Honkarakenne Oyj B

Honkarakenne Oyj has restructured its executive group to align with its 2025-2028 strategy. The changes, effective January 1, 2025, include the appointment of Juhani Saukko as Vice President – Operations Finland B2C. Saukko, with over 20 years at Honkarakenne, previously served as Product Pricing and Quotation Calculation Manager and Sales Manager for Finland B2C. CEO Marko Saarelainen will handle export business, personnel, and marketing. Petri Perttula transitions to Vice President – Operations Global B2B, while Eino Hekali and Maarit Jylhä take on expanded roles. Juha-Matti Hanhikoski and Maarit Taskinen are no longer part of the executive group but will continue in their respective director roles. The restructuring aims to enhance decision-making and sales growth, particularly in exports. Honkarakenne manufactures ecological log buildings and has delivered 90,000 buildings to over 50 countries. In 2023, its net sales were EUR 46.3 million, with exports making up 31%.

Honkarakenne Oyj released information regarding a manager's transaction on January 9, 2025. Timo Kohtamäki, a member of the board, acquired shares of the company on January 7, 2025, at Nasdaq Helsinki. The transaction involved a total of 1,000 shares at a volume-weighted average price of 2.49516 EUR. Honkarakenne Oyj is known for manufacturing log homes and buildings from Finnish solid wood, exporting to over 50 countries. In 2023, the company reported net sales of EUR 46.3 million, with exports making up 31% of this figure.

Honkarakenne Oyj has announced its financial reporting schedule for 2025. The company will release its financial results for 2024 on February 12, 2025, and its half-year financial report for January to June 2025 on August 22, 2025. The complete financial statements for 2024 will be available on their website by the end of week 12 in 2025. The Annual General Meeting is planned for April 11, 2025, in Tuusula, with a formal invitation to follow. Honkarakenne Oyj specializes in manufacturing log homes and buildings from Finnish solid wood, with a factory in Karstula, Finland. In 2023, the company's net sales were EUR 46.3 million, with 31% from exports.

Honkarakenne Oyj has announced the composition of its Shareholders’ Nomination Committee, which is responsible for preparing proposals on the election and remuneration of Board Members and committee members for the Annual General Meeting. The committee includes representatives from the company's four largest shareholders as of August 31, 2024: Saarelainen Oy, Ark-invest Oy, Marko Saarelainen (CEO of Honkarakenne), and Nordea Nordic Small Cap Fund. Julius Pihlaja was elected as chairman, and Timo Kohtamäki, Chairman of the Board, will serve as an expert member. The committee will submit its proposals to the Board by January 31, 2025. Honkarakenne Oyj, known for its ecological log homes, reported net sales of EUR 46.3 million in 2023, with exports making up 31%.

Honkarakenne Oyj released a notification regarding a manager's transaction on October 24, 2024. Maarit Taskinen, a senior manager at Honkarakenne Oyj, conducted a transaction on October 21, 2024, at Nasdaq Helsinki Ltd. The transaction involved the acquisition of 170 shares at a unit price of 2.85 EUR. The total volume-weighted average price was also 2.85 EUR. Honkarakenne Oyj, known for manufacturing log homes and buildings from Finnish solid wood, operates a factory in Karstula, Finland. In 2023, the company's net sales reached EUR 46.3 million, with 31% from exports. Further information can be obtained from Marko Saarelainen, President and CEO, or Maarit Jylhä, CFO.

Honkarakenne Oyj reported managers' transactions involving Maarit Taskinen, a senior manager, who acquired shares on two occasions. On October 18, 2024, Taskinen purchased a total of 2,527 shares at a volume-weighted average price of 2.85 EUR per share on NASDAQ Helsinki. On October 23, 2024, Taskinen acquired an additional 843 shares with a volume-weighted average price of 2.86772 EUR per share. Honkarakenne Oyj, known for manufacturing ecological log homes and public buildings, had net sales of EUR 46.3 million in 2023, with exports making up 31% of the sales. The company operates a factory in Karstula, Finland, and has delivered 90,000 buildings to over 50 countries.

Honkarakenne Oyj released information on managers' transactions involving Petri Perttula, a senior manager at the company. On October 9, 2024, Perttula acquired 1,900 shares at a unit price of 2.92 EUR on Nasdaq Helsinki. Another acquisition occurred on October 11, 2024, involving 1,550 shares at the same unit price. Both transactions were initial notifications. Honkarakenne Oyj is known for manufacturing log homes and buildings under the Honka® brand, with a factory in Karstula, Finland. In 2023, the company's net sales totaled EUR 46.3 million, with exports comprising 31%. Further information can be obtained from Marko Saarelainen, President and CEO, or Maarit Jylhä, CFO.

Honkarakenne Oyj released a statement on September 18, 2024, detailing transactions made by a senior manager, Eino Hekali. The transactions involved the acquisition of shares on NASDAQ Helsinki Ltd between August 23, 2024, and September 16, 2024. The transactions included various volumes of shares at prices ranging from 2.83 EUR to 2.9 EUR per share. The company, known for manufacturing ecological log homes and public buildings, reported net sales of EUR 46.3 million in 2023, with 31% coming from exports. Further information can be obtained from the President and CEO, Marko Saarelainen, or CFO, Maarit Jylhä.

Honkarakenne Oyj released a stock exchange notice on August 26, 2024, detailing transactions made by its Chief Financial Officer, Maarit Jylhä. The transactions occurred on August 22 and 23, 2024, at NASDAQ Helsinki Ltd. On August 22, Jylhä acquired a total of 2,368 shares at a volume-weighted average price of 2.85196 EUR. On August 23, she acquired 1,180 shares at a volume-weighted average price of 2.9061 EUR. Honkarakenne Oyj is a Finnish company specializing in the manufacture of ecological log homes and other buildings, with significant exports. In 2023, the company's net sales were EUR 46.3 million. Further information can be obtained from the company's President and CEO, Marko Saarelainen, or CFO, Maarit Jylhä.

Honkarakenne Oyj has issued a profit warning and lowered its financial guidance for 2024 due to a weaker-than-expected construction economy in Finland and slow export development. The company now expects net sales for 2024 to be between EUR 38–44 million and operating profit to range from EUR -2.2 to -0.8 million. Previously, it had forecasted net sales of EUR 43-50 million and an operating profit between EUR 0.0 and 0.5 million. Preliminary unaudited results for the first half of 2024 show net sales of approximately EUR 14.5 million and a comparable operating loss of around EUR 2.7 million. The company will release its half-year financial report on 22 August 2024. Honkarakenne specializes in manufacturing log homes and buildings from Finnish solid wood.