Consti Oyj

Consti Plc reported its interim results for January to September 2024, highlighting a stable performance with a solid order backlog. The company’s net sales for the third quarter decreased by 4.3% to EUR 86.0 million compared to the same period last year. Despite a decline in net sales, the Building Technology business area showed strong growth, while other business areas experienced a decrease. The operating result for the third quarter was EUR 3.4 million, representing 3.9% of net sales. The order intake increased significantly by 178.8%, although competition and demand challenges persisted. Consti expects its 2024 operating result to be between EUR 9-12 million. The construction market in Finland is expected to face challenges in 2024, with a decline in both new construction and renovation volumes. However, Consti remains optimistic about its performance, supported by a robust order backlog. The company plans to continue focusing on operational efficiency and strategic growth in its Building Technology business area. Consti Plc will host a press conference to discuss these results and will publish its financial statements for 2024 on February 7, 2025.

Consti Plc announced the record and payment dates for the second dividend instalment for the financial year 2023. At the Annual General Meeting on April 3, 2024, it was decided that a total dividend of EUR 0.70 per share would be paid in two parts. The first instalment of EUR 0.40 per share was paid on April 12, 2024. The second instalment of EUR 0.30 per share will be paid on November 4, 2024, to shareholders registered by October 28, 2024, with the ex-dividend date set for October 25, 2024. Consti Plc is a Finnish company specializing in renovation and technical services, with net sales of 321 million euros in 2023 and approximately 1000 employees. It is listed on Nasdaq Helsinki under the trading code CONSTI.

Consti Plc announced that it will release its Interim Report for January-September 2024 on 25 October 2024 at 8:30 a.m. Finnish time. The report will be accessible on the company's investor website. A briefing for analysts, portfolio managers, and media representatives will be held at 10:00 a.m. on the same day via Teams, hosted by CEO Esa Korkeela and CFO Anders Löfman. Participants are requested to register by 24 October 2024. Consti is a Finnish company specializing in renovation and technical services, with a focus on housing companies, corporations, investors, and the public sector. In 2023, Consti Group reported net sales of 321 million euros and employs about 1,000 professionals. The company is listed on Nasdaq Helsinki under the trading code CONSTI.

Consti Plc has announced its financial reporting schedule and Annual General Meeting for 2025. The Financial Statements Bulletin for 2024 will be released on February 7, 2025, and the electronic version of the Annual Report will be available in week 11 of 2025. The Annual General Meeting is set for April 3, 2025, in Helsinki. Consti will publish three Interim Reports throughout 2025 and will observe a 30-day closed period before releasing its Financial Statements Bulletin and Interim Reports. During this period, company representatives will not comment on financial matters or meet with capital market or financial media representatives. Consti Plc is a Finnish company specializing in renovation and technical services, with net sales of 321 million euros in 2023 and approximately 1000 employees. The company is listed on Nasdaq Helsinki under the trading code CONSTI.

On August 14, 2024, Consti Oyj announced a change in its management team. Pirkka Lähteinen has been appointed as the Business Area Director of Corporations, effective September 1, 2024. Lähteinen, who has been with Consti since 2009, will replace Jukka Mäkinen, who will retire by the end of November 2024. Mäkinen will serve as an advisor until his retirement. CEO Esa Korkeela expressed gratitude for Mäkinen's contributions over his more than 10-year tenure. Consti Oyj is a Finnish company specializing in renovation and technical services, with four business areas and net sales of 321 million euros in 2023. The company is listed on Nasdaq Helsinki under the trading code CONSTI.

On August 6, 2024, Consti Plc announced that Risto Kivi has increased his ownership of Consti shares to over 5% as of July 1, 2024. Kivi now holds 5.04% of the shares and voting rights, totaling 403,854 shares. Consti Plc is a Finnish company specializing in renovation and technical services, with net sales of 321 million euros in 2023 and around 1,000 employees. The company is listed on Nasdaq Helsinki under the trading code CONSTI. For further information, contact CFO Anders Löfman.

On July 29, 2024, Consti Oyj announced that between June 8, 2024, and June 30, 2024, a total of 5,831 new shares were subscribed with the company's 2020 stock options. The subscription raised EUR 27,988.80, which has been added to the invested non-restricted equity. These new shares have been registered with the Trade Register, bringing the total number of shares in the company to 8,016,567. The new shares will be available for public trading on Nasdaq Helsinki from July 30, 2024. The stock option subscription period ended on June 30, 2024. Additional details are available on Consti's website. Consti is a Finnish company specializing in renovation and technical services, with net sales of 321 million euros in 2023 and about 1,000 employees. The company is listed on Nasdaq Helsinki under the trading code CONSTI.

Consti Plc's half-year financial report for January to June 2024 shows a 9.4% increase in net sales to EUR 82.9 million compared to the same period in 2023. However, the operating result remained stable at EUR 3.0 million, representing 3.6% of net sales. The order backlog decreased by 12.3% to EUR 261.2 million. Free cash flow dropped significantly by 70.5%. The company anticipates its operating result for 2024 to be between EUR 9-12 million. Consti's CEO, Esa Korkeela, noted stable profitability and a solid balance sheet but highlighted challenges such as increased competition and weakened demand. The company is focusing on implementing its updated strategy and expects a decline in demand for renovation and building technology services in 2024 due to high construction costs and increased interest rates. Despite these challenges, Consti aims to maintain solid performance supported by a healthy order backlog. A press conference is scheduled for 19 July 2024.

Consti Plc announced that it will publish its Half Year Financial Report for January-June 2024 on 19 July 2024 at 8:30 a.m. Finnish time. The report will be available on the company's investor site. A Microsoft Teams meeting for analysts, portfolio managers, and media representatives will be held on the same day at 10:00 a.m. EET, hosted by CEO Esa Korkeela and CFO Anders Löfman. Participants are requested to register by 18 July 2024 at noon. The presentation material will be available on the investor site after the meeting. Consti Plc is a Finnish company specializing in renovation and technical services, with net sales of 321 million euros in 2023 and approximately 1000 employees. The company is listed on Nasdaq Helsinki under the trading code CONSTI.

Consti Oyj announced that between February 21, 2024, and June 7, 2024, a total of 31,897 new shares were subscribed under the company's 2020 stock options, raising EUR 153,105.60 in invested non-restricted equity. These shares were registered on July 1, 2024, bringing the total number of shares to 8,010,736. The new shares will start trading on Nasdaq Helsinki on July 2, 2024. Consti is a Finnish company specializing in renovation and technical services, with 2023 net sales of EUR 321 million and approximately 1000 employees. The company is listed on Nasdaq Helsinki under the trading code CONSTI.