Orthex Oyj

Ticker/ISIN
ORTHEX
FI4000480504
Marknad/Land
Main Market, Helsinki
Sweden
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Senaste sammanfattade pressmeddelande

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.
Orthex Corporation announced a manager's transaction involving Alex Nielsen, a senior manager. The transaction, which took place on August 27, 2024, on NASDAQ Helsinki, involved the acquisition of shares with ISIN FI4000480504. The details include four separate transactions with varying volumes and unit prices, totaling 1,000 shares at a volume-weighted average price of 6.47810 EUR. Saara Mäkelä, CFO of Orthex Corporation, is the contact person for further information. Orthex is a Nordic houseware company known for its brands SmartStore™, GastroMax™, and Orthex™, aiming for carbon-neutral production by 2030. The company's net sales in 2023 were 85.9 million euros, with a presence in over 40 countries.
On August 23, 2024, Saara Mäkelä, Chief Financial Officer of Orthex Corporation, reported an acquisition of shares in the company. The transactions took place on NASDAQ Helsinki Ltd and involved the purchase of 280 shares at 6.50 EUR each, 350 shares at 6.60 EUR each, 103 shares at 6.50 EUR each, and 100 shares at 6.60 EUR each. The aggregated volume of these transactions was 833 shares with a volume-weighted average price of 6.55402 EUR per share. Orthex Corporation is a Nordic houseware company focused on sustainability and aims to become carbon neutral by 2030. The company reported net sales of 85.9 million euros in 2023 and operates in over 40 countries.
Orthex Corporation will release its Half-year Financial Report for January−June 2024 on Thursday, 22 August 2024, at around 9.00 a.m. EEST. The report will be available in PDF format on the company's website. CEO Alexander Rosenlew, CFO Saara Mäkelä, and CMSO Hanna Kukkonen will present the report in a webcast at 11.00 a.m. EEST on the same day. The presentation will be in English, and questions can be submitted via the meeting chat. Presentation materials will be shared during the webcast and available for download on the corporate website. A recording of the event will also be posted online. For further inquiries, contact Alexander Rosenlew or Saara Mäkelä. Orthex is a leading Nordic houseware company with a focus on sustainability and aims to become carbon neutral by 2030. The company had net sales of 85.9 million euros in 2023 and serves customers in over 40 countries.

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Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Orthex Oyj

Interimsrapport: Orthex Corporation: Interim Report January-September 2024

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.

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Finansiell kalender: Orthex Corporation: Financial reporting and AGM 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.

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Finansiell kalender: Orthex Oyj: Taloudellinen raportointi ja varsinainen yhtiökokous vuonna 2025

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Ändring av styrelse/ledning/revisor: Orthex Corporation: Change in the Management Team

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.

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Ändring av styrelse/ledning/revisor: Orthex Oyj: Muutos johtoryhmässä

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Nyheter för investerare: Orthex julkaisee osavuosikatsauksen tammi-syyskuulta 2024 perjantaina 15.11.2024

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Nyheter för investerare: Orthex to publish January−September 2024 Interim Report on Friday, 15 November 2024

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.

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Main Market, Helsinki News

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Nyhetsuppdatering från Orthex Oyj

Övrig information som ska lämnas enligt börsens regler: Orthex Corporation: Composition of Shareholders' Nomination Board

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.

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Övrig information som ska lämnas enligt börsens regler: Orthex Oyj: Osakkeenomistajien nimitystoimikunnan kokoonpano

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