Price Target Changed • Jun 26
Price target decreased by 8.3% to €1.10 Down from €1.20, the current price target is provided by 1 analyst. New target price is 18% above last closing price of €0.93. Stock is down 29% over the past year. The company is forecast to post a net loss per share of €0.02 next year compared to a net loss per share of €0.13 last year. Reported Earnings • Feb 28
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: €0.13 loss per share (further deteriorated from €0.058 loss in FY 2024). Revenue: €90.2m (down 21% from FY 2024). Net loss: €3.62m (loss widened 130% from FY 2024). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Commercial Services industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Feb 14
Lamor Corporation Oyj Announces Executive Changes Lamor Corporation Oyj announced that as of February 13, 2026, the composition of Lamor’s Group Management Team (GLT) will be as follows: Richard Hill, Chief Sales Officer (CSO), Chief Operating Officer (COO); Mervi Oikkonen, Chief People Officer (CPO); Johan Grön, CEO, Lamor Recycling Oy. To further align sales and operations at a strategic level, Richard Hill will assume the role of Chief Sales Officer in addition to his current role. Richard has extensive experience from customer engagement, business operations, and product development. As part of the changes resulting in the discontinuation of the existing market area-based organizational structure, the current market area SVPs Rob James, Jesus Pelayo and Aziz Al-Othman will leave the company. New Risk • Jan 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk Market cap is less than US$100m (€34.6m market cap, or US$40.3m). Price Target Changed • Nov 04
Price target decreased by 12% to €1.10 Down from €1.25, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €1.08. Stock is down 36% over the past year. The company is forecast to post earnings per share of €0.03 next year compared to a net loss per share of €0.058 last year. Announcement • Oct 31
Lamor Corporation Oyj, Annual General Meeting, Jun 20, 2026 Lamor Corporation Oyj, Annual General Meeting, Jun 20, 2026. Reported Earnings • Aug 01
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: €0.01 loss per share (improved from €0.02 loss in 2Q 2024). Revenue: €21.1m (down 22% from 2Q 2024). Net loss: €310.0k (loss narrowed 38% from 2Q 2024). Revenue missed analyst estimates by 17%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Chairman Mika Stahlberg was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 11
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: €0.06 loss per share (down from €0.094 profit in FY 2023). Revenue: €114.4m (down 6.6% from FY 2023). Net loss: €1.57m (down 162% from profit in FY 2023). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Commercial Services industry in Finland. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Announcement • Mar 08
Lamor Corporation Oyj (HLSE:LAMOR) acquired remaining 30% stake in Lamor Recycling Oy from Resiclo Oy. Lamor Corporation Oyj (HLSE:LAMOR) acquired remaining 30% stake in Lamor Recycling Oy from Resiclo Oy on March 6, 2025. As a result of the transaction, Lamor owns 100% of the chemical recycling of plastic business.
Lamor Corporation Oyj (HLSE:LAMOR) completed the acquisition of the remaining 30% stake in Lamor Recycling Oy from Resiclo Oy on March 6, 2025. Reported Earnings • Mar 06
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: €0.06 loss per share (down from €0.094 profit in FY 2023). Revenue: €114.4m (down 6.6% from FY 2023). Net loss: €1.57m (down 162% from profit in FY 2023). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Commercial Services industry in Finland. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • Feb 12
Lamor Innovates with New Technology for Low-Sulphur Fuel Oil Recovery in EU's IMAROS2 Project - Trials This Week in Finland Lamor Corporation Oyj is developing solutions for the recovery of these oils. As part of EU's IMAROS2 project, Lamor is searching for answers to the identified gaps in response technology and methods. Ship accidents can result in oil spills. While EU's so-called sulphur directive demands the use of the low-sulphur fuel oils in every sea area in Europe, the established oil spill response equipment base is not fully suited for its recovery. In this situation, new innovations are needed. Three trial periods are arranged under controlled conditions in test facilities in Norway and Finland. First one took place last autumn in Norway. This week response in icy winter conditions is tested in Finland, at South-Eastern Finland University of Applied Sciences (XAMK) in Kotka. The final trials will take place in Norway in the spring. New Risk • Jan 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (€37.2m market cap, or US$38.4m). Price Target Changed • Oct 28
Price target decreased by 12% to €2.45 Down from €2.80, the current price target is an average from 2 analysts. New target price is 37% above last closing price of €1.79. Stock is down 34% over the past year. The company posted earnings per share of €0.094 last year. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: €0.01 loss per share (down from €0.012 profit in 3Q 2023). Revenue: €30.8m (flat on 3Q 2023). Net loss: €278.0k (down 179% from profit in 3Q 2023). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Commercial Services industry in Finland. Announcement • Oct 23
