Pressmeddelanden, rapporter och bolagsmeddelande för Orthex Oyj

On May 20, 2024, Hanna Kukkonen, a senior manager at Orthex Corporation, acquired shares of the company on the NASDAQ Helsinki Ltd (XHEL) exchange. The shares were purchased in three transactions, with volumes of 461, 82, and 187 at unit prices of 6.74 EUR and 6.76 EUR. The total volume of the transactions was 730 shares, with a volume-weighted average price of 6.74737 EUR. The notification was an initial one, indicating this was Kukkonen's first such transaction.

Orthex Corporation has reported strong sales and improving profitability in its interim report for January-March 2024. The company's net sales increased by 7.5% to €22.0 million, driven by strong in-store activities and normalising demand in the Nordics. The Storage category performed well with a growth of 10.0% compared to the same period last year. The company's profitability also improved, with an adjusted EBITA margin at 12.6% and the adjusted EBITA at €2.8 million. Orthex's long-term financial targets include an average annual organic net sales growth to exceed 5% at the Group level and to exceed 10% outside the Nordics. The company also aims to distribute a stable and over time increasing dividend with a payout of at least 50% of net profit, on a biannual basis.

Orthex Corporation held its Annual General Meeting on 9 April 2024. All proposals presented at the meeting were approved, including the adoption of the financial statements and discharge of the Board of Directors and CEO for the 2023 financial year. A dividend of EUR 0.21 per share will be paid in two instalments. The remuneration report for 2023 was approved, with the Chair of the Board to receive a monthly fee of EUR 4,000 and other members EUR 2,000. Five members were re-elected to the Board. Ernst & Young Oy was re-elected as the company’s auditor. The Board was authorised to decide on acquisition of the company’s own shares and issuance of shares and special rights. The minutes of the meeting will be available on the corporate website by 23 April 2024.