Componenta Oyj

Componenta Corporation has announced a managers' transaction involving Pasi Mäkinen, a senior manager at the company. The transaction, dated September 9, 2024, involves the acceptance of 16,668 stock options under the 2023B-option program, with a unit price of 0.00 EUR. Further inquiries can be directed to Hanna Seppänen, General Counsel. Componenta Corporation is a leading Finnish contract manufacturer in the machine building industry, listed on Nasdaq Helsinki.

On September 10, 2024, Componenta Corporation announced a notification of a manager's transaction involving its shares. The transaction was made by Marko Karppinen, the Chief Financial Officer of Componenta. The transaction, dated September 9, 2024, involved the acceptance of 16,668 stock options from the 2023B-option program, with a unit price of 0.00 EUR. For more information, Hanna Seppänen, General Counsel, can be contacted. Componenta Corporation, a leading Finnish contract manufacturer in the machine building industry, is listed on Nasdaq Helsinki.

On September 10, 2024, Componenta Corporation announced a notification regarding managers' transactions involving its shares. The notification pertains to Hanna Seppänen, a senior manager at the company, who accepted a stock option under the 2023B-option program on September 9, 2024. The transaction involved 16,668 units at a unit price of 0.00 EUR. Componenta Corporation, listed on Nasdaq Helsinki, is an international technology company and a leading contract manufacturer in Finland's machine building industry. For more information, Hanna Seppänen, General Counsel, can be contacted.

Componenta Corporation released its half-year financial report for January–June 2024 on 23 July 2024. The report highlights that the company's net sales and EBITDA are expected to improve year-on-year, with the improvement focused on the second half of the year. The first half of 2024 saw mixed performance, with a weaker-than-expected first quarter due to low demand in the agricultural machinery industry in Europe and lower delivery volumes. However, the order book began to grow in the second quarter, and profitability improved due to operational adjustments and quality improvements. Key financial figures for the first half of 2024 showed a decrease in net sales by 17% and EBITDA by 64.6% compared to the same period in 2023. The company also announced the acquisition of operations from Fortaco Group, which will strengthen its service offering. The transaction is set to be completed in two stages, starting on 1 October 2024. Componenta's financial guidance for 2024 remains unchanged, despite uncertainties due to geopolitical tensions and economic conditions. The company continues to prioritize sustainability and aims to strengthen its market position as a contract manufacturer. A webcast to discuss the results was scheduled for 23 July 2024.

Componenta Corporation has signed an agreement to acquire the operations of the Kalajoki plant and the Sepänkylä machining and service center from Fortaco Group for approximately EUR 2.8 million. The acquisition includes inventories and fixed assets but excludes real estate. The transaction will occur in two stages, starting on October 1, 2024, with the second phase involving the purchase of properties used by these businesses within a year. The acquired operations, which had net sales of approximately EUR 9.6 million in 2023, specialize in welding, machining, surface treatment, and installation of steel parts and components. The acquisition will enhance Componenta's service offerings and production capabilities, particularly for large, technically demanding products. About 60 employees will transfer to Componenta as part of the deal. The transaction is financed through Componenta's internal resources and financing limits. The company expects the acquisition to bolster its position with strategic customers and increase cross-selling opportunities. The final closing of the transaction is subject to customary conditions, and Componenta will provide further updates upon completion. The transaction will not affect Componenta's profit guidance for 2024.

Componenta Corporation announced that the Finnish Minister of Defence has approved the Ministry of Defence's proposal, supported by the Finance Committee, to acquire 120 mm shell-tailed compositions for the Defence Forces' grenade launchers from 2025 to 2028. The transaction is valued at approximately EUR 50 million, with an additional option worth around EUR 9 million for 2028. This decision follows the Finance Committee's favorable opinion on the proposal, announced by Componenta on 30 May. The transaction will not affect Componenta's profit guidance for 2024. Sami Sivuranta, CEO and President of Componenta, expressed commitment to the project and highlighted its alignment with the company's strategic goals. Componenta Corporation is a leading Finnish contract manufacturer in the mechanical engineering industry, listed on Nasdaq Helsinki.

Componenta Corporation announced that the Finance Committee has approved the Ministry of Defence's proposal to acquire 120 mm mortar shell-tail assemblies from the company. If finalized, deliveries would occur from 2025 to 2028, with the total potential trade valued at approximately EUR 50 million, including an option worth around EUR 9 million for 2028. The transaction's completion requires the Minister of Defence's approval and will not affect Componenta's 2024 profit guidance. Componenta is an international technology company and a leading contract manufacturer in Finland, listed on Nasdaq Helsinki.

On 13 April 2023, the Board of Directors of Componenta Corporation decided on a stock option plan for key employees. The subscription price for the shares subscribed with stock options 2023B is the trade volume weighted average quotation of the company’s share on Nasdaq Helsinki Ltd during 22 April 2024–21 May 2024, which is EUR 2.35 per share. The stock options 2023B entitle their owners to subscribe for a maximum total of 133,326 new shares in the company. The share subscription period of the stock options 2023B is 1 June 2027–31 May 2029. The theoretical market value of one stock option 2023B is approximately EUR 1.0532 per stock option, with a total theoretical market value of approximately EUR 140,418. The terms and conditions of the stock options are available on the company's website.

Componenta Corporation, a Finnish company specializing in machine building, has entered into a convertible debenture arrangement with US investor MPL. This agreement provides funding of up to $3 million to Componenta over a thirty-month period. The company can raise funds in the form of a loan from MPL in installments of up to $750,000. In return, Componenta issues convertible debentures to MPL with a maturity of three years and an annual interest rate of 4%. After 18 months, MPL can demand conversion of a convertible debenture. The subscription price per share in the conversion will be 91.5% of the company’s average daily volume-weighted share price over five consecutive trading days following the date when MPL requests conversion. Componenta will pay a commitment fee of 2% based on the aggregate value of the Financing Arrangement and a fixed facilitation fee of $45,000.

On April 11, 2024, Componenta Corporation announced a new working capital loan agreement of two million euros with LocalTapiola Group and Elo Mutual Pension Insurance Company. The loan, which will be withdrawn in full on April 12, 2024, has a period of five years. The funds will be used to support ongoing and future product launches and the company's own development initiatives. Componenta Corporation is a leading contract manufacturer in the machine building industry in Finland, listed on Nasdaq Helsinki.