Lamor Corporation Oyj Announces Executive Changes Lamor is renewing its Group Leadership Team and has appointed two new market area SVPs as the company aims to strengthen customer relationships and focus sales in all its markets. Rob James (MSc, Process Safety & Loss Prevention) has been appointed SVP, Europe and Asia as of 11 November 2024. Aziz Al-Othman (MSc, Computer-Based Information Systems; Mechanical & Marine Engineer) has been appointed SVP, Middle East and Africa as of 1 November 2024. Both new SPVs also have extensive experience in Lamor's industry: James joins Lamor from his own oil spill response and incident management consulting firm. He has previously held director positions at Oil Spill Response Ltd, Cleanaway (now part of Veolia) and British Nuclear Fuels. James has also served as chairman of the British Oil Spill Response Association and as the long-time chairman of the international Interspill event. Al-Othman joins Lamor from his own startup focused on the commercialization of innovations. He has previously held executive director positions at NEOM Company and the Saudi Environmental Authority NCEC, and leadership positions at Gulf Industrial Technology and Saudi Aramco. Following the changes, Lamor's Group Leadership Team consists of: Johan Grön, CEO, Vesa Leino, interim CFO (until 31 October 2024) – Mikko Forsell, CFO (as of 1 November 2024), Johanna Grönroos, Chief Strategy Officer, Santiago Gonzalez, SVP, North and South America, Rob James, SVP, Europe and Asia, Aziz Al-Othman, SVP, Middle East and Africa, Juha Korhonen, VP, Supply Chain and Project Management, and Mervi Oikkonen, VP, People and Culture. Östen Lindell (current SVP, Europe and Asia) and Pentti Korjonen (current SVP, Middle East and Africa) will leave their positions in the company. Santiago Gonzalez, who has led the South and North America market area, has also expressed his interest in retirement, and the recruitment of his successor in on-going. Announcement • Sep 18
Lamor Corporation Oyj Announces Shareholders Nomination Board Appointments On September 2024, the members of the Shareholders' Nomination Board of Lamor Corporation Plc have been appointed as the following: Fred Larsen, Chairman of the Board of Directors, Larsen Family Corporation Oy. Juuso Puolanne, Investment Director, Finnish Industry Investment Ltd. Annika Ekman, Head of Listed Equities, Ilmarinen Mutual Pension Insurance Company. Mika Ståhlberg, Chairman of the Board of Directors, Lamor Corporation Oyj. In connection with the Nomination Board organisation, Fred Larsen was elected as the Chairman. According to the Lamor´s 2022 Annual General Meeting (AGM) resolution, the Nomination Board consists of in principle four (4) members, of whom the Company’s three (3) largest shareholders are each entitled to nominate one member, with the Chair of Lamor's Board of Directors serving as the fourth member. The members are elected annually. Their term of office ends when the composition of a subsequent Nomination Board has been determined. The shareholders who are entitled to appoint a member are determined on the basis of the shareholders’ register maintained by Euroclear Finland Ltd. as of the first business day of September each year. The duties of the Nomination Board include the annual preparing and presenting for the Annual General Meeting, and when necessary to the Extraordinary General Meeting, proposals on the remuneration, number of the members and the members of the Board of Directors. Further, the duties include searching possible candidates for new members of the Board of Directors. Announcement • Sep 09
Lamor Corporation Oyj Appoints Mikko Forsell as Chief Financial Officer, Effective 1 November 2024 Lamor Corporation Oyj announced that Mikko Forsell, M.Sc. (Econ) and M.Sc. (Tech), has been appointed Lamor's Chief Financial Officer and member of the Group Leadership Team. He will officially assume his new role as of 1 November 2024. Prior to his new position, Forsell has worked as CFO for Verkkokauppa.com, as CFO for HKScan’s being responsible for leading and developing the Group’s Finance function, ICT and procurement, and as CFO of Metsä Tissue Corporation, where he was in charge of Finance, Purchasing, ICT and PMO operations. As has been announced on 6 September 2024, Interim CFO Vesa Leino will remain in service of Lamor until 31 October 2024. Announcement • Sep 06
Lamor Corporation plc Announces Resignation of Vesa Leino as CFO, Effective 31 October 2024 Lamor Corporation Plc announced that Vesa Leino will leave the company as Interim CFO on 31 October 2024. Leino has served as the company’s interim CFO since 1 March 2024. The recruitment process for a new permanent CFO is ongoing. Reported Earnings • Jul 26
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: €0.02 loss per share (down from €0.09 profit in 2Q 2023). Revenue: €27.1m (down 20% from 2Q 2023). Net loss: €496.0k (down 120% from profit in 2Q 2023). Revenue missed analyst estimates by 21%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Commercial Services industry in Finland. Announcement • Jul 25
