Lamor Corporation Oyj

Lamor Corporation Oyj announced changes to its Group Leadership Team by appointing two new Senior Vice Presidents (SVPs) to enhance customer and market understanding. The company aims to strengthen customer relationships and focus sales across its markets. CEO Johan Grön emphasized the need to better leverage Lamor's broad product and service offerings in response to increased environmental regulations and awareness. The new SVPs, James and Al-Othman, bring extensive industry experience. James has a background in oil spill response and incident management, while Al-Othman has experience in innovation commercialization. Following these appointments, some current SVPs will leave their positions, and a successor for Santiago Gonzalez, who is retiring, is being recruited. Lamor will comment further on these changes during its Q3 results announcement on October 24, 2024. Lamor is a leading provider of environmental solutions, with over 600 employees in more than 20 countries, and is listed on the Nasdaq Helsinki.

Lamor Corporation Plc announced it will release its Interim Report for January-September 2024 on October 24, 2024, at 9:00 a.m. EEST. A webcast for shareholders, analysts, and media will follow at 10:00 a.m. EEST, featuring presentations by CEO Johan Grön and CFO Vesa Leino, with a Q&A session in English and Finnish. The presentation materials will be available on their website, and a recording of the webcast will be provided later. Lamor is a leading provider of environmental solutions, specializing in oil spill response, waste management, and more, with operations in over 20 countries and a 2023 turnover of 123 million euros. Their shares are listed on Nasdaq Helsinki.

Lamor Corporation Plc has updated its Disclosure Policy, which was approved by the Board of Directors. The update includes technical and stylistic changes, specified responsibilities for approving stock exchange releases and company announcements, and criteria for publishing press releases. These changes are effective immediately, and the updated policy is available on Lamor's website. Lamor is a leading provider of environmental solutions with operations in over 20 countries, employing over 600 people, and had a turnover of 123 million euros in 2023. Lamor's shares are listed on Nasdaq Helsinki. For more information, contact Tapio Pesola, Director of Investor Relations and Communications.

On October 1, 2024, Lamor Corporation Plc announced that its Board of Directors has approved an updated Disclosure Policy. The update includes technical and stylistic changes, clarified responsibilities for approving stock exchange releases and company announcements, and specified criteria for press releases. These changes are effective immediately, and the updated policy is available on the company's website. Lamor Corporation is a leading provider of environmental solutions, offering services in oil spill response, waste management, water treatment, soil remediation, and plastic recycling. The company employs over 600 people in more than 20 countries and reported a turnover of 123 million euros in 2023. Lamor's shares are listed on the Nasdaq Helsinki. For further information, contact Tapio Pesola, Director of Investor Relations and Communications.

On September 18, 2024, Lamor Corporation Plc announced the appointment of the members of its Shareholders' Nomination Board. Fred Larsen was elected as Chairman. As per the 2022 Annual General Meeting resolution, the Nomination Board consists of four members: one nominated by each of the three largest shareholders and the Chair of Lamor's Board of Directors. Members are elected annually, with terms ending once a new Nomination Board is determined. The Board's responsibilities include preparing proposals for the Annual and Extraordinary General Meetings regarding Board remuneration, the number of members, and identifying potential new Board members. Lamor Corporation is a leading provider of environmental solutions, specializing in oil spill response, waste management, and other environmental protection services. The company operates globally with over 600 employees and had a turnover of 123 million euros in 2023. Lamor's shares are listed on Nasdaq Helsinki.

Lamor Corporation Oyj announced that it is in negotiations with NEOM Company regarding a proposal to reduce Lamor's responsibilities in a previously agreed major environmental protection project in Saudi Arabia. The project, initially valued at approximately EUR 55 million, involves oil spill response preparedness services and technology. NEOM has requested Lamor's proposal for appropriate reimbursement for the change. Despite this potential adjustment, Lamor maintains its revenue guidance for 2024, expecting it to be at least the same level as in 2023. The company has not provided profitability guidance for 2024. Lamor will provide further updates as needed. Lamor is a leading provider of environmental solutions globally, with operations in over 20 countries and a turnover of 123 million euros in 2023. Its shares are listed on Nasdaq Helsinki.

On September 10, 2024, Lamor Corporation Plc announced that it will negotiate a proposal from NEOM Company to reduce Lamor's responsibilities in a major environmental protection project in Saudi Arabia, initially valued at approximately EUR 55 million. The project involves oil spill response preparedness services and technology. Lamor has received a preliminary proposal for this reduction and a request for an agreement on appropriate reimbursement for the change. The potential change does not affect Lamor's revenue guidance for 2024, which is expected to be at least the same as in 2023. Lamor has not provided profitability guidance for 2024. The company will release additional information as necessary. Lamor, a leading provider of environmental solutions, operates globally with over 600 employees in more than 20 countries and had a turnover of 123 million euros in 2023. Lamor's shares are listed on Nasdaq Helsinki.

Lamor Corporation Plc has announced the appointment of Mikko Forsell as its new Chief Financial Officer (CFO) and member of the Group Leadership Team, effective from November 1, 2024. Forsell, who holds degrees in Economics and Technology, has previously served as CFO for Verkkokauppa.com, HKScan, and Metsä Tissue Corporation. Interim CFO Vesa Leino will continue his role until October 31, 2024. CEO Johan Grön expressed confidence in Forsell's ability to contribute to Lamor's growth and development. Lamor Corporation is a leading provider of environmental solutions, with operations in over 20 countries and a 2023 turnover of 123 million euros. The company's shares are listed on Nasdaq Helsinki.

Lamor Corporation Plc announced that Mikko Forsell has been appointed as the new Chief Financial Officer (CFO) and member of the Group Leadership Team, effective from 1 November 2024. Forsell, who holds degrees in Economics and Technology, previously served as CFO for Verkkokauppa.com, HKScan, and Metsä Tissue Corporation. Interim CFO Vesa Leino will remain in his role until 31 October 2024. CEO Johan Grön expressed confidence in Forsell's ability to contribute to the company's growth and development. Lamor Corporation is a leading provider of environmental solutions, specializing in oil spill response, waste management, water treatment, soil remediation, and plastic recycling. The company operates in over 20 countries with more than 600 employees and had a turnover of 123 million euros in 2023. Lamor's shares are listed on Nasdaq Helsinki.

Lamor Corporation Plc announced that interim CFO Vesa Leino will leave the company on October 31, 2024. Leino has been serving in this role since March 1, 2024. CEO Johan Grön thanked Leino for his contributions and wished him success in his future endeavors. The company is currently in the process of recruiting a new permanent CFO and will provide further updates in due course. Lamor Corporation is a leading provider of environmental solutions, specializing in areas such as oil spill response, waste management, and soil remediation. The company employs over 600 people across more than 20 countries and had a turnover of 123 million euros in 2023. Lamor's shares are listed on Nasdaq Helsinki under the ticker LAMOR.