Loihde
Overview
Financial overview
Equity research
Loihde’s Q2 was better than estimated, profitability in particular, with adj. EBITDA up EUR 1.6m y/y to EUR 2.6m (Evli EUR 1.9m). We continue to expect favourable growth and profitability development going forward.
Loihde’s Q2 was better than anticipated. Net sales grew a modest 3% to EUR 35.4m (Evli EUR 34.9m), and with operative costs slightly down from previous year levels the adj. EBITDA as a result improved to EUR 2.6m (Evli EUR 1.9m, Q2/23: EUR 1.0m).
Loihde reports its H1 results on August 27th. We expect slight net sales growth and a clear y/y profitability improvement. Of key interest in our view is the growth pace and potential remarks on recent or anticipated changes in the demand situation.
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Loihde Plc: SHARE REPURCHASE 13.9.2024
Helsinki Stock Exchange
Trade date: 13.9.2024
Bourse trade: BUY
Share: LOIHDE
Amount: 301 shares
Average price / share: 11,6434 EUR
Total cost: 3 504,65 EUR
Following shares repurchased on 13.9.2024
the Group now holds 15 858 shares.
On behalf of Loihde Plc
Lago Kapital Ltd
Maj van Dijk Jani Koskell
Further information:
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen
tel. +358 44 411 3480
email: tiina.nieminen@loihde.com
Attachments
Loihde Plc: SHARE REPURCHASE 12.9.2024
Helsinki Stock Exchange
Trade date: 12.9.2024
Bourse trade: BUY
Share: LOIHDE
Amount: 318 shares
Average price / share: 11,4810 EUR
Total cost: 3 650,95 EUR
Following shares repurchased on 12.9.2024
the Group now holds 15 557 shares.
On behalf of Loihde Plc
Lago Kapital Ltd
Maj van Dijk Jani Koskell
Further information:
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen
tel. +358 44 411 3480
email: tiina.nieminen@loihde.com
Attachments
Loihde Plc Managers’ Transactions 12 September 2024 at 4:00 p.m. EEST
Loihde Plc: Managers’ Transactions – Bergman
Loihde Plc has received the following notification:
Loihde - Managers' Transactions
____________________________________________
Person subject to the notification requirement
Name: Tomi Bergman
Position: Other senior manager
Issuer: Loihde
LEI: 7437009IZO2SU9TPO664
Notification type: INITIAL NOTIFICATION
Reference number: 77292/4/4
____________________________________________
Transaction date: 2024-09-12
Outside a trading venue
Instrument type: SHARE
ISIN: FI4000014238
Nature of transaction: SUBSCRIPTION
Transaction details
(1): Volume: 131 Unit price: 11.4792 EUR
Aggregated transactions (1):
Volume: 131 Volume weighted average price: 11.4792 EUR
Further information
Director of Communications Tiina Nieminen, tel. +358 44 411 3480 or tiina.nieminen@loihde.com
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde enables business continuity. We help our customers to create growth and competitiveness through digitalisation and to protect themselves from physical and cyber threats. Loihde consists of two business areas: security solutions with the brand Loihde Trust, and digital development with the brands Loihde Advance, Loihde Factor and Loihde Cloudon. The Group has approximately 850 employees and its revenue in 2023 amounted to EUR 133 million.
Attachments
Loihde Plc Managers’ Transactions 12 September 2024 at 4:00 p.m. EEST
Loihde Plc: Managers’ Transactions – Teutari
Loihde Plc has received the following notification:
Loihde - Managers' Transactions
____________________________________________
Person subject to the notification requirement
Name: Jere Teutari
Position: Other senior manager
Issuer: Loihde
LEI: 7437009IZO2SU9TPO664
Notification type: INITIAL NOTIFICATION
Reference number: 77286/4/4
____________________________________________
Transaction date: 2024-09-12
Outside a trading venue
Instrument type: SHARE
ISIN: FI4000014238
Nature of transaction: SUBSCRIPTION
Transaction details
(1): Volume: 78 Unit price: 11.4792 EUR
Further information
Director of Communications Tiina Nieminen, tel. +358 44 411 3480 or tiina.nieminen@loihde.com
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde enables business continuity. We help our customers to create growth and competitiveness through digitalisation and to protect themselves from physical and cyber threats. Loihde consists of two business areas: security solutions with the brand Loihde Trust, and digital development with the brands Loihde Advance, Loihde Factor and Loihde Cloudon. The Group has approximately 850 employees and its revenue in 2023 amounted to EUR 133 million.
