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Kalender

Est. tid*
2025-09-05 N/A 15-10 2025-Q3
2025-06-05 09:00 Kvartalsrapport 2025-Q2
2025-03-13 - 15-10 2025-Q1
2025-02-06 - X-dag ordinarie utdelning PNA1V 0.00 EUR
2025-02-05 - Årsstämma
2024-12-13 - Bokslutskommuniké 2024
2024-09-04 - 15-10 2024-Q3
2024-05-30 - Kvartalsrapport 2024-Q2
2024-03-14 - 15-10 2024-Q1
2024-02-08 - X-dag ordinarie utdelning PNA1V 0.00 EUR
2024-02-07 - Årsstämma
2023-12-15 - Bokslutskommuniké 2023
2023-09-01 - 15-10 2023-Q3
2023-06-02 - Kvartalsrapport 2023-Q2
2023-03-15 - 15-10 2023-Q1
2023-02-08 - X-dag ordinarie utdelning PNA1V 0.03 EUR
2023-02-07 - Årsstämma
2022-12-15 - Bokslutskommuniké 2022
2022-06-17 - X-dag bonusutdelning PNA1V 0.05
2022-06-02 - Kvartalsrapport 2022-Q2
2022-03-15 - 15-10 2022-Q1
2022-02-08 - X-dag ordinarie utdelning PNA1V 0.03 EUR
2022-02-07 - Årsstämma
2021-12-14 - Bokslutskommuniké 2021
2021-06-03 - Kvartalsrapport 2021-Q2
2021-02-08 - X-dag ordinarie utdelning PNA1V 0.03 EUR
2021-02-05 - Årsstämma
2020-12-11 - Bokslutskommuniké 2020
2020-06-04 - Kvartalsrapport 2020-Q2
2020-02-07 - X-dag ordinarie utdelning PNA1V 0.05 EUR
2020-02-06 - Årsstämma
2019-12-13 - Bokslutskommuniké 2019
2019-09-18 - X-dag bonusutdelning PNA1V 0.03
2019-01-31 - Årsstämma
2019-01-31 - X-dag ordinarie utdelning PNA1V 0.05 EUR
2018-12-13 - Bokslutskommuniké 2018
2018-09-06 - Kvartalsrapport 2018-Q3
2018-05-31 - Kvartalsrapport 2018-Q2
2018-03-01 - Kvartalsrapport 2018-Q1
2018-02-02 - X-dag ordinarie utdelning PNA1V 0.04 EUR
2018-02-01 - Årsstämma
2017-12-14 - Bokslutskommuniké 2017
2017-09-07 - Kvartalsrapport 2017-Q3
2017-06-01 - Kvartalsrapport 2017-Q2
2017-03-02 - Kvartalsrapport 2017-Q1
2017-02-01 - X-dag ordinarie utdelning PNA1V 0.04 EUR
2017-01-31 - Årsstämma
2016-12-09 - Bokslutskommuniké 2016
2016-09-01 - Kvartalsrapport 2016-Q3
2016-06-02 - Kvartalsrapport 2016-Q2
2016-03-03 - Kvartalsrapport 2016-Q1
2016-02-03 - X-dag ordinarie utdelning PNA1V 0.05 EUR
2016-02-02 - Årsstämma
2015-12-11 - Bokslutskommuniké 2015
2015-09-02 - Kvartalsrapport 2015-Q3
2015-06-03 - Kvartalsrapport 2015-Q2
2015-03-04 - Kvartalsrapport 2015-Q1
2015-02-06 - X-dag ordinarie utdelning PNA1V 0.04 EUR
2015-02-06 - X-dag bonusutdelning PNA1V 0.04
2015-02-05 - Årsstämma
2014-12-12 - Bokslutskommuniké 2014
2014-09-03 - Kvartalsrapport 2014-Q3
2014-06-04 - Kvartalsrapport 2014-Q2
2014-03-05 - Kvartalsrapport 2014-Q1
2014-01-30 - X-dag ordinarie utdelning PNA1V 0.00 EUR
2014-01-29 - Årsstämma
2013-12-13 - Bokslutskommuniké 2013
2013-09-04 - Kvartalsrapport 2013-Q3
2013-06-05 - Kvartalsrapport 2013-Q2
2013-03-06 - Kvartalsrapport 2013-Q1
2013-01-30 - X-dag ordinarie utdelning PNA1V 0.04 EUR
2013-01-29 - Årsstämma
2012-12-14 - Bokslutskommuniké 2012
2012-09-05 - Kvartalsrapport 2012-Q3
2012-06-06 - Kvartalsrapport 2012-Q2
2012-03-07 - Kvartalsrapport 2012-Q1
2012-02-01 - X-dag ordinarie utdelning PNA1V 0.05 EUR
2012-01-31 - Årsstämma
2011-12-15 - Bokslutskommuniké 2011
2011-09-07 - Kvartalsrapport 2011-Q3
2011-06-08 - Kvartalsrapport 2011-Q2
2011-03-09 - Kvartalsrapport 2011-Q1
2011-01-28 - X-dag ordinarie utdelning PNA1V 0.05 EUR
2011-01-27 - Årsstämma
2010-09-08 - Kvartalsrapport 2010-Q3
2010-06-09 - Kvartalsrapport 2010-Q2
2010-01-28 - X-dag ordinarie utdelning PNA1V 0.12 EUR
2009-01-27 - X-dag ordinarie utdelning PNA1V 0.12 EUR
2007-12-19 - X-dag ordinarie utdelning PNA1V 0.09 EUR
2006-12-18 - X-dag ordinarie utdelning PNA1V 0.13 EUR
2005-12-20 - X-dag ordinarie utdelning PNA1V 0.06 EUR
2005-02-14 - X-dag ordinarie utdelning PNA1V 0.04 EUR
2004-02-20 - X-dag ordinarie utdelning PNA1V 0.07 EUR
2003-02-18 - X-dag ordinarie utdelning PNA1V 0.08 EUR
2002-02-08 - X-dag ordinarie utdelning PNA1V 0.09 EUR
2001-04-02 - Split PNA1V 1:3
2001-03-28 - X-dag ordinarie utdelning PNA1V 0.24 EUR
2000-02-11 - X-dag ordinarie utdelning PNA1V 0.12 EUR
1999-03-31 - X-dag ordinarie utdelning PNA1V 0.00 EUR

