Partner’s turnover and profit in decline

Investing in other companies Partner On Thursday, announced its second half of 2024. At the heart of the company’s business is a foam glass manufacturer Foamit Groupof which Partnera owns the majority.

Partnera’s EBITDA was EUR 2.1 million per year, compared with EUR 2.3 million during the year -long comparison period.

Net sales in the annual half were EUR 21.8 million, compared to EUR 22.4 million during the comparison period.

The company’s operating profit was EUR -0.3 million at the comparison period. The earnings per share settled in -0.02 euros per share when it was EUR -0.01 during the comparison period.

The Board of Directors of the Company proposes to the Annual General Meeting that a dividend of EUR 0.11 per share be distributed on the basis of the balance sheet to be approved for the financial year 2024.

Throughout the year 2024, the company’s net sales dropped to EUR 41.4 million from the previous year from EUR 50.4 million and EBITDA to EUR 5.8 million from EUR 8.2 million.

Partnera does not give short -term views due to the implementation of the strategy and the nature of the business.

The construction business company is still expecting to continue as a challenging year 2025. However, the Foamit Group station market is estimated to remain good, as the company is expected to have a more significant market for infrastructure construction to be better than the residential construction market.

The company is investing heavily in increasing Norway and Finland’s production capacity.

The company will continue to investigate the abandonment of Nordic Option’s remaining non-strategic ownership.

“In the light of financial figures, 2024 was an excellent year for Partnera and our strategy was strongly implemented during the year. Sales of our Finda ownership had a positive impact on both the result and the balance sheet, and contributes to the strategy to be sharpened to a stable dividend payer. Foamit Group did well despite the weak general market situation and investments in Norway and Finnish factories progressed as planned, ”comments the company’s temporary CEO Jussi Lappalainen in the profit file.