Panostaja Oyj

Panostaja Oyj released a Stock Exchange Bulletin on December 16, 2024, regarding a manager's transaction. Jukka Ala-Mello, a member of the board, received a share-based incentive. The transaction occurred on December 16, 2024, at NASDAQ Helsinki Ltd. It involved 20,000 shares at a unit price of 0.4 EUR, with the same volume-weighted average price. For more information, CEO Tapio Tommila can be contacted.

Panostaja Oyj released a stock exchange bulletin on December 16, 2024, detailing a manager's transaction. Tarja Pääkkönen, a member of the board, received a share-based incentive involving 10,000 shares at a unit price of 0.4 EUR, transacted on NASDAQ Helsinki. The transaction was an initial notification with a reference number 87981/5/4. Panostaja Oyj is an investment company focused on developing Finnish companies in the service and software sectors. The company holds majority stakes in four businesses: Grano Oy, Hygga Oy, CoreHW, and Oscar Software. For more information, CEO Tapio Tommila can be contacted.

Panostaja Oyj announced changes in its own shares related to board member fees and a share bonus system. The company decided that approximately 40% of board member fees would be paid in shares, except for members owning more than 1% of the total share capital, who receive cash. Following this decision, Panostaja transferred a total of 50,000 shares to various board members. Additionally, the company transferred 40,005 shares to the Senior Management Team as part of a share bonus system. As a result, Panostaja holds a total of 437,787 shares. Panostaja is an investment company focused on developing Finnish companies in the service and software sectors and is listed on the Nasdaq Helsinki Stock Exchange. The company's net sales for the 2024 financial year were EUR 134 million.

Panostaja Oyj has announced its Annual General Meeting (AGM) will be held on February 5, 2025, at Lapland Hotels Arena in Tampere. The meeting will cover various agenda items, including the presentation and adoption of financial statements, decisions on profit distribution, and the election of Board members. The Board proposes no dividends for the financial period ending October 31, 2024, but seeks authorization to distribute up to EUR 4.7 million if financial conditions allow. The Board also proposes the election of five Board members, with specific individuals nominated for re-election and new appointments. The remuneration for Board members is proposed to remain unchanged, with part of it potentially paid in company shares. Deloitte Oy is proposed as the auditor. Changes to the Articles of Association regarding the financial year and authorizations for share acquisitions and issuances are also on the agenda. Shareholders must register by January 31, 2025, to participate.

Panostaja Oyj reported continued profitability improvements in the fourth quarter of 2024, despite ongoing economic uncertainty affecting some segments. The Board of Directors proposed no dividend distribution for the financial year ending October 31, 2024. CEO Tapio Tommila highlighted challenges in the market environment, particularly impacting Grano, their largest segment, which saw a decline in net sales. However, profitability measures implemented earlier in the year began to show positive results, with an overall EBIT improvement of MEUR 2.6 in the last quarter. Oscar Software and Hygga experienced growth in net sales, while CoreHW saw a significant increase in design services activity. Despite a challenging corporate acquisition market, Panostaja remains focused on strategic investments in the services and software sectors. The company plans structural changes in Grano to achieve cost savings and aims to enhance long-term profitability. The outlook for 2025 remains cautious due to geopolitical and macroeconomic uncertainties. Panostaja is an investment company focusing on developing Finnish companies in the service and software sectors.

On November 27, 2024, Panostaja Oyj announced that its investment target, Grano, will begin change negotiations affecting approximately 570 employees, excluding those from its subsidiary Grano Diesel. These negotiations aim to improve profitability and enhance long-term competitiveness, potentially resulting in annual cost savings of around EUR 3 million. The proposed changes could lead to the termination of up to 59 employment contracts, alterations in employment terms, or part-time positions. Temporary and open-ended layoffs may also occur due to the current market situation. Grano Group employs about 780 people. Panostaja, an investment company focusing on the service and software sectors, holds a majority stake in four investment targets and is listed on the Nasdaq Helsinki Stock Exchange. In 2023, Panostaja's net sales were EUR 136.2 million.

Panostaja Oyj has announced its financial calendar. The company's financial year will conclude on October 31, 2024, with the financial results being released on December 13, 2024. The Annual General Meeting is scheduled for February 5, 2025, and the annual report will be available during the third week of 2025 at www.panostaja.fi. Panostaja will publish three financial reviews during the 2024-2025 financial year. Panostaja Oyj is an investment company focused on developing Finnish companies in the service and software sectors and is listed on the Nasdaq Helsinki Stock Exchange. In 2023, the company's net sales were 136.2 million euros. For more information, contact CEO Tapio Tommila.

Panostaja Oyj released its Q3 Business Review for the period November 1, 2023, to July 31, 2024. The company reported continued positive profitability development in the third quarter, with EBIT improving by MEUR 1.3 from the reference period to MEUR 0.8. Net sales for the quarter remained stable at MEUR 31.6. Grano's net sales dropped slightly, but cost-saving measures are expected to yield significant savings. Hygga's clinic operations showed positive development, though the outsourcing business will end in October 2024, leading to lower future net sales. CoreHW experienced a positive turn with new design service orders, and Oscar Software saw growth in its ARR software business and expert sales. The corporate acquisition market showed slight improvement but remains below the long-term average. Financially, the company’s net sales for the nine-month period were MEUR 98.5, with a profit before taxes of MEUR -4.4. Panostaja continues to explore new investment opportunities and assess divestment possibilities. The outlook for the 2024 financial period remains cautious due to geopolitical and macroeconomic uncertainties. No significant events occurred after the review period.

On July 1, 2024, Panostaja Oyj announced a flagging notification in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act. The notification was received on June 30, 2024, indicating that Oy Koskenkorva Ab, controlled by Treindex Oy, has merged into Treindex Oy. This merger transferred the shares held by Oy Koskenkorva Ab to Treindex Oy, triggering the flagging obligation. Treindex Oy now holds 23.99% of Panostaja Oyj's shares and voting rights, a position unchanged from the previous notification. Panostaja Oyj is an investment company focused on developing Finnish companies in the service and software sectors, with its shares listed on the Nasdaq Helsinki Stock Exchange. In the 2023 financial year, the Group's net sales totaled EUR 136.2 million.

On July 1, 2024, Panostaja Oyj announced a flagging notification in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act. The notification was received on June 30, 2024, and pertains to the merger of Oy Koskenkorva Ab into Treindex Oy, which resulted in the transfer of shares held by Oy Koskenkorva Ab to Treindex Oy. As a result of the merger, Oy Koskenkorva Ab's shareholding and voting rights in Panostaja Oyj dropped to 0%, from a previous 13.74%. Panostaja Oyj is an investment company focused on developing Finnish companies in the service and software sectors. The company is listed on the Nasdaq Helsinki Stock Exchange and reported net sales of MEUR 136.2 for the 2023 financial year.