US/UK/Canada

Share

Pick a time period -
Tags ( Active)

Wetteri Plc’s financial reporting and Annual General Meeting in 2025

Wetteri Plc Stock exchange release 7 January 2025 at 9.30Wetteri Plc will publish its financial reports in 2025 as follows:  · 13th March 2025: Financial statements bulletin for the 2024 financial year  · 24th April 2025: Annual report and financial statements for the 2024 financial year  · 19th May 2025: Interim report for January–March 2025  · 28th August 2025: Interim report for January–June 2025  · 20th November 2025: Interim report for January–September 2025  Wetteri Plc’s Annual General Meeting is scheduled to be held on 20th May 2025. The notice of the meeting

Polestar expands sales and service operations to Wetteri Kuopio

Wetteri Plc press release 3.1. January 2025 at 13:45Automotive growth company Wetter's collaboration with Polestar expands. With the expansion of the partnership, Wetteri Polestar sales and service operations can already be found in Oulu and later this year in Kuopio.  In 2024, a new concept Polestar Space was opened in Wetteri Oulu, and later the Polestar Space with the same concept will also be located in Kuopio. Aarne Simula, CEO, Wetteri Oyj: "We are excited about this strengthened cooperation. We are one of four Polestar partners in Finland and have the largest sales area in the

Wetteri has significantly reduced its debt financing

Wetteri Plc Press Release 3 January 2025 at 11.00On 31 December 2024 and 2 January 2025, Wetteri has paid off EUR 6.9 million in total of its interest-bearing, repayable bank loans. Prior to this, Wetteri had EUR 15.4 million in bank loans. After the payments Wetteri has EUR 8.5 million left in bank loans. On 2 January 2025, Wetteri has also paid off EUR 8 million of interest-bearing overdraft facilities. Prior to the payment, Wetteri had access to EUR 18.5 million in overdraft facilities. After the payment, Wetteri has access to EUR 10.5 million in overdraft facilities. Interest is paid

Cooperation between Wetteri and Inchcape Motors Finland Oy expands, Mazda's sales and brand service representation expands to Wetteri Lempäälä in Pirkanmaa and Wetteri Kajaani in Kainuu

Wetteri Plc Press release 18 December 2024 at 9.30Automotive growth company Wetteri’s cooperation with Inchcape Motors Finland Oy, the importer of Mazda, is expanding. In the beginning of 2025, Wetteri's Mazda sales and car maintenance and spare parts services will expand to Wetteri Lempäälä in Pirkanmaa and Wetteri Kajaani in Kainuu. In addition, Mazda car maintenance operations will expand to Iisalmi. Mazda car sales representation can be found at the following locations: Rovaniemi, Kemi, Oulu, Ylivieska and in the beginning of 2025 also Lempäälä and Kajaani. Car maintenance operations

Insider Information: Wetteri's Financial Guidance for 2025

Wetteri Plc Insider Information 18 December 2024 at 9:00The entrepreneur-driven growth company in the automotive sector, Wetteri, announces its financial guidance for 2025 Wetteri Plc’s Financial Guidance for 2025 Revenue: EUR 510–540 million Adjusted Operating Profit: EUR 9–11 million Aarne Simula, CEO and President, Wetteri Plc: "This year, the automotive market has been historically low, posing challenges for the entire industry. However, according to the forecast group for the automotive sector, the market has now bottomed out, and next year already shows signs of

Cooperation between Wetteri and Astara Finland deepens, Kia representation expands to Wetteri Kuopio

Wetteri Plc Press release 17 December 2024 at 14.30Automotive growth company Wetteri’s cooperation with Astara Finland, the importer of Kia and Mitsubishi brands, is expanding. With the cooperation, Wetteri’s Kia expansion will reach now ten locations: Iisalmi, Joensuu, Rovaniemi, Kemi, Oulu, Lempäälä, Ylivieska, Pori, Kajaani and now Kuopio. Aarne Simula, CEO and President, Wetteri Plc: “We are still very pleased with deepening the cooperation. We believe that this is an important driver of organic growth, as Kia is one of the most popular car brands in our country and winner of Car

Insider information, profit warning: Wetteri Plc lowers its financial guidance for the current year

Wetteri Plc Insider Information 11 December 2024 at 20.30Wetteri Plc is lowering its financial guidance for 2024 as the company's October results fell short of expectations. Additionally, the company anticipates that the November and December results will be lower than expected. Old financial guidance for 2024 • Turnover EUR 520-640 million • Adjusted operating profit EUR 12.8 - 15.6 million The company's medium-term (3 years) objective is to achieve a turnover of EUR 1,000 million and an operating profit of EUR 30 million. New financial guidance for 2024 • Turnover EUR

