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    ORTHEX   FI4000480504

ORTHEX OYJ

(ORTHEX)
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Delayed Nasdaq Helsinki  -  05/16 07:18:24 am EDT
6.400 EUR   +1.27%
05/11TRANSCRIPT : Orthex Oyj, Q1 2022 Earnings Call, May 11, 2022
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05/11Orthex Oyj Reports Earnings Results for the First Quarter Ended March 31, 2022
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Orthex Corporation - Notification under Chapter 9, Section 10 of the Finnish Securities Markets Act: Shareholdings of Ilmarinen exceeded the threshold of 5%

11/17/2021 | 09:01am EDT

Orthex Corporation, Stock exchange release, 17 November 2021 at 4.00 p.m. EET

Orthex Corporation has today, on 17 November 2021, received a notification in accordance with Chapter 9, Section 9 of the Finnish Securities Market Act from Keskinäinen Eläkevakuutusyhtiö Ilmarinen ("Ilmarinen"), according to which Ilmarinen's total holding of the shares and votes in Orthex has exceeded the threshold of 5%.

Total positions of Ilmarinen in the company according to the notification:

% of shares and voting rights % of shares and voting rights through financial instruments Total of both in % Total number of shares and voting rights in issuer
Resulting situation on the date which threshold was crossed or reached 5.97 0 5.97 17,758,854
Position of previous notification (if applicable) 0 0 0

Notified details of the resulting situation on the date on which the threshold was crossed:

A: Shares and voting rights

Number of shares and voting rights % of shares and voting rights
Class/type of shares Direct(SMA 9:5) Indirect(SMA 9:6 and 9:7) Direct(SMA 9:5) Indirect(SMA 9:6 and 9:7)
FI4000480504 1,061,000 0 5.97 0
SUBTOTAL A 1,061,000 5.97


Further enquiries

Alexander Rosenlew, CEO, Orthex Corporation                
Tel. +358 (0)40 500 3826
alexander.rosenlew@orthexgroup.com

Saara Mäkelä, CFO, Orthex Corporation     
Tel. +358 (0)40 083 8782
saara.makela@orthexgroup.com


Orthex in brief

Orthex is a leading Nordic houseware producer that strives to make consumers' everyday life easier with its products that are presented under the consumer brands SmartStore(TM) in storage products, GastroMax(TM) in kitchenware and Orthex(TM) in home and plant care categories. Orthex aims to be the industry forerunner in sustainability.

Orthex's net sales in 2020 was 75.9 million euros and operating profit 12.3 million euros. The company has customers in more than 40 countries and local sales offices in Finland, Sweden, Norway, Denmark, Germany, France, and the United Kingdom. Orthex is listed on the Nasdaq Helsinki stock exchange.

https://news.cision.com/orthex-oyj/r/orthex-corporation---notification-under-chapter-9--section-10-of-the-finnish-securities-markets-act-,c3455631

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 90,1 M 93,8 M 93,8 M
Net income 2022 5,65 M 5,88 M 5,88 M
Net Debt 2022 23,5 M 24,5 M 24,5 M
P/E ratio 2022 19,7x
Yield 2022 3,09%
Capitalization 112 M 117 M 117 M
EV / Sales 2022 1,51x
EV / Sales 2023 1,35x
Nbr of Employees 320
Free-Float 77,1%
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Mean consensus HOLD
Number of Analysts 3
Last Close Price 6,32 €
Average target price 7,50 €
Spread / Average Target 18,7%
EPS Revisions
Managers and Directors
Alexander Wilhelm Rosenlew Chief Executive Officer
Saara Mńkelń Chief Financial Officer
Sanna Mari Suvanto-Harsaae Chairman
Juuso Ilari Kivinen Independent Director
Satu M.A Huber Independent Director
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