Lamor Corporation Oyj

Lamor Corporation Plc announced that interim CFO Vesa Leino will leave the company on October 31, 2024. Leino has been serving as interim CFO since March 1, 2024. CEO Johan Grön expressed gratitude for Leino's contributions and wished him success in future endeavors. The company is in the process of recruiting a new permanent CFO and will provide updates in due course. Lamor Corporation is a leading provider of environmental solutions, specializing in oil spill response, waste management, and other services, with operations in over 20 countries and a turnover of 123 million euros in 2023. The company's shares are listed on Nasdaq Helsinki.

On August 1, 2024, Lamor Corporation Plc announced that it received a notification indicating that Nico Larsen's holding in Lamor’s shares and votes fell below the 5% threshold due to transactions on July 31, 2024. Lamor has a total of 27,502,424 shares, each corresponding to one vote. As of the date the threshold was crossed, Larsen's holding was 4.99%. 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 under the ticker LAMOR. For more information, contact Tapio Pesola, Director of Investor Relations and Communications at Lamor.

On August 1, 2024, Lamor Corporation Plc announced that it received a notification indicating that Nico Larsen's holding in Lamor's shares and votes has fallen below the 5% threshold due to transactions on July 31, 2024. Lamor has a total of 27,502,424 shares, each corresponding to one vote. As of the date the threshold was crossed, Larsen holds 4.99% of the shares and voting rights. 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 globally with over 600 employees in more than 20 countries and had a turnover of 123 million euros in 2023. Its shares are listed on Nasdaq Helsinki under the ticker LAMOR. For further information, contact Tapio Pesola, Director of Investor Relations and Communications.

Lamor Corporation Plc's Half-Year Financial Report for 2024 highlights significant advancements in environmental protection projects, particularly in Saudi Arabia, demonstrating the success of their "Land and expand" growth strategy in the Middle East. Despite revenue and profitability being below the previous year's comparison period, they showed growth from the first quarter. Key achievements include a three-year service agreement worth EUR 55 million with NEOM Company and a four-month extension option for another major project in Saudi Arabia. The company also expanded into the Norwegian aquaculture industry and South American soil remediation business. Cumulative order intake in the first half of 2024 exceeded the full year of 2023, although geopolitical uncertainties affect tendering processes. Financially, revenue and profitability were impacted by project delays and cost updates, with a notable decrease in revenue and EBITDA compared to the previous year. Lamor continues to focus on improving operational efficiency and profitability through its Next leap program. The company maintains its revenue guidance for 2024 but does not provide profitability guidance due to market uncertainties. No significant events occurred after the reporting period. A webcast for shareholders, analysts, and media will be held on 25 July 2024.

Lamor Corporation Plc announced its Half-Year Financial Report for 2024, highlighting significant advancements in environmental protection projects in Saudi Arabia, including a major EUR 55 million service agreement with NEOM Company. The company's "Land and expand" strategy has shown effectiveness in the Middle East, Norway, and South America. Despite revenue and profitability being below the comparison period, they improved from the first quarter of the year. The report notes geopolitical uncertainties affecting tenders and financial stability, impacting revenue. Key financial figures showed a decline in revenue and profitability compared to the previous year. The company continues to focus on cost management and operational efficiency. No significant events occurred after the reporting period. Lamor maintains its revenue guidance for 2024 but does not provide profitability guidance due to market uncertainties. The full report is available on Lamor's website.

On June 18, 2024, at 1:30 p.m. EEST, Lamor Corporation Plc announced a managers' transaction involving Johan Grön, the Chief Executive Officer. The notification, identified by reference number 66526/9/6, reports an acquisition of shares. The transaction took place on June 17, 2024, at NASDAQ Helsinki Ltd (XHEL), involving 71,400 shares at a unit price of 2.1 EUR, resulting in a total transaction volume weighted average price of 2.1 EUR. For further information, contact Johanna Grönroos, CSO of Lamor Corporation Plc. Lamor Corporation is a leading provider of environmental solutions, specializing in oil spill response, waste management, water treatment, soil remediation, and plastic recycling, with operations in over 20 countries and a 2023 turnover of 123 million euros. Lamor's shares are listed on Nasdaq Helsinki under the ticker LAMOR.

On June 18, 2024, Lamor Corporation Plc reported a transaction involving the Larsen Family Corporation Oy, a legal entity closely associated with Fred Larsen, a member of Lamor's Board. The transaction, which took place on June 17, 2024, involved the disposal of 71,400 shares at a unit price of 2.1 EUR on Nasdaq Helsinki. Lamor Corporation is a global provider of environmental solutions, specializing 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 had a turnover of 123 million euros in 2023. Lamor's shares are listed on Nasdaq Helsinki under the ticker LAMOR.

On June 18, 2024, at 1:30 p.m. EEST, Lamor Corporation Plc announced a manager's transaction involving the Larsen Family Corporation Oy, a legal entity closely associated with Fred Larsen, a member of Lamor's Board. The transaction, which occurred on June 17, 2024, involved the disposal of 71,400 shares at a unit price of 2.1 EUR on NASDAQ Helsinki. The volume-weighted average price was 2.1 EUR. For further information, Johanna Grönroos, CSO of Lamor Corporation Plc, can be contacted. Lamor Corporation is a leading provider of environmental solutions with over 600 employees in more than 20 countries and a turnover of 123 million euros in 2023. The company's shares are listed on Nasdaq Helsinki under the ticker LAMOR.

On June 18, 2024, at 1:30 p.m. EEST, Lamor Corporation Plc reported a transaction involving its Chief Executive Officer, Johan Grön. The notification, identified by reference number 66526/9/6, detailed an acquisition of shares on June 17, 2024, at NASDAQ Helsinki. The transaction involved 71,400 shares at a unit price of 2.1 EUR, resulting in a volume-weighted average price of 2.1 EUR. Lamor Corporation is a leading provider of environmental solutions, specializing in services such as oil spill response, waste management, and soil remediation. The company 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 under the ticker LAMOR. Further information can be found on their website, lamor.com.