Componenta Oyj

Componenta Oyj released a business review for January to September 2024, highlighting a decrease in net sales by 12% to EUR 70.3 million, attributed to lower delivery volumes and reduced raw material and energy index levels. The EBITDA dropped to EUR 3.1 million, with an operating result of EUR -0.9 million, impacted by lower sales volumes, production inefficiencies, and strikes. Despite challenges, the order book grew slightly, and profitability improved in the second and third quarters. Componenta maintained good liquidity and completed the acquisition of the Kalajoki plant and Sepänkylä machining and service center, enhancing its production portfolio. The company expects net sales and EBITDA to improve in 2024 but acknowledges uncertainties due to geopolitical tensions and economic conditions. Componenta's equity ratio decreased to 40.1%, with interest-bearing net debt rising to EUR 10.3 million. The company continues to manage risks related to raw material availability and price fluctuations, and it remains focused on meeting customer demands and strengthening its market position.

On 30 September 2024, Componenta Corporation announced the establishment of its Shareholders’ Nomination Board, as resolved by the General Meeting. The board, consisting of three members nominated by the largest shareholders recorded in Componenta’s shareholders' register on 31 August, is tasked with preparing proposals for the election and remuneration of Board of Directors members for the Annual General Meeting. The Chairman of Componenta’s Board of Directors will serve as an expert member. Harri Suutari was elected as Chairman of the Nomination Board in its first meeting. The Nomination Board will submit its proposals to the Board of Directors by 31 January 2025, which will then be included in the notice of the annual general meeting. Componenta Corporation is a leading contract manufacturer in Finland's machine building industry, with its stock listed on Nasdaq Helsinki.

Componenta Corporation announced its financial calendar for 2025. The Annual Review for 2024, including Financial Statements and the Board of Directors' Report, will be published in week 13. The Corporate Governance Statement and the Remuneration Report for 2024 will also be released. The Annual General Meeting is scheduled for 23 April 2025, with a formal invitation to be issued later. For more details, contact Sami Sivuranta, President and CEO, or Marko Karppinen, CFO. Componenta Corporation is a leading Finnish contract manufacturer in the machine building industry, listed on Nasdaq Helsinki.

Componenta Corporation announced a managers' transaction involving its CEO, Sami Sivuranta. The transaction, dated September 9, 2024, involves the acceptance of 16,668 stock options under the Componenta Oyj 2023B option program, with a unit price of 0.00 EUR. The company is an international technology firm and a leading contract manufacturer in Finland, specializing in components for global machinery and equipment manufacturers. Componenta Corporation's stock is listed on Nasdaq Helsinki. For more information, contact General Counsel Hanna Seppänen.

Componenta Corporation has announced a managers' transaction involving Pasi Mäkinen, a senior manager at the company. The transaction, dated September 9, 2024, involves the acceptance of 16,668 stock options under the 2023B-option program, with a unit price of 0.00 EUR. Further inquiries can be directed to Hanna Seppänen, General Counsel. Componenta Corporation is a leading Finnish contract manufacturer in the machine building industry, listed on Nasdaq Helsinki.

On September 10, 2024, Componenta Corporation announced a notification of a manager's transaction involving its shares. The transaction was made by Marko Karppinen, the Chief Financial Officer of Componenta. The transaction, dated September 9, 2024, involved the acceptance of 16,668 stock options from the 2023B-option program, with a unit price of 0.00 EUR. For more information, Hanna Seppänen, General Counsel, can be contacted. Componenta Corporation, a leading Finnish contract manufacturer in the machine building industry, is listed on Nasdaq Helsinki.

On September 10, 2024, Componenta Corporation announced a notification regarding managers' transactions involving its shares. The notification pertains to Hanna Seppänen, a senior manager at the company, who accepted a stock option under the 2023B-option program on September 9, 2024. The transaction involved 16,668 units at a unit price of 0.00 EUR. Componenta Corporation, listed on Nasdaq Helsinki, is an international technology company and a leading contract manufacturer in Finland's machine building industry. For more information, Hanna Seppänen, General Counsel, can be contacted.

Componenta Corporation released its half-year financial report for January–June 2024 on 23 July 2024. The report highlights that the company's net sales and EBITDA are expected to improve year-on-year, with the improvement focused on the second half of the year. The first half of 2024 saw mixed performance, with a weaker-than-expected first quarter due to low demand in the agricultural machinery industry in Europe and lower delivery volumes. However, the order book began to grow in the second quarter, and profitability improved due to operational adjustments and quality improvements. Key financial figures for the first half of 2024 showed a decrease in net sales by 17% and EBITDA by 64.6% compared to the same period in 2023. The company also announced the acquisition of operations from Fortaco Group, which will strengthen its service offering. The transaction is set to be completed in two stages, starting on 1 October 2024. Componenta's financial guidance for 2024 remains unchanged, despite uncertainties due to geopolitical tensions and economic conditions. The company continues to prioritize sustainability and aims to strengthen its market position as a contract manufacturer. A webcast to discuss the results was scheduled for 23 July 2024.

Componenta Corporation has signed an agreement to acquire the operations of the Kalajoki plant and the Sepänkylä machining and service center from Fortaco Group for approximately EUR 2.8 million. The acquisition includes inventories and fixed assets but excludes real estate. The transaction will occur in two stages, starting on October 1, 2024, with the second phase involving the purchase of properties used by these businesses within a year. The acquired operations, which had net sales of approximately EUR 9.6 million in 2023, specialize in welding, machining, surface treatment, and installation of steel parts and components. The acquisition will enhance Componenta's service offerings and production capabilities, particularly for large, technically demanding products. About 60 employees will transfer to Componenta as part of the deal. The transaction is financed through Componenta's internal resources and financing limits. The company expects the acquisition to bolster its position with strategic customers and increase cross-selling opportunities. The final closing of the transaction is subject to customary conditions, and Componenta will provide further updates upon completion. The transaction will not affect Componenta's profit guidance for 2024.

Componenta Corporation announced that the Finnish Minister of Defence has approved the Ministry of Defence's proposal, supported by the Finance Committee, to acquire 120 mm shell-tailed compositions for the Defence Forces' grenade launchers from 2025 to 2028. The transaction is valued at approximately EUR 50 million, with an additional option worth around EUR 9 million for 2028. This decision follows the Finance Committee's favorable opinion on the proposal, announced by Componenta on 30 May. The transaction will not affect Componenta's profit guidance for 2024. Sami Sivuranta, CEO and President of Componenta, expressed commitment to the project and highlighted its alignment with the company's strategic goals. Componenta Corporation is a leading Finnish contract manufacturer in the mechanical engineering industry, listed on Nasdaq Helsinki.