Attachments
Loihde Plc Managers’ Transactions 12 September 2024 at 4:00 p.m. EEST
Loihde Plc: Managers’ Transactions – Järvinen
Loihde Plc has received the following notification:
Loihde - Managers' Transactions
____________________________________________
Person subject to the notification requirement
Name: Marko Järvinen
Position: Other senior manager
Issuer: Loihde
LEI: 7437009IZO2SU9TPO664
Notification type: INITIAL NOTIFICATION
Reference number: 77293/4/4
____________________________________________
Transaction date: 2024-09-12
Outside a trading venue
Instrument type: SHARE
ISIN: FI4000014238
Nature of transaction: SUBSCRIPTION
Transaction details
(1): Volume: 261 Unit price: 11.4792 EUR
Aggregated transactions (1):
Volume: 261 Volume weighted average price: 11.4792 EUR
Further information
Director of Communications Tiina Nieminen, tel. +358 44 411 3480 or tiina.nieminen@loihde.com
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde enables business continuity. We help our customers to create growth and competitiveness through digitalisation and to protect themselves from physical and cyber threats. Loihde consists of two business areas: security solutions with the brand Loihde Trust, and digital development with the brands Loihde Advance, Loihde Factor and Loihde Cloudon. The Group has approximately 850 employees and its revenue in 2023 amounted to EUR 133 million.
Attachments
Loihde Plc Managers’ Transactions 12.9.2024 at 4:00 p.m. EEST
Loihde Plc: Managers’ Transactions – Meronen
Loihde Plc has received the following notification:
Loihde - Managers' Transactions
____________________________________________
Person subject to the notification requirement
Name: Juha Meronen
Position: Other senior manager
Issuer: Loihde
LEI: 7437009IZO2SU9TPO664
Notification type: INITIAL NOTIFICATION
Reference number: 77299/4/4
____________________________________________
Transaction date: 2024-09-12
Outside a trading venue
Instrument type: SHARE
ISIN: FI4000014238
Nature of transaction: SUBSCRIPTION
Transaction details
(1): Volume: 104 Unit price: 11.4792 EUR
Aggregated transactions (1):
Volume: 104 Volume weighted average price: 11.4792 EUR
Further information
Director of Communications Tiina Nieminen, tel. +358 44 411 3480 or tiina.nieminen@loihde.com
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde enables business continuity. We help our customers to create growth and competitiveness through digitalisation and to protect themselves from physical and cyber threats. Loihde consists of two business areas: security solutions with the brand Loihde Trust, and digital development with the brands Loihde Advance, Loihde Factor and Loihde Cloudon. The Group has approximately 850 employees and its revenue in 2023 amounted to EUR 133 million.
Attachments
Loihde Plc Managers’ Transactions 12 September 2024 at 4:00 p.m. EEST
Loihde Plc: Managers’ Transactions – Suhonen
Loihde Plc has received the following notification:
Loihde - Managers' Transactions
____________________________________________
Person subject to the notification requirement
Name: Pirjo Suhonen
Position: Chief Financial Officer
Issuer: Loihde
LEI: 7437009IZO2SU9TPO664
Notification type: INITIAL NOTIFICATION
Reference number: 77289/4/4
____________________________________________
Transaction date: 2024-09-12
Outside a trading venue
Instrument type: SHARE
ISIN: FI4000014238
Nature of transaction: SUBSCRIPTION
Transaction details
(1): Volume: 53 Unit price: 11.4792 EUR
Aggregated transactions (1):
Volume: 53 Volume weighted average price: 11.4792 EUR
Further information
Director of Communications Tiina Nieminen, tel. +358 44 411 3480 or tiina.nieminen@loihde.com
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde enables business continuity. We help our customers to create growth and competitiveness through digitalisation and to protect themselves from physical and cyber threats. Loihde consists of two business areas: security solutions with the brand Loihde Trust, and digital development with the brands Loihde Advance, Loihde Factor and Loihde Cloudon. The Group has approximately 850 employees and its revenue in 2023 amounted to EUR 133 million.