Lamor Corporation Oyj Reaffirms Earnings Guidance for the Year 2024 Lamor Corporation Oyj reaffirmed earnings guidance for the year 2024. In accordance with the guidance published on 16 February 2024, Lamor estimates that its revenue for the financial year 2024 will be at least at the same level as in 2023 (2023: EUR 122.5 million). Due to the uncertain market situation and uncertainty regarding the schedule of large tenders, Lamor does not provide guidance for profitability. Reported Earnings • Apr 26
First quarter 2024 earnings released: €0.01 loss per share (vs €0.02 loss in 1Q 2023) First quarter 2024 results: €0.01 loss per share (improved from €0.02 loss in 1Q 2023). Revenue: €23.9m (up 4.5% from 1Q 2023). Net loss: €185.0k (loss narrowed 65% from 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Commercial Services industry in Finland. New Risk • Apr 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (€62.3m market cap, or US$66.2m). Reported Earnings • Feb 19
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: €0.09 (down from €0.13 in FY 2022). Revenue: €122.5m (down 4.0% from FY 2022). Net income: €2.53m (down 27% from FY 2022). Profit margin: 2.1% (down from 2.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Commercial Services industry in Finland. Major Estimate Revision • Feb 18
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €119.0m to €122.9m. EPS estimate fell from €0.26 to €0.23 per share. Net income forecast to grow 282% next year vs 22% growth forecast for Commercial Services industry in Finland. Consensus price target broadly unchanged at €3.25. Share price was steady at €2.37 over the past week. Announcement • Feb 17
Lamor Corporation Oyj Announces Executive Appointments Lamor Corporation Oyj announced Östen Lindell, M.Sc. (Econ.), has been appointed Senior Vice President of Lamor’s market area Europe and Asia. Previously, Östen was responsible for Eurasia finance and acted as Managing Director of Lamor Beijing since January 2023. Before joining Lamor, Östen has held several leadership positions in finance and sales at e.g. Elcoteq and Wärtsilä, mostly based in China and Singapore. He joined Lamor in January 2023 and has substantial experience in international business and sales. At the same time, VP, People and Culture Mervi Oikkonen joins the Lamor Group Leadership Team. She has been with Lamor since January 2022, and has been part of the Extended Management Team. Announcement • Dec 20
Lamor Corporation plc Appoints Johanna Grönroos as Chief Strategy Officer M.Sc.(Econ.) Johanna Grönroos has been appointed as Lamor’s Chief Strategy Officer and member of the Management Team. She will assume her new role as of 20 December 2023. Grönroos has earlier acted as Lamor’s Chief Development Officer and as a member of the Management Team since August 2021. Before joining Lamor, Grönroos had held positions of e.g. business leader and a member of the Management Team at Ernst & Young Oy. Lamor announced on 28 September 2023 that Grönroos will step down from her position as Lamor´s Chief Development Officer and member of the Management Team as of 31 December 2023. Grönroos’ appointment as the Chief Strategy Officer and member of the Management Team as of 20 December 2023 cancels the resignation by Grönroos which was communicated earlier. Grönroos will also continue as a board member of Lamor’s subsidiary Lamor Recycling Oy. Announcement • Dec 16
Lamor Corporation Oyj Announces Chief Executive Officer Changes Lamor Corporation Plc's Board of Directors has appointed D.Sc. (Chem.Eng.) Johan Grön as the CEO of the company as of December 15, 2023. Grön has acted as Lamor's COO and as a member of the management team since May 2022. Grön has, in particular, had a key role in progressing Lamor´s large projects and developed the company's offering and project delivery processes. In addition, he has been leading Lamor's initiative for the chemical recycling of plastics. Johan Grön has more than 30 years of international management experience. Before joining Lamor, Grön held director and management positions at Gasum, Outotec, Kemira and Xylem Inc, among others. Following the Board of Directors' decision, Mika Pirneskoski leaves his position as the CEO on 15 December 2023. Announcement • Dec 04
Lamor Corporation Oyj Announces Resignation of Timo Koponen as Chief Financial Officer Lamor Corporation Oyj announced that Timo Koponen decided to step down from his role to transfer to another employer. Koponen has been a member of the Lamor management team since March 2021 in his role as the group CFO. He will continue in his position until 1 March 2024. Timo has had an instrumental role in developing the company during the period of fast growth. Timo had a major role in 2021 First North Premier listing process in creating reporting capabilities to fitting for a publicly listed company. He also played a significant part in transfer to the main list and in issuance of the green bond in 2023. Koponen will continue as a member of the management team until the last day of his employment. Lamor commences the process to hire his successor. New Risk • Nov 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.4% average weekly change). High level of non-cash earnings (25% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (€80.6m market cap, or US$88.7m). Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Commercial Services industry in Europe. Total loss to shareholders of 37% over the past year. Reported Earnings • Nov 06
