Pressmeddelanden, rapporter och bolagsmeddelande för Orthex Oyj

Orthex Corporation reported strong sales growth outside the Nordics for the period of January to September 2024, although increased costs affected profitability. Net sales increased by 5.3% to 65.9 million euros, with notable growth of 24.1% outside the Nordics. However, the adjusted EBITA margin decreased to 12.6% from 16.1% due to higher production costs and investments in commercial activities. The company's net debt to adjusted EBITDA ratio improved to 1.3. Orthex continues to focus on product innovation and sustainability, with recent launches made from recycled materials. Future financial reports are scheduled for release in 2025.

Orthex Corporation announced its schedule for publishing financial reports in 2025, with a 30-day silent period preceding each release. The Annual and Sustainability Report for 2024, including the Board of Directors’ report and Financial Statements, will be available online by the end of week 13 in March 2025. The Annual General Meeting is scheduled for 29 April 2025, with formal convening by the Board to follow. Reports will be published in Finnish and English on the corporate website. Orthex, a Nordic houseware company listed on Nasdaq Helsinki, aims for sustainability and carbon neutrality by 2030. The company reported net sales of 85.9 million euros in 2023 and operates in over 40 countries.

Orthex Corporation announced that Alex Nielsen, Sales Director for Europe and International Markets and a member of the Management Team since 2022, will leave the company on November 30, 2024. Under Nielsen's tenure, the company expanded its sales and presence beyond the Nordic countries, aligning with its strategy to become a European entity. CEO Alexander Rosenlew expressed gratitude for Nielsen's contributions. The international sales organization will temporarily report to Rosenlew while Orthex begins the process of recruiting a new Sales Director. Orthex, listed on Nasdaq Helsinki, is a leading Nordic houseware company with a focus on sustainability and aims to be carbon neutral by 2030. In 2023, its net sales were 85.9 million euros, serving over 40 countries.

Orthex Corporation will release its Interim Report for January to September 2024 on Friday, 15 November 2024, at around 9.00 a.m. EET. The report will be accessible in PDF format on the company's website. On the same day, a webcast presentation by CEO Alexander Rosenlew, CFO Saara Mäkelä, and CMSO Hanna Kukkonen will take place at 11.00 a.m. EET, conducted in English. Attendees can send questions via the meeting chat. Presentation materials will be available during the meeting and downloadable from the website. A recording of the event will also be posted online. For further inquiries, contact details for Alexander Rosenlew and Saara Mäkelä are provided. Orthex is a Nordic houseware company with a focus on sustainability, aiming for carbon neutrality by 2030. The company has a presence in over 40 countries and reported net sales of 85.9 million euros in 2023.

Orthex Corporation announced on 11 September 2024 that the four largest shareholders have appointed their representatives to the Shareholders’ Nomination Board. The board includes representatives from Conficap Oy, Alexander Rosenlew, Ilmarinen Mutual Pension Insurance Company, and Varma Mutual Pension Insurance Company, along with Sanna Suvanto-Harsaae, Chair of the Board of Orthex Corporation, as an expert member. Erik Toivanen was elected as the chair of the Nomination Board. This board is responsible for preparing proposals on the remuneration and composition of the Board of Directors for the Annual General Meeting. Proposals for the 2025 meeting will be submitted by 31 January 2025. For further information, contact CEO Alexander Rosenlew or CFO Saara Mäkelä. Orthex Corporation is a leading Nordic houseware company, aiming for sustainability and carbon neutrality by 2030, with net sales of 85.9 million euros in 2023 and a presence in over 40 countries.