Beskrivning

LandFinland
ListaSmall Cap Helsinki
SektorFinans
IndustriInvesteringar
Panostaja är ett investmentbolag. Bolaget förvärvar och utvecklar små- och medelstora bolag med långsiktig utvecklingspotential. Utöver tillväxtpotential fokuserar bolagen på att aktivt äga och driva strategiska förändringar. Investeringsportföljen är inriktat mot flera branscher med störst koncentration inom sjukvård och industri runtom den europeiska marknaden. Bolagets huvudkontor ligger i Tampere.
2025-03-13 09:00:08

13.3.2025 10:00:03 EET | Panostaja Oyj | Interim report (Q1 and Q3)

Panostaja Oyj        Business Review Q1       March 13, 2025      at 10.00 a.m.

Panostaja Oyj’s Business Review November 1, 2024–January 31, 2025

 

Varying development across our segments – CoreHW achieves a strong opening to the financial period, Grano’s demand remains modest

November 2024–January 2025 (3 months) in brief: 

  • Net sales increased in one of our four segments. Net sales for the Group as a whole dropped by 1.8% to MEUR 32.7 (MEUR 33.3).
  • EBIT improved in two segments. The entire Group’s EBIT was MEUR -0.8 (MEUR -0.4).
  • Grano’s net sales for the review period dropped by 3% from the reference period. EBIT totaled MEUR -0.9 (MEUR 0.2). The EBIT includes one-time items related to change negotiations in the amount of MEUR -0.8.
  • Earnings per share (undiluted) were -1.4 cents (-1.6 cents).


CEO Tapio Tommila:

“Similarly to the previous year, market uncertainty remained elevated in the first quarter, and we have not yet seen significant signs of recovery in the general economic development. Within the customer bases of our segments, investment decisions remained slow and general customer demand continued to be lower than usual. Overall, first-quarter net sales decreased by 1.8%, with Grano’s net sales being weaker than in the reference period and the change in Hygga's clinic business encumbering net sales as expected. On the other hand, CoreHW’s strong development continued in the first quarter of the financial year, supporting the total net sales level.

EBIT for the review period weakened to MEUR -0.8 from MEUR -0.4 in the reference period. An essential item that weakened the result was formed by the one-time costs related to Grano’s change negotiations, totaling MEUR 0.8. During the review period, Grano completed the change negotiations, and the structural and organizational changes implemented will achieve permanent annual cost savings of approximately MEUR 3, which will be fully realized in the 2026 financial year. In the review period, EBIT improved in two of our four investments, and CoreHW achieved the largest profitability improvement by far. Customer activity related to CoreHW’s design service was at a good level during the review period and EBIT increased to MEUR 0.7 (MEUR -0.2). Oscar Software also continued to improve profitability, with EBIT rising to MEUR 0.2 (MEUR 0.1) while net sales remained at the level of the reference period. Hygga’s EBIT decreased to MEUR -0.1 from MEUR 0.1 in the comparison period, while the transition of the clinic business back to private clinic business was under way.