Attachments
Loihde Plc Company announcement 12 September June 2024 at 12:00 p.m. EEST
Loihde Plc conducts a directed share issue to deliver the savings shares that are part of its Employee Share Savings Plan (ESSP)
Today, on 12 September 2024, Loihde Plc's Board of Directors has decided to issue a total of 9,670 new shares as part of the Group's Employee Share Savings Plan (ESSP).
On 29 April 2024, Loihde's Board of Directors decided to continue the ESSP with a new savings plan. The ESSP gives employees the opportunity to save a portion of their salaries and invest those savings in Loihde’s shares. The savings will be used to buy shares in Loihde four times a year. The main terms and conditions of the ESSP are described on Loihde’s website at www.loihde.com/en/investors/governance/remuneration.
The new shares are savings shares subscribed for with the savings accumulated by ESSP participants between 1 June and 31 August 2024. The share subscription price is EUR 11,4792 per share, which corresponds to the volume-weighted average share price on Nasdaq First North Growth Market Finland during the time period from 1 to 31 August 2024.
The share issue is based on the authorisation granted by the Annual General Meeting held on 6 May 2021. The new shares are estimated to be registered in the Trade Register on 24 September 2024, and trading in the new shares on Nasdaq First North Growth Market Finland, maintained by Nasdaq Helsinki Ltd, together with the old shares, is estimated to commence on 25 September 2024. As a result of the share issue, the total number of shares in Loihde Plc will increase to 5,750,094. The subscription price will be entered in full in the company’s reserve for invested unrestricted equity.
Further information
CEO Samu Konttinen:
Media contact: Director of Communications Tiina Nieminen, tel. +358 44 411 3480, tiina.nieminen@loihde.com
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde enables business continuity. We help our customers to gain a sustainable competitive edge through data, AI and digitalisation, to harness the potential of the cloud and to protect themselves against both physical and cyber threats. The combining of these skills is what makes Loihde a unique and comprehensive partner. We are approximately 850 skilled professionals, and our revenue in 2023 amounted to EUR 133 million.
Attachments
Loihde Plc: SHARE REPURCHASE 11.9.2024
Helsinki Stock Exchange
Trade date: 11.9.2024
Bourse trade: BUY
Share: LOIHDE
Amount: 304 shares
Average price / share: 11,575 EUR
Total cost: 3 518,80 EUR
Following shares repurchased on 11.9.2024
the Group now holds 15 239 shares.
On behalf of Loihde Plc
Lago Kapital Ltd
Maj van Dijk Jani Koskell
Further information:
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen
tel. +358 44 411 3480
email: tiina.nieminen@loihde.com
Attachments
Loihde Plc: SHARE REPURCHASE 10.9.2024
Helsinki Stock Exchange
Trade date: 10.9.2024
Bourse trade: BUY
Share: LOIHDE
Amount: 152 shares
Average price / share: 11,8875 EUR
Total cost: 1 806,90 EUR
Following shares repurchased on 10.9.2024
the Group now holds 14 935 shares.
On behalf of Loihde Plc
Lago Kapital Ltd
Maj van Dijk Jani Koskell
Further information:
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen
tel. +358 44 411 3480
email: tiina.nieminen@loihde.com
Attachments
Loihde Plc: SHARE REPURCHASE 9.9.2024
Helsinki Stock Exchange
Trade date: 9.9.2024
Bourse trade: BUY
Share: LOIHDE
Amount: 332 shares
Average price / share: 11,6545 EUR
Total cost: 3 869,30 EUR
Following shares repurchased on 9.9.2024
the Group now holds 14 783 shares.
