Kreate Group Oyj

Kreate Group Oyj has announced its financial reporting schedule for 2025. The company will observe a 30-day silent period before releasing its interim, half-year, and financial statements, during which no comments on financial matters will be made. The Financial Review for 2024 will be available in both Finnish and English on their website during week 10 of 2025. The Annual General Meeting is tentatively planned for March 28, 2025, with a separate notice to be issued by the Board of Directors. Shareholders wishing to propose agenda items for the meeting must submit requests by January 31, 2025. Kreate Group is a leading Finnish infrastructure construction company, specializing in bridges, roads, railways, and other engineering projects, with a revenue of EUR 320 million in 2023 and over 450 employees. It is listed on Nasdaq Helsinki.

On 25 March 2024, the Annual General Meeting of Kreate Group Plc decided to distribute a dividend of EUR 0.48 per share for shares held outside the company, based on the 2023 balance sheet. The dividend is to be paid in two instalments. The first instalment of EUR 0.30 per share was paid on 9 April 2024. The second instalment of EUR 0.18 per share will be paid on 3 October 2024, with an ex-dividend date of 25 September 2024 and a record date of 26 September 2024. Kreate Group Plc is a leading infrastructure construction company in Finland, specializing in bridges, roads, railways, and other demanding projects. The company reported a revenue of EUR 320 million in 2023 and employs over 450 people. It is listed on Nasdaq Helsinki.

Kreate Group Oyj has appointed Antti Kokkonen as Vice President of Bridge Construction and Repair and a member of the Management Team, effective August 27, 2024. Kokkonen, who has extensive experience in infrastructure and bridge construction, previously managed tender calculations for Kreate’s bridge projects. He succeeds Antti Kakko, who will leave the company on August 26, 2024. Kreate Group is a leading infrastructure construction company in Finland, specializing in bridges, roads, railways, and other engineering projects. The company reported a revenue of EUR 320 million in 2023 and employs over 450 people.

Kreate Group Oyj released its Half-year financial report for January–June 2024. The report highlights that the second quarter met expectations and aligned with the company's updated strategy, focusing on significant railway projects in Finland and business expansion in Sweden. Although revenue decreased by EUR 18 million compared to the same period last year, relative profitability improved for the third consecutive quarter. Key achievements include acquiring the remaining share capital of Karell Schakt AB in Sweden and winning major contracts, such as the Tampere passenger rail yard project and the Helsinki-Riihimäki railway project. The company anticipates that 2024 will see lower volumes than 2023, with revenue estimated to be between EUR 270–300 million, but expects EBITA to increase to EUR 8–11 million. Kreate's strategy until 2027 focuses on improving profitability and growing its rail and tramway business, particularly in Sweden. The company aims for a 5% EBITA margin and annual revenue growth of 5-10% from 2025 onwards. A live webcast discussing the report will be held on 16 July 2024, with a recording available later.

The Kreate Group has announced changes to its management team, aimed at bolstering its competitiveness and aligning with future company strategy. Sami Laakso, previously Vice President of Transport Infrastructure Construction, will become Chief Operating Officer from 1 August 2024, tasked with improving process efficiency, project performance and strategic development. Juha Schönberg, formerly Senior Construction Manager, will assume Laakso's former role as Vice President of Transport Infrastructure Construction from the same date. The changes are part of Kreate's succession planning strategy, aimed at promoting professional development and career advancement within the company.