. The transaction, which took place on June 27, 2024, at NASDAQ Helsinki, involved the acquisition of shares with different volumes and unit prices, totaling 200 shares at a volume-weighted average price of 19.89 EUR. Boreo Plc, listed on Nasdaq Helsinki, focuses on acquiring and developing small and medium-sized companies in the Electronics and Technical Trade sectors to generate sustainable long-term profits. In 2023, Boreo reported net sales of EUR 161 million and employs over 300 people across seven countries. The company's headquarters is in Vantaa. Further details can be obtained from CFO Aku Rumpunen.

Boreo Plc has reported a series of transactions involving Preato Capital AB, a legal entity closely associated with Simon Hallqvist, a member of Boreo’s Board. The transactions, which took place on June 25, 2024, on NASDAQ Helsinki, involved the acquisition of shares at various unit prices, with a total volume of 350 shares and a volume-weighted average price of 18.85186 EUR per share. For further information, contact Aku Rumpunen, CFO of Boreo. Boreo is a company listed on Nasdaq Helsinki that focuses on owning, acquiring, and developing small and medium-sized companies in the Electronics and Technical Trade sectors, aiming for sustainable long-term profit generation. In 2023, Boreo reported net sales of EUR 161 million and employs over 300 people across seven countries, with headquarters in Vantaa.

Boreo Plc reported a manager's transaction involving Preato Capital AB, a closely associated legal entity. Simon Hallqvist, a member of Boreo's Board, was involved in the transaction. The notification pertains to an acquisition of shares on June 24, 2024, at NASDAQ Helsinki. The transaction involved multiple purchases totaling 350 shares at a volume-weighted average price of 18.61829 EUR per share. Boreo is a company listed on Nasdaq Helsinki, focused on acquiring and developing small and medium-sized enterprises in electronics and technical trade. In 2023, Boreo had net sales of EUR 161 million and employed over 300 people across seven countries. The company's headquarters are in Vantaa.