Lamor Corporation Oyj

LAMOR

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Lamor Corporation Oyj

Ticker/ISIN
LAMOR
FI4000512488
Marknad/Land
Main Market, Helsinki
Sweden
Senaste aktiekurs
2.35 SEK
2024-03-06

Hittills i år

-0.09 %

3 månader

-0.07 %

6 månader

-0.19 %

1 år

-0.45 %

3 år

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5 år

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Senaste sammanfattade pressmeddelande

Lamor Corporation Plc has announced changes to its Global Leadership Team. Jesus Pelayo has been appointed as Senior Vice President (SVP) for the South and North America market area, effective January 1, 2025. Richard Hill has been named Chief Operating Officer (COO) as of November 13, 2024. Both will join Lamor's Group Leadership Team. The company aims to streamline operations by consolidating all operational and sales support functions under the COO, enhancing customer-centricity and internal coordination. Richard Hill's extensive experience at Lamor includes a successful project with Saudi Arabia's National Center for Environmental Compliance and leadership roles in international oil spill response companies. Jesus Pelayo brings over 20 years of sales leadership experience from companies like Outotec and Outokumpu. He will succeed Santiago Gonzalez, who will retire but remain in an advisory role. Additionally, Johanna Grönroos and Juha Korhonen will leave the company. Lamor, a leading provider of environmental solutions, employs over 600 people in more than 20 countries and had a turnover of 123 million euros in 2023. The company's shares are listed on the Nasdaq Helsinki.
Lamor Corporation Plc has secured a three-year contract worth over EUR 2 million to provide environmental protection services in Colombia. The agreement involves offering emergency response services for hydrocarbon spills in oil fields across various Colombian regions. Lamor will collaborate with SOS Contingencias, a local emergency services company, to deliver these services. The contract includes technical support, spill control training, contingency plan updates, and periodic reviews. Lamor has been involved in similar projects since 2019, demonstrating its expertise in oil spill response technology. The company recently announced a similar agreement in Peru and continues to expand its environmental services globally. Lamor is a leading provider of environmental solutions, with operations in over 20 countries and a turnover of 123 million euros in 2023. The company's shares are listed on Nasdaq Helsinki.
Lamor Corporation Oyj reported high levels of new orders in the third quarter of 2024, with increased revenue and profitability compared to the previous quarter, although both slightly decreased from the same period last year due to higher revenue recognition from a Kuwait project during that time. Despite this, revenue excluding major service projects increased, and new orders exceeded EUR 35 million, driven by projects in South America. Lamor is in negotiations with NEOM Company regarding a proposed reduction of responsibilities, with an order of approximately EUR 55 million in the backlog. The company completed a major project establishing oil spill response bases in Saudi Arabia and is pursuing new opportunities in the Middle East. Challenges in Kuwait's soil remediation project are being addressed to improve cash flow. The company is progressing with a chemical recycling facility, with production expected to start in early 2025. Lamor is updating its growth strategy and has appointed new senior vice presidents to strengthen its market presence. The company has updated its disclosure policy and announced changes in its leadership team. Financial reports for 2025 are scheduled, and a webcast for shareholders and analysts was arranged for 24 October 2024. Lamor is a leading provider of environmental solutions, focusing on environmental protection, soil remediation, and material recycling, with operations in over 20 countries.
Lamor Corporation Plc reported high levels of new orders in the third quarter of 2024, with increased revenue and profitability compared to the previous quarter. However, both metrics slightly decreased from the same period last year, mainly due to prior high revenue from the Kuwait soil remediation project. Excluding major service projects, revenue increased, driven by strong market demand and new orders, particularly from South America. The company is updating its growth strategy to capitalize on this demand. Lamor is negotiating with NEOM Company regarding a reduction in responsibilities, with an order worth approximately EUR 55 million in the backlog. The company successfully completed major projects, including establishing oil spill response bases in Saudi Arabia. Lamor is advancing its chemical recycling plant, expecting production to start in early 2025. The company updated its disclosure policy and appointed two new senior vice presidents to strengthen customer relationships. Financial reports for 2025 will be published in April, with the Annual General Meeting tentatively scheduled for April 28. Lamor is a leading provider of environmental solutions, with over 600 employees in more than 20 countries, listed on the Nasdaq Helsinki.
Lamor Corporation Plc announced its financial calendar for 2025, stating that the annual report for 2024 will be available on its website by April 7, 2025. The Annual General Meeting is tentatively set for April 28, 2025, with formal details to be provided later by the Board of Directors. For inquiries, contact Tapio Pesola, Director of Investor Relations and Communications. Lamor is a leading global provider of environmental solutions, specializing in oil spill response, waste management, water treatment, soil remediation, and plastic recycling. The company operates in over 20 countries with more than 600 employees and reported a turnover of 123 million euros in 2023. Lamor's shares are listed on Nasdaq Helsinki.
Lamor Corporation Oyj has announced its financial calendar and plans for its annual general meeting in 2025. The company intends to publish its 2024 annual report, including financial statements and a report by the Board of Directors, by April 7, 2025, at the latest. The Annual General Meeting is tentatively set for April 28, 2025, with further details to be provided by the Board of Directors. Lamor is a leading provider of environmental solutions, focusing on environmental protection, soil remediation, and material recycling. The company operates globally with over 600 employees in more than 20 countries and reported a turnover of 123 million euros in 2023. Lamor's shares are listed on the Nasdaq Helsinki. For more information, contact Tapio Pesola, Director of Investor Relations and Communications.
Lamor Corporation Plc announced changes to its Group Leadership Team, appointing two new Senior Vice Presidents (SVPs) to enhance customer relationships and market focus. The new appointments aim to improve local market understanding and customer engagement, supported by the global rise in environmental regulations. James, with a background in oil spill response, and Al-Othman, with experience in innovation commercialization, join the team. Current SVPs for Europe, Asia, the Middle East, and Africa, Östen Lindell and Pentti Korjonen, will leave their positions, while Santiago Gonzalez, leading the Americas, plans to retire. Lamor will provide further updates during its Q3 results announcement on October 24, 2024. Lamor is a global leader in environmental solutions, with operations in over 20 countries and a 2023 turnover of 123 million euros.
Lamor Corporation Oyj announced changes to its Group Leadership Team by appointing two new Senior Vice Presidents (SVPs) to enhance customer and market understanding. The company aims to strengthen customer relationships and focus sales across its markets. CEO Johan Grön emphasized the need to better leverage Lamor's broad product and service offerings in response to increased environmental regulations and awareness. The new SVPs, James and Al-Othman, bring extensive industry experience. James has a background in oil spill response and incident management, while Al-Othman has experience in innovation commercialization. Following these appointments, some current SVPs will leave their positions, and a successor for Santiago Gonzalez, who is retiring, is being recruited. Lamor will comment further on these changes during its Q3 results announcement on October 24, 2024. Lamor is a leading provider of environmental solutions, with over 600 employees in more than 20 countries, and is listed on the Nasdaq Helsinki.

