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Last €0.29 EUR
Change Today 0.00 / 0.00%
Volume 0.0
WAT1V On Other Exchanges
As of 11:30 AM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

vaahto group oyj (WAT1V) Snapshot

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02/9/15 - €0.76
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vaahto group oyj (WAT1V) Details

Vaahto Group Plc Oyj supplies implementations of technology and consulting services to the process industry worldwide. It designs and manufactures tanks, such as pressure vessels, columns, reactors, autoclaves, heat exchangers, and large tanks assembled on-site for demanding process-industry applications, as well as agitator systems. The company also provides analysis and testing, assembly and commissioning, and maintenance and spare part services. It serves customers in the food processing, medical, environmental, biotech, chemical, sewage treatment, paper and pulp, mining and hydrometallurgy, and pharmaceutical industries. Vaahto Group Plc Oyj was founded in 1874 and is based in Lahti, Finland.

177 Employees
Last Reported Date: 03/20/15
Founded in 1874

vaahto group oyj (WAT1V) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: €28.5K
Compensation as of Fiscal Year 2014.

vaahto group oyj (WAT1V) Key Developments

Vaahto Group plc Oyj Reports Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Vaahto Group Plc Oyj reported audited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net turnover of EUR 5,352,000 against 4,407,000 a year ago. Operating loss was EUR 683,000 against EUR 326,000 a year ago. Profit before tax was EUR 834,000 against EUR 545,000 a year ago. Loss for the fiscal year from the continuing operations was EUR 831,000 or EUR 0.08 per undiluted and diluted share against EUR 567,000 or EUR 0.11 per undiluted and diluted share a year ago. For the six months, the company reported net turnover of EUR 9,974,000 against 8,783,000 a year ago. Operating loss was EUR 1,603,000 against EUR 242,000 a year ago. Profit before tax was EUR 1,845,000 against EUR 1,969,000 a year ago. Profit for the fiscal year from the continuing operations was EUR 1,893,000 or EUR 0.17 per undiluted and diluted share against EUR 1,902,000 or EUR 0.38 per undiluted and diluted share a year ago. Flow of funds from operations was negative EUR 2,238,000 against flow of funds from operations of EUR 840,000 a year ago.

Vaahto Group Reports Interim Management Statement for the Period from January 1, 2015 to May 13, 2015

Vaahto Group reported interim management statement for the period from January 1, 2015 to May 13, 2015. Turnover from continuing operations during the period January 1 to March 31, 2015 was €4.6 million (reference period: €4.4 million), and the operating loss was €0.9 million (comparative: a profit of €0.1 million). The financial result before taxes for the first quarter came to €2.7 million against €2.6 million a year ago. While the turnover of continuing operations increased slightly from the reference period’s level, the operating result fell and turned negative. The negative result was due to the weaker-than-anticipated performance of delivery projects. The operating result was further undermined by the fact that all overheads of discontinued operations are allocated to the continuing operations.

Vaahto Group plc Oyj Announces Change of CEO

Topi Karppanen, an acting CEO of Vaahto Group Plc Oyj, has finished his assignment on March 31, 2015, as agreed in the beginning of his appointment. M.Sc. (Tech.) Kalle Rasinmäki has been appointed as a new CEO of Vaahto Group Plc, starting on April 1, 2015. His previous position was Executive Vice President of Business Area Japrotek Vessels and the Managing Director of Japrotek Oy Ab. Mr. Rasinmäki will continue as Managing Director of Japrotek and he has also been appointed to act as Managing Director of AP-Tela Oy. Topi Karppanen continues as a member of the Board of Directors of Vaahto Group.


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