Orthex Oyj

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.

On May 20, 2024, Hanna Kukkonen, a senior manager at Orthex Corporation, acquired shares of the company on the NASDAQ Helsinki Ltd (XHEL) exchange. The shares were purchased in three transactions, with volumes of 461, 82, and 187 at unit prices of 6.74 EUR and 6.76 EUR. The total volume of the transactions was 730 shares, with a volume-weighted average price of 6.74737 EUR. The notification was an initial one, indicating this was Kukkonen's first such transaction.

Orthex Corporation has reported strong sales and improving profitability in its interim report for January-March 2024. The company's net sales increased by 7.5% to €22.0 million, driven by strong in-store activities and normalising demand in the Nordics. The Storage category performed well with a growth of 10.0% compared to the same period last year. The company's profitability also improved, with an adjusted EBITA margin at 12.6% and the adjusted EBITA at €2.8 million. Orthex's long-term financial targets include an average annual organic net sales growth to exceed 5% at the Group level and to exceed 10% outside the Nordics. The company also aims to distribute a stable and over time increasing dividend with a payout of at least 50% of net profit, on a biannual basis.

Orthex Corporation held its Annual General Meeting on 9 April 2024. All proposals presented at the meeting were approved, including the adoption of the financial statements and discharge of the Board of Directors and CEO for the 2023 financial year. A dividend of EUR 0.21 per share will be paid in two instalments. The remuneration report for 2023 was approved, with the Chair of the Board to receive a monthly fee of EUR 4,000 and other members EUR 2,000. Five members were re-elected to the Board. Ernst & Young Oy was re-elected as the company’s auditor. The Board was authorised to decide on acquisition of the company’s own shares and issuance of shares and special rights. The minutes of the meeting will be available on the corporate website by 23 April 2024.