Boreo Oyj

Ticker/ISIN
BOREO
FI0009900724
Marknad/Land
Main Market, Helsinki
Sweden
Senaste aktiekurs
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Hittills i år

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3 månader

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6 månader

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Yleiselektroniikka is a Finnish electronics company that provides mainly the Finnish, Baltic, and Russian market areas with electronic components, services and tools. Yleiselektroniikka also sells directly to individual consumers.In Finland, the main office, warehouse and main shop are located in Espoo, near Helsinki. There is also one shop in Helsinki itself, as well as a sales office in Tampere. Yleiselektroniikka also has sales offices in Russia, Estonia,Ukraine, Latvia and Lithuania.

Senaste sammanfattade pressmeddelande

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.

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Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Boreo Oyj

Transaktioner utförda av personer i ledande ställning: Boreo Plc - Managers' transactions - Preato Capital AB

Boreo Plc has reported a transaction involving Preato Capital AB, a closely associated entity. On June 13, 2024, Preato Capital AB acquired shares of Boreo Oyj on NASDAQ Helsinki Ltd. The transaction details are as follows: 47 shares at 20.5 EUR each, 10 shares at 20.3 EUR each, 16 shares at 20.5 EUR each, and 77 shares at 20.6 EUR each, totaling 150 shares with a volume-weighted average price of 20.538 EUR. The notification is identified with reference number 66289/4/4 and was made by Simon Hallqvist, a member of Boreo's Board. Boreo Plc focuses on acquiring and developing small and medium-sized companies, 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 its headquarters in Vantaa. Further information can be obtained from CFO Aku Rumpunen.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Boreo Oyj

Ändring av styrelse/ledning/revisor: Change in Boreo Plc's Management team

Boreo Plc announced that Chief Financial Officer Aku Rumpunen will leave the company to pursue other opportunities, remaining in his role until October 2024. The recruitment process for a new CFO will start immediately. CEO Kari Nerg thanked Rumpunen for his contributions. Boreo Plc, listed on Nasdaq Helsinki, focuses on long-term profit generation by acquiring and developing small and medium-sized companies in the Electronics and Technical Trade sectors. 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.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Boreo Oyj

Transaktioner utförda av personer i ledande ställning: Boreo Plc - Managers' transactions - Preato Capital AB

Boreo Plc reported a transaction involving Preato Capital AB, a closely associated legal entity. Simon Hallqvist, a board member of Boreo, executed the transaction on June 10, 2024, at NASDAQ Helsinki. The transaction involved the acquisition of shares, with a total volume of 400 shares at a volume-weighted average price of 19.73213 EUR per share. For further details, contact CFO Aku Rumpunen. Boreo is a Nasdaq Helsinki-listed company focused on long-term profit generation through acquiring and developing small and medium-sized companies, with business operations in Electronics and Technical Trade. In 2023, Boreo reported net sales of EUR 161 million and employs over 300 people across seven countries, with headquarters in Vantaa.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Boreo Oyj

Transaktioner utförda av personer i ledande ställning: Boreo Plc - Managers' transactions - Preato Capital AB
Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Boreo Oyj

Transaktioner utförda av personer i ledande ställning: Boreo Plc - Managers' transactions - Jouni Grönroos

Jouni Grönroos, a member of the board at Boreo Plc, has received a share-based incentive. The transaction, which took place on May 14, 2024, involved 459 shares at a unit price of 0 EUR. The shares were not traded on a venue. Boreo Plc is a company listed on Nasdaq Helsinki, which aims to generate sustainable long-term profit by owning, acquiring, and developing small and medium-sized companies. In 2023, the company's net sales reached EUR 161 million. Boreo employs over 300 people in seven countries and is headquartered in Vantaa.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Boreo Oyj

Transaktioner utförda av personer i ledande ställning: Boreo Plc - Managers' transactions - Camilla Grönholm

Camilla Grönholm, a member of the board at Boreo Plc, has received a share-based incentive comprising 459 shares, as per a notification issued on 14 May 2024. The transaction took place outside a trading venue and the shares were given at a unit price of 0 EUR. Boreo is a listed company on Nasdaq Helsinki, focused on acquiring and developing small and medium-sized companies. In 2023, the company reported net sales of EUR 161 million and employs over 300 people across seven countries.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Boreo Oyj

Transaktioner utförda av personer i ledande ställning: Boreo Plc - Managers' transactions - Ralf Holmlund

Ralf Holmlund, a member of the board at Boreo Plc, has received a share-based incentive, according to an initial notification. The transaction, which took place outside a trading venue on May 14, 2024, involved 459 shares at a unit price of 0 EUR. Boreo Plc, listed on Nasdaq Helsinki, focuses on owning, acquiring, and developing small and medium-sized companies in the long-term. The company, which operates in the electronics and technical trade sectors, generated net sales of EUR 161 million in 2023 and employs over 300 people across seven countries.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Boreo Oyj

Transaktioner utförda av personer i ledande ställning: Boreo Plc - Managers' transactions - Noora Neilimo-Kontio

Noora Neilimo-Kontio, a board member of Boreo Plc, has received a share-based incentive of 459 shares, according to an initial notification. The transaction did not occur on a trading venue and the shares were priced at 0 EUR. Boreo Plc is a company listed on Nasdaq Helsinki that focuses on the long-term development of small and medium-sized companies, specifically in the electronics and technical trade sectors. The company reinvests the profits generated by its portfolio of companies into operations or acquisitions with expected high returns on capital. In 2023, the company reported net sales of EUR 161 million and currently employs over 300 people across seven countries.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Boreo Oyj

Förändringar i återköpta aktier: Transfer of Boreo Plc's own shares

Boreo Plc, a company listed on Nasdaq Helsinki, has transferred 2,295 of its own shares to its Board of Directors as part of their remuneration, based on a decision made at the General Meeting on 17 April 2024. Following this transfer, Boreo now holds 11,716 of its own shares. The company decided at the General Meeting that 40% of the board fees payable to regular board members by the next annual meeting will be paid in company shares, while 60% will be paid in cash. The Chairman's remuneration will be entirely in cash. Boreo is a long-term value creator, acquiring and developing small and medium-sized companies, with a net sales of EUR 161 million in 2023.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Boreo Oyj

Transaktioner utförda av personer i ledande ställning: Boreo Plc - Managers' transactions - Jussi Vanhanen

Jussi Vanhanen, a board member of Boreo Plc, has received a share-based incentive according to an initial notification. The transaction, which took place outside a trading venue on May 14, 2024, involved 459 shares with a unit price of 0 EUR. Boreo Plc is a company listed on Nasdaq Helsinki, focused on acquiring and developing small and medium-sized companies for long-term value creation. The firm's business operations are divided into Electronics and Technical Trade. The company's net sales in 2023 were EUR 161 million, and it employs over 300 people in seven countries.