The slow phase in the corporate acquisition market has continued beyond the turn of the year, and the number of bids is clearly lower than usual. We are actively focusing on generating our own project flow and focusing on exploring new corporate acquisition opportunities in our target sectors, in accordance with our goals.

On February 5, 2025, Panostaja’s Annual General Meeting decided to change the company’s financial year to a calendar year. As a result, the financial year that began on November 1, 2024 will end on December 31, 2025. We will release our six-month review and business report for the third quarter on October 30, 2025, according to our announced schedule. The preliminary plan will be to publish the financial statement bulletin at the turn of February and March 2026.”


Financial Development November 1, 2024–January 31, 2025

Key Figures 

MEUR 

  

Q1

Q1

12 months

 

11/24-

1/25

11/23-

1/24

11/23-

10/24

Net sales, MEUR 

32.7

33.3

134.0

EBIT, MEUR 

-0.8

-0.4

2.5

Profit before taxes, MEUR 

-1.0

-1.1

-3.1

Profit/loss for the financial period, MEUR 

-1.1

-1.1

-3.2

Distribution: 

 

 

 

     Shareholders of the parent company 

-0.7

-0.9

-4.0

     Minority shareholders 

-0.3

-0.2

0.7

Earnings per share, undiluted, EUR 

-0.01

-0.02

-0.08

Interest-bearing net liabilities 

36.9

38.9

39.3

Gearing ratio, % 

75.6

75.3

79.3

Equity ratio, % 

38.2

36.9

37.8

Equity per share, EUR 

0.53

0.60

0.54

 

Distribution of net sales by segment

MEUR 

Q1

Q1

12 months

 

Net sales

11/24-

1/25

11/23-

1/24

11/23-

10/24

Grano 

25.6

26.3

104.6

Hygga

1.4

2.0

8.8

CoreHW

2.8

2.0

8.6

Oscar Software

2.9

2.9

12.1

Others 

0.0

0.0

0.0

Eliminations 

0.0

0.0

-0.1

Group in total 

32.7

33.3

134.0

 

Distribution of EBIT by segment  

MEUR 

Q1

Q1

12 months

 

EBIT

11/24-

1/25

11/23-

1/24

11/23-

10/24

Grano 

-0.9

0.2

3.0

Hygga

-0.1

0.1

0.4

CoreHW

0.7

-0.2

-0.1

Oscar Software

0.2

0.1

1.4

Others 

-0.6

-0.6

-2.1

Group in total 

-0.8

-0.4

2.5

Panostaja Group’s business operations for the current review period are reported in five segments: Grano, Hygga, CoreHW, Oscar Software and Others (parent company and associated companies).

One associated company, Gugguu Group Oy, provided a report for the review period. The impact on profit/loss of the reported associated companies in the review period was MEUR -0.1 (MEUR -0.0), which is presented in a separate row in the consolidated income statement.The development of Gugguu’s net sales and EBIT has been commented on more specifically in the Segments section.

Outlook for the 2025 Financial Period

Activity in the corporate acquisition market has been slow due to the uncertain economic outlook, and the availability of new segments has declined. The consistently high liquidity of the market and the continuously high price expectations of the sellers have contributed to making the operating environment challenging for corporate acquisitions. That said, the need for SMEs to utilize ownership arrangements and growth opportunities will continue and, as the economic outlook improves, the corporate acquisition market is expected to recover. We will continue to actively explore new possible investment targets in accordance with our strategy and assess divestment possibilities as part of the ownership strategies of the investment targets.   

It is thought that the demand situation for different investments will develop in the short term as follows:     

  • The demand for Grano, Oscar Software, CoreHW and Hygga will remain satisfactory.  

The demand situation presented above involves uncertainties relating to any geopolitical and macroeconomic impacts that are difficult to anticipate. In addition to this, the domestic labor market situation and the instability of international trade policy increase uncertainty for the current financial year. The effects of the war in Ukraine as well as related economic sanctions and geopolitical tensions will increase economic uncertainty in Finland and abroad, which may negatively impact segment demand or the availability of materials, and thereby material prices and delivery capabilities. The general economic volatility may have a negative impact on the purchasing power of consumers and the willingness of companies to make investments, which may weaken the demand situation of our segments from the estimate provided above.


Panostaja Oyj

Board of Directors

For further information, contact CEO Tapio Tommila, +358 (0)40 527 6311

Panostaja Oyj

Tapio Tommila
CEO

About Panostaja Oyj

Panostaja is an investment company developing Finnish companies in the growing service and software sectors as an active shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories.

Panostaja has a majority holding in four investment targets. Grano Oy is the most versatile expert of content services in Finland. Hygga Oy is a company providing health care services and the ERP system for health care providers. CoreHW provides high added value RF IC design services. Oscar Software provides ERP systems and financial management services.

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