Wulff-Yhtiöt Oyj

On December 5, 2024, Wulff Group Plc reported a transaction involving Kari Juutilainen, the Chairman of the Board of Directors, under the EU Market Abuse Regulation. The transaction, an acquisition of Wulff Group Plc shares, took place on December 4, 2024, at Nasdaq Helsinki Ltd. The details of the transaction include the purchase of 4,000 shares at an average price of 3.01501 EUR per share. For further inquiries, CEO Elina Rahkonen can be contacted. Wulff Group, operating in Finland, Sweden, Norway, and Denmark, provides a variety of workplace products and services, emphasizing sustainability and customer experience.

Wulff Group Plc announced its financial calendar for 2025, stating that financial reports will be released at approximately 9:30 a.m. on their respective dates. The Annual General Meeting is scheduled for April 3, 2025, with a separate notice to be issued beforehand. Wulff Group offers a range of workplace products and services, including office supplies, ergonomics, hygiene products, and Canon printing services, as well as international exhibition and remote meeting solutions. The company emphasizes sustainability and enhancing customer experience. Wulff operates in Finland, Sweden, Norway, and Denmark. Additional information is available from CEO Elina Rahkonen.

Wulff Group Plc released its interim report for January-September 2024, highlighting a strong third quarter despite challenging market conditions in Finland and Scandinavia. The company reported a 23.2% increase in net sales for July-September 2024 compared to the same period last year, reaching EUR 26.2 million. For the first nine months of 2024, net sales rose by 5.7% to EUR 74.9 million. The Worklife Services Segment saw significant growth, largely due to the new staff leasing business and expansion in accounting services. Meanwhile, the Products for Work Environments Segment experienced a slight decline in net sales. The company maintained its financial guidance for 2024, expecting net sales to increase and operating profit to remain strong. CEO Elina Rahkonen attributed the positive results to skilled personnel, partners, and customers. Wulff continues to focus on growing its service business and improving profitability, supported by a sustainable business strategy. No significant subsequent events were reported.

Wulff Group Plc released its Half-Year Financial Report for January–June 2024. Key financial metrics indicate a mixed performance: net sales for Q2 2024 increased by 4.6% year-on-year to EUR 25.5 million, while net sales for the first half of 2024 decreased by 1.7% to EUR 48.8 million. The Worklife Services Segment saw significant growth, driven by new staff leasing and financial management services, while the Products for Work Environments Segment experienced a decline in net sales. EBITDA for Q2 2024 was EUR 1.7 million, up from EUR 1.3 million in Q2 2023, with an EBITDA margin of 6.8%. Comparable EBITDA for Q2 2024 was also EUR 1.7 million. Operating profit for Q2 2024 increased to EUR 1.2 million from EUR 0.8 million, with a margin of 4.6%. For January–June 2024, EBITDA was EUR 2.6 million, and operating profit was EUR 1.6 million. CEO Elina Rahkonen expressed satisfaction with the Q2 increase in net sales and profitability, attributing the positive results to the successful start of the new staffing business and stable financial administration services. The company continues to focus on improving profitability and growing its service business, supported by a strategy emphasizing customer experience, digital services, responsibility, and acquisitions. There were no significant subsequent events after the reporting period. Wulff Group Plc will release its next financial report for January-September 2024 on October 21, 2024.

Wulff Group Plc announced an update to their June 10, 2024 stock exchange release concerning the acquisition of Tilitoimisto Raahen Tase Oy. The adjusted operating profit of EUR 0.3 million for the acquired company for the comparison period of 2022 has been added to the key figures. The full updated release is attached. Wulff Group Plc offers a variety of workplace products and services, including office supplies, hygiene products, and financial management services, and operates in Finland, Sweden, Norway, and Denmark. Further information can be obtained from CEO Elina Rahkonen.

On June 10, 2024, Wulff Group Plc announced the acquisition of Tilitoimisto Raahen Tase Oy, an established accounting and financial management firm in Pohjois-Pohjanmaa, for EUR 2.1 million. This acquisition, which includes EUR 1.2 million for business value, EUR 0.7 million in cash, and EUR 0.2 million for office space, aims to enhance Wulff's Worklife Services business. Raahen Tase has annual net sales of approximately EUR 0.8 million and will add eight professionals and over 200 customers to Wulff's portfolio. The acquisition aligns with Wulff's goal to expand its accounting and financial management services and is expected to positively impact profitability. Post-acquisition, Wulff Group's accounting and financial management services will generate around EUR 4 million in annual net sales, served by over 40 professionals.

Wulff Group PLC has announced a change in its financial reporting structure from January 1, 2024, to better reflect its current business activities. The new structure will include two reporting segments: Worklife Services and Products for Work Environments. The company anticipates a growth in the importance of service businesses in its operations. The Worklife Services segment will include exhibition, space design, event services, and various other services. The Products for Work Environments segment will consist of workplace products and services in Finland and Scandinavia. The change in reporting segments will be reflected in the company's interim report for the first quarter of 2024. The company will also publish comparable data from the 2023 financial year to enable comparison with the new reporting structure.

Wulff Group Plc’s Annual General Meeting on April 4, 2024, decided to distribute a dividend of EUR 0.15 per share for the financial year 2023, to be paid in two instalments. The first instalment will be EUR 0.08 per share on April 15, 2024, and the second EUR 0.07 per share on October 14, 2024. The board was given permission to repurchase company shares. Kari Juutilainen, Lauri Sipponen, Jussi Vienola, and Kristina Vienola were elected as board members, with Juutilainen serving as Chairman. BDO Oy was chosen as the auditor, with Joonas Selenius as the lead audit partner. The meeting also adopted the financial statements for 2023, discharged the board and CEO from liability for 2023, and adopted the remuneration policy and report for 2023. The board was authorized to decide on the acquisition of a maximum of 300,000 own shares and to issue a maximum of 1,300,000 shares.