Eezy Oyj

On August 9, 2024, Eezy Plc reported a transaction involving Kati Hagros, a member of the Board. The transaction, which took place on August 7, 2024, involved the acquisition of 4,000 shares at a unit price of 1.26 EUR on NASDAQ Helsinki. The volume-weighted average price for the aggregated transaction was also 1.26 EUR. For further information, contact Ilpo Toivonen, Leading Legal Counsel at Eezy Plc. Eezy Plc is a Finnish company specializing in various work life services, employing about 25,000 people annually and generating a revenue of 219 million EUR in 2023. Their shares are listed on Nasdaq Helsinki.

Eezy Plc's Half-Year Report for January to June 2024 indicates subdued demand in the Staffing business area, particularly in construction and industry sectors. Despite a 21.4% decline in revenue to EUR 45.7 million in the second quarter, the company has managed to maintain a satisfactory EBIT of EUR 0.6 million. The company’s strategy includes the implementation of an AI-powered ERP system and collaboration with an outsourcing partner to enhance productivity and achieve cost savings. The company aims to increase its EBIT margin to 8% through technological transformation, revenue growth, and expansion into more profitable industries. Measures such as staff reductions and efficient use of premises are expected to bring permanent cost savings. The company remains optimistic about long-term growth driven by trends like skilled personnel shortages and the use of AI. A Finnish-language briefing for analysts and media will be held on 6 August 2024, hosted by CEO Siina Saksi and CFO Joni Aaltonen.

Eezy Plc announced a change in its management team, appointing Mia Lindström as Director of New Business and a member of the Group Management Team effective from September 1, 2024. Lindström, with over 20 years of experience in leading service businesses, will focus on growth areas in healthcare, office sectors, and international recruitment. Eezy's CEO, Siina Saksi, praised Lindström's track record and fit for the role. Lindström expressed her enthusiasm for contributing to Eezy's growth strategy and working with the management team. Eezy Plc is a Finnish company specializing in staffing, corporate culture design, leadership coaching, recruitment, and other employment services.

Eezy Plc announced the progress of its operating model renewal aimed at achieving EUR 2.8 million in cost savings. The company is focusing on enhancing productivity and profitability through an efficient, competitive, and scalable operating model. Key initiatives include the implementation of an AI-powered ERP system for Staffing services, started in 2022, and outsourcing selected financial and human resources functions to Accountor, resulting in the transfer of 30 employees. Additionally, 15 employment contracts have been terminated following limited change negotiations, and the company plans to use its premises more efficiently. Eezy expects to realize EUR 0.8 million in cost savings for 2024, with one-time costs of EUR 0.6 million, and achieve the full cost benefit of EUR 2.8 million in 2025. CEO Siina Saksi emphasized the company's strategy to become more competitive and operationally efficient, targeting significant productivity improvements over the 2024-2028 period. Eezy Plc is a major player in Finland's work life services market, with a revenue of EUR 219 million in 2023, and is listed on Nasdaq Helsinki.

Eezy Plc will release its Interim report for the first half of 2024 on Tuesday, August 6, 2024, at approximately 8:00 AM. A Finnish-language webcast for investors, analysts, and media will be held on the same day at 1:00 PM (Finnish time) at https://eezy.videosync.fi/q2-2024. The webcast will be hosted by CEO Siina Saksi and CFO Joni Aaltonen, and will include a chat feature for questions. A recording of the webcast will later be available on the company's website. For more information, contact CFO Joni Aaltonen at joni.aaltonen@eezy.fi or +358 (0) 40 524 7270.

Eezy Plc announced the renewal of its operating models to create a more efficient, competitive, and scalable way of working aimed at growth. The company will review its operational processes, particularly in administration and support services, and consider improving efficiency through partnerships, clarifying roles and responsibilities, and possible staff reductions. This initiative aligns with Eezy's strategy to unify the company and leverage its broad range of services. The goal is to increase productivity and establish an agile operating model. Eezy Plc is a prominent Finnish company specializing in various work-life services and had a revenue of €219 million in 2023.

Eezy Plc is hosting a Capital Markets Day in Helsinki on May 29, 2024, where CEO Siina Saksi and the management team will present the company's strategy, long-term targets, growth sources, profitability, and market conditions. The event will feature presentations on Eezy's 2024-2028 strategy, staffing market growth, doubling the Professional Services turnover, and leveraging technology and AI for productivity. The event will be webcast live, and presentations will be available on Eezy's website. Eezy Plc focuses on staffing, corporate culture design, leadership coaching, recruitment, and employment services, with a 2023 revenue of €219 million.

Eezy Plc announced a change in its management team, appointing Ari Myllyniemi as Director of Staffing and a member of the Management Team effective June 1, 2024. Myllyniemi, who has 15 years of experience in the staffing and recruitment industries and has been with Eezy since 2018, previously served as interim Director of Staffing since January 2024 and as Sales and Service Director in Staffing prior to that. CEO Siina Saksi expressed confidence in Myllyniemi's ability to lead the Staffing business area in line with the company's growth strategy. Myllyniemi highlighted Eezy's strong foundation for growth, including professional personnel, a large employee pool, nationwide presence, and a new AI-enabled ERP system. Despite current business challenges, he expressed readiness for growth. Eezy Plc is a comprehensive expert in work life in Finland, offering services such as staffing, recruitment, corporate culture design, and leadership coaching. The company employs about 25,000 people annually and had a revenue of €219 million in 2023.

Eezy Plc's Board of Directors has decided to alter the target levels of the performance criteria for the fourth performance period of the company's share-based incentive plan for key employees. The decision was made in line with the terms and conditions of the long-term incentive plan. Previously, the reward criteria were based on the company’s total shareholder return, operating profit percentage, and an ESG component. A maximum of 256,000 reward shares could be awarded for this period, leading to a potential dilution of approximately 1.0%. The incentive plan was initially established in December 2019 and extended in November 2021.