Wetteri Plc: Notification of major holdings in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act

Wetteri Plc Stock Exchange Release 3 December 2024 at 16.00Wetteri Plc has on November 18, 2024, received a notification from Oy Haapalandia Invest Ltd (controlling entity, Martti Haapala) under Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which Oy Haapalandia Invest Ltd’s direct holding in Innofactor's shares decreased below the 5 percent threshold. Total positions of Oy Haapalandia Invest Ab according to the notification: % of  % of shares Total Total number of shares shares and voting of and

Wetteri Plc’s interim report for 1 January to 30 September 2024: 30% growth in net sales, historically poor market conditions weakened operational performance

Wetteri Plc Interim report 22 November 2024 at 9.30Summary of the review period 1 July to 30 September 2024  · The Group’s revenue was EUR 119.6 million (EUR 110.3 million), with an increase of 8% · Adjusted EBITDA was EUR 6.2 million (EUR 6.9 million) · The adjusted operating profit was EUR 2.1 million (EUR 3.3 million) · The operating profit was EUR 1.2 million (EUR 2.1 million) · The revenue of the Passenger Cars segment decreased by EUR 1.1 million (-2%) year-on-year · The revenue of the Heavy Equipment segment increased by EUR 7.5 million (50%) year-on-year · The

Inside information: Wetteri Plc sells Wetteri Power Oy to Swedish Persson Invest AB, purchase price approx. EUR 32.5 million

The transaction strengthens the Group's financial position significantly Wetteri Plc Insider information 21 November 2024 at 14.00Automotive growth company Wetteri Plc sells its subsidiary Wetteri Power Oy to Swedish Persson Invest Ab. Closing is expected to occur approx. on 31 December 2024. Transaction price is app. EUR 32,5 million, depending on e.g. Wetteri Power Oy's result in 2025. Following the transaction, Wetteri will continue its used truck sales, bodywork business, and existing maintenance and repair operations for brands other than Volvo and Renault.  Wetteri Group’s

Wetteri postpones the publication of the January-September interim report

Wetteri Plc  Stock exchange release 19.11.2024 at 15.00Wetteri postpones the publication of the January-September interim report. The original release date was November 21, 2024. The reason for the postponement of the publication of the interim report is the events after the end of the reporting period, due to which the reporting has to be postponed. More information Aarne Simula, CEO and President, Wetteri Plc: Tel. +358 400 689 613, aarne.simula@wetteri.fi Wetteri Plc – an entrepreneur-driven growth company in the automotive sector Wetteri Plc is an entrepreneur-driven

Wetteri Oyj's new shares have been entered in the Trade Register

Wetteri Plc Stock Exchange Release 19 November 2024 at 9.00 amOn 28 June 2024, Wetteri announced it will execute a directed share issue as part of the purchase price of Lahden Rekkapaja Oy and Kiinteistö Oy Lahden Konekatu 3.  After the share issue, the number of Wetteri's shares has increased to a total of 159,972,562 shares from the previous 157,149,545 shares. The company's share capital has not changed due to the share issue. The registered capital is EUR 96,000. The new shares have been entered into the Trade Register on 30 October 2024. More information Aarne Simula, CEO and

The liquidity providing service for Wetteri Plc's share ends

Wetteri Plc Stock Exchange Release 8 November 2024 at 13.00Wetteri Plc has terminated the liquidity providing service with Lago Kapital Oy to end on 8 January 2025. The Company estimates that the liquidity of the share is sufficient without market making. More information Aarne Simula, CEO and President, Wetteri Plc: Tel. +358 400 689 613, aarne.simula@wetteri.fi Wetteri Plc – an entrepreneur-driven growth company in the automotive sector Wetteri Plc is an entrepreneur-driven growth company in the automotive sector. The company engages in the retail sales of passenger cars,

Change in Wetteri Plc's Management Team – Pietu Parikka appointed CFO And COO

Wetteri Plc Stock exchange release 5 November 2024 at 12.00Pietu Parikka (M.Sc. (Econ.)) has been appointed to the role of CFO and COO and a member of the management team of the automotive growth company Wetteri Plc. Parikka will start in his position no later than 5 May 2025. Parikka will transfer to Wetteri from the position of CFO of Hedin Automotive Oy. Parikka has also worked as Interim CEO at Hedin Automotive Oy and as CFO and  CEO of Laakkonen Automotive Group Aarne Simula, CEO and President, Wetteri Plc: "Pietu brings us strong expertise in automotive business development and