On behalf of Loihde Plc
Lago Kapital Ltd
Maj van Dijk Jani Koskell
Further information:
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen
tel. +358 44 411 3480
email: tiina.nieminen@loihde.com
Attachments
Loihde Plc: SHARE REPURCHASE 6.9.2024
Helsinki Stock Exchange
Trade date: 6.9.2024
Bourse trade: BUY
Share: LOIHDE
Amount: 229 shares
Average price / share: 11,8476 EUR
Total cost: 2 713,10 EUR
Following shares repurchased on 6.9.2024
the Group now holds 14 451 shares.
On behalf of Loihde Plc
Lago Kapital Ltd
Maj van Dijk Jani Koskell
Further information:
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen
tel. +358 44 411 3480
email: tiina.nieminen@loihde.com
Attachments
Loihde Plc: SHARE REPURCHASE 5.9.2024
Helsinki Stock Exchange
Trade date: 5.9.2024
Bourse trade: BUY
Share: LOIHDE
Amount: 341 shares
Average price / share: 11,5828 EUR
Total cost: 3 949,75 EUR
Following shares repurchased on 5.9.2024
the Group now holds 14 222 shares.
On behalf of Loihde Plc
Lago Kapital Ltd
Maj van Dijk Jani Koskell
Further information:
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen
tel. +358 44 411 3480
email: tiina.nieminen@loihde.com
Attachments
Loihde Plc: SHARE REPURCHASE 4.9.2024
Helsinki Stock Exchange
Trade date: 4.9.2024
Bourse trade: BUY
Share: LOIHDE
Amount: 247 shares
Average price / share: 11,6968 EUR
Total cost: 2 889,10 EUR
Following shares repurchased on 4.9.2024
the Group now holds 13 881 shares.
On behalf of Loihde Plc
Lago Kapital Ltd
Maj van Dijk Jani Koskell
Further information:
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen
tel. +358 44 411 3480
email: tiina.nieminen@loihde.com
Attachments
Loihde Plc: SHARE REPURCHASE 3.9.2024
Helsinki Stock Exchange
Trade date: 3.9.2024
Bourse trade: BUY
Share: LOIHDE
Amount: 328 shares
Average price / share: 11,7966 EUR
Total cost: 3 869,30 EUR
Following shares repurchased on 3.9.2024
the Group now holds 13 634 shares.
On behalf of Loihde Plc
Lago Kapital Ltd
Maj van Dijk Jani Koskell
Further information:
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen
tel. +358 44 411 3480
email: tiina.nieminen@loihde.com
Attachments
| Shareholders | Date | % of Shares | % of Votes |
|---|---|---|---|
| Suomen Teollisuussijoitus Oy | 31.03.2024 | 4.8% | 4.8% |
| Bellurum Oy | 31.03.2024 | 3.7% | 3.7% |
| Lakiasiaintoimisto Asiakasturva Oy | 31.03.2024 | 2.2% | 2.2% |
| VISIO Allocator Fund | 31.03.2024 | 1.7% | 1.7% |
| LähiTapiola Keskinäinen Henkivakuutusyhtiö | 31.03.2024 | 1.3% | 1.3% |
| LähiTapiola Keskinäinen Vakuutusyhtiö | 31.03.2024 | 1.3% | 1.3% |
| Tenendum Oy | 31.03.2024 | 1.3% | 1.3% |
| Hotcom Oy | 31.03.2024 | 1.2% | 1.2% |
| Pelkonen Antti Olavi | 31.03.2024 | 1.2% | 1.2% |
| Vaasan kaupunki | 31.03.2024 | 1.2% | 1.2% |
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Company Facts
Guidance
In 2024, Loihde expects the Group's revenue to be on par with the previous year or grow and adjusted EBITDA to improve compared to 2023, when it was EUR 7.6m.
Financial targets
2024-2027: Annual revenue growth of approximately 10% (2027 target over EUR 200m), adj. EBITDA-margin 15% by 2027. ROI above 10% and net debt/EBITDA 0-2x.
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