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Main Market, Helsinki News

Main Market, Helsinki News

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Interimsrapport: Lamor Interim Financial Report 1 January-31 March 2024: Market activity increasing despite the geopolitical situation

Lamor Corporation has released its interim financial report for Q1 2024, showing a revenue of 23.9 million euros, a 4.5% increase from the same period in the previous year. The adjusted EBIT for the quarter was approximately 0.5 million euros, representing 2.0% of revenue. New orders in the first quarter amounted to 16 million euros, a 48% increase from the comparison period, with significant orders related to equipment deliveries and smaller service projects. The geopolitical situation has affected business, particularly in the Middle East and South America. Lamor has also successfully initiated soil washing plants in Kuwait and won smaller-scale projects in Latin America and Oman. The company has established a new entity in the Netherlands focusing on oil spill response technologies and continued its environmental protection project in Saudi Arabia. Lamor's material recycling efforts are progressing, with a new agreement with Remeo for plastic waste supply and the expected commencement of plastic recycling by the end of 2024.

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First North Finland News

First North Finland News

Nyhetsuppdatering från Lamor Corporation Oyj

Pressmeddelande: Lamor Interim Financial Report 1 January-31 March 2024: Market activity increasing despite the geopolitical situation

Lamor Corporation reported a 4.5% increase in revenue for Q1 2024, reaching €23.9 million. Adjusted EBIT was €0.5 million, with an adjusted EBIT margin of 2.0% of revenue. Despite geopolitical challenges, the value of new orders increased by 48% to €16.0 million. Significant orders were related to equipment deliveries and smaller service projects. Lamor's soil remediation services in Kuwait, Latin America, and Oman were noted, with new projects won in the latter two regions. The company also participated in environmental clean-up projects in Peru and Ecuador. A new entity was established in the Netherlands focusing on oil spill response technologies, primarily serving the European Maritime Safety Agency’s oil spill response preparedness in the North Sea. The company's material recycling efforts progressed with the delivery of the MARPOL port reception facility and oil spill response technologies to Bangladesh, and an agreement with Remeo for the supply of sorted plastic waste for a chemical recycling concept facility in Finland. Lamor's guidance for 2024 estimates its revenue to be at least at the same level as in 2023 (€122.5 million), but does not provide profitability guidance due to market uncertainties.

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