Change in Wetteri Plc's Management Team

Wetteri Plc  Stock Exchange Release 31 October 2024 at 16.30Sanna Räsänen, member of the management team of Wetteri Plc, HR and Communications Director, has resigned from her position. Räsänen will continue to work for Wetteri until 30[th] November 2024, after which she will transfer to positions outside the company. Additional information: Aarne Simula, CEO and President, Wetteri PlcTel. +358 400 689 613, aarne.simula@wetteri.fi Wetteri Plc – an entrepreneur-driven growth company in the automotive sector Wetteri Plc is an entrepreneur-driven growth company in the automotive

Insider information: Financiers granted waiver to Themis Holding Oy subgroup of Wetteri Plc

Wetteri Plc Insider information 29 October 2024 at 17.30In a financing agreement between Wetteri Group’s Themis Holding Oy subgroup and the financiers, there are covenants that measure the amount of interest-bearing net liabilities divided by 12-month EBITDA and the equity ratio. On 13[th] August 2024, Wetteri announced that the covenant conditions under the financing agreement were not fully met on 30[th] June 2024. Wetteri has today received a notification from the financiers that they will not exercise their right to demand immediate repayment of their receivables, even though the

Wetteri completes its fifth acquisition and acquires Rinta-Jouppi's Kia and Mitsubishi businesses in Oulu, Pori and Rovaniemi

Wetteri Plc Press Release 1 October 2024 at 9.00Wetteri Auto Oy, a subsidiary of the automotive growth company Wetteri Plc, acquires Rinta-Jouppi's Car Dealership's Kia and Mitsubishi businesses in Oulu, Pori and Rovaniemi. In the business transaction, Kia and Mitsubishi sales and maintenance services are transferred to Wetteri. The business will be transferred to Wetteri as of 1[st] October 2024, the maintenance staff will be transferred to Wetteri as existing employees. Wetteri has recently deepened its cooperation with Astara Finland Oy and expanded its Kia and Mitsubishi businesses

Cooperation between Wetteri and Astara Finland Oy deepens, Kia and Mitsubishi representation expands to five new locations

Wetteri Plc Press release 28 August 2024 at  11.00Automotive growth company Wetteri's cooperation with Astara Finland, the importer of Kia and Mitsubishi brands, is expanding. With the cooperation, Wetteri’s Kia and Mitsubishi representation will reach five new locations: Rovaniemi, Kemi, Oulu, Ylivieska, and Pori. Aarne Simula, CEO And President, Wetteri Plc: “We are very pleased with deepening the cooperation. We believe that this is an important driver of organic growth, as Kia is one of the most popular car brands in our country. Wetteri operates nationwide, which makes the

Wetteri Plc’s half-year report 1 January to 30 June 2024: Revenue grew by 42%, measures to improve profitability in progress

Wetteri Plc  Half-year Report 28 August 2024 at 9.30Summary of the review period 1 April to 30 June 2024 · The Group’s revenue was EUR 131,1 million ((comparison period: EUR 106,8 million in April-June 2023) with an increase of 23% · Adjusted EBITDA vas EUR 4,6 million (EUR 5,2 million) · The adjusted operating profit was EUR 0,7 million (EUR 2,2 million) · The operating profit was EUR -0,7 million (EUR 1,3 million) · The revenue of the Passenger Cars segment increased by EUR 17,4 million (25 %) year-on-year · The revenue of the Heavy Equipment segment increased by EUR 2,

Insider information, profit warning: Wetteri Plc lowers its financial guidance for the current year

Wetteri Plc Insider Information 23 August 2024 at 16.05Wetteri Plc lowers its financial guidance for 2024. Wetteri's previous guidance included mergers and acquisitions with profit and revenue effects. Realization of profit and turnover effects from M&A transactions is postponed in time. The performance of Wetteri's operations has been affected by the historically weak and more difficult than expected market situation for new cars: the first registrations of new cars in 2024 will be around 75,000 cars, while in the spring the forecast was about 80,000 new passenger cars. Previous

Insider Information: Adjusting Wetteri Plc's financing agreement

Wetteri Plc Insider Information 13 August 2024 at 18.30In a financing agreement between Wetteri Plc group’s Themis Holding Oy subgroup and the financing bank, there are covenants that measure the amount of interest-bearing net debt divided by 12-month EBITDA and the equity ratio. Based on unaudited figures, the covenants are not met in all respects on 30[th] June 2024. Wetteri has started negotiations with the financing bank on updating the conditions regarding the covenant clause of the financing agreement. The long-term portion of the financing under the financing agreement (EUR 11.7

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Subscribe