Condo Nordic Holding AB

Condo Nordic Holding AB (publ) – Interim report Q3 2024

Fri, Nov 22, 2024 09:00 CET

Monthly growth of sales resulted in an all-time high Q3 Condo Nordic Holding experienced excellent revenue growth in the third quarter of 2024. The total net sales in Q3 were 55% higher than in Q3/2023 (14 914 kSEK vs 9 643 kSEK), making Q3/2024 the best-ever quarter in the company's history regarding net sales. In July and August, net sales reached record highs for these months, while September also showed strong performance, marking the second-best September in the company's history for net sales.1 July – 30 September 2024 • Net sales for the period 14,915 (9,643) kSEK •

Feiholm Invest and Condo Finland Partner to Secure Financial Stability

Thu, Nov 21, 2024 20:00 CET

Feiholm Invest Oy (“Feiholm”), the principal owner of Condo Nordic Holding AB (“Condo”), and Condo Finland Oy have signed a strategic pledge agreement to enhance Condo’s financial resilience. Feiholm has pledged shares valued at EUR 500 thousand as collateral, committing to cover any credit losses incurred by Condo and ensuring the company’s stability.This agreement follows Condo’s recent provision of EUR 422 thousand for credit losses tied to the bankruptcy of a minor shareholder. With the pledge now in place, Condo will terminate the provision, reflecting the enhanced financial safeguards

Credit Loss Provisions Impact Condo’s Q3 Results

Fri, Oct 25, 2024 14:15 CET

Condo Nordic Holding AB announces that its third-quarter financial results will be impacted bya credit loss provision related to the bankruptcy of one of its minor shareholders, Opema Oy.Condo Nordic Holding AB announces that its third-quarter financial results will be impacted bya credit loss provision related to the bankruptcy of one of its minor shareholders, Opema Oy. Although Opema Oy has appealed the bankruptcy ruling to the Supreme Court of Finland,Condo has decided to prudently provision for the full potential credit exposure, totalling EUR 422,000. This proactive measure

Condo Nordic Holding Q2/2024 interim report

Fri, Aug 23, 2024 12:00 CET

Condo sees good development in business in Q2 after a challenging start of the year - correction to some figures in the earlier releaseInterimReport January - June 2024 Condo Nordic Holding AB (publ) Highlights Q2 Financial Highlights • Group net sales Q2 2024 10 166 (10 680) kSEK • Adjusted operating profit after financial items taking into account items affecting comparability -514(1 288) kSEK, equaling a margin of -5% (12%) • EBITDA of -5 502 (1 748)