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: €0.012 (down from €0.07 in 3Q 2022). Revenue: €31.1m (down 9.2% from 3Q 2022). Net income: €352.0k (down 82% from 3Q 2022). Profit margin: 1.1% (down from 5.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 89%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Commercial Services industry in Finland. Announcement • Nov 02
Lamor Corporation Oyj, Annual General Meeting, Mar 26, 2024 Lamor Corporation Oyj, Annual General Meeting, Mar 26, 2024. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €2.48, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Commercial Services industry in Europe. Total loss to shareholders of 38% over the past year. Price Target Changed • Oct 30
Price target decreased by 15% to €4.25 Down from €5.00, the current price target is an average from 2 analysts. New target price is 47% above last closing price of €2.90. Stock is down 27% over the past year. The company is forecast to post earnings per share of €0.26 for next year compared to €0.13 last year. Announcement • Oct 01
Lamor Corporation plc Announces Stepping Down of Magnus Miemois SVP for Europe and Asia, Effective 31 December 2023 Lamor Corporation Plc's SVP for Europe and Asia Magnus Miemois has decided to step down. Magnus Miemois, SVP for Europe and Asia, has decided to step down from his role to transfer to another employer. Miemois has been a member of the Lamor management team since January 2020 in different roles. He will continue in his position until 31 December 2023. Lamor’s management team will continue in the same composition until the last day of his employment. Lamor establishes succession arrangements during autumn 2023 and aims primarily at finding a successor from within the company. Announcement • Sep 25
Lamor Corporation Announces Board Changes In September 2023, the members of the Shareholders' Nomination Board of Lamor Corporation Plc have been appointed as the following: Fred Larsen, Chairman of the Board of Directors, Larsen Family Corporation Oy, Juuso Puolanne, Investment Director, Finnish Industry Investment Ltd, Annika Ekman, Head of Direct Equity Investments, Ilmarinen Mutual Pension Insurance Company, and •Mika Ståhlberg, Chairman of the Board of Directors, Lamor Corporation Oyj. In connection with the Nomination Board organisation, Fred Larsen was elected as the Chairman. According to the Lamor´s 2022 Annual General Meeting (AGM) resolution, the Nomination Board consists of in principle four members, of whom the Company’s three largest shareholders are each entitled to nominate one member, with the Chair of Lamor's Board of Directors serving as the fourth member. The members are elected annually. Their term of office ends when the composition of a subsequent Nomination Board has been determined. The shareholders who are entitled to appoint a member are determined on the basis of the shareholders’ register maintained by Euroclear Finland Ltd. as of the first business day of September each year. The duties of the Nomination Board include the annual preparing and presenting for the Annual General Meeting, and when necessary to the Extraordinary General Meeting, proposals on the remuneration, number of the members and the members of the Board of Directors. Further, the duties include searching possible candidates for new members of the Board of Directors. New Risk • Aug 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.7m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.5% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (€91.7m market cap, or US$99.7m). New Risk • Jul 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.1% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.6% net profit margin). Announcement • Jul 26
Lamor Corporation Oyj Announces Financial Guidance for 2023 Lamor Corporation Oyj announced financial guidance for 2023. Lamor estimates that its revenue for 2023 will be in the range of EUR 120-135 million. Reported Earnings • Jul 26
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: €0.09 (up from €0.014 in 2Q 2022). Revenue: €33.8m (up 52% from 2Q 2022). Net income: €2.47m (up €2.07m from 2Q 2022). Profit margin: 7.3% (up from 1.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates by 157%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Commercial Services industry in Finland. New Risk • Jul 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 7.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.0% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin). New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Price Target Changed • May 17
Price target decreased by 12% to €4.85 Down from €5.50, the current price target is an average from 2 analysts. New target price is 25% above last closing price of €3.87. Stock is down 18% over the past year. The company is forecast to post earnings per share of €0.31 for next year compared to €0.13 last year. Reported Earnings • Mar 03
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: €0.13 (up from €0.05 in FY 2021). Revenue: €128.0m (up 149% from FY 2021). Net income: €3.46m (up 260% from FY 2021). Profit margin: 2.7% (up from 1.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Commercial Services industry in Finland. Major Estimate Revision • Mar 02
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €131.5m to €125.4m. EPS estimate also fell from €0.37 per share to €0.32 per share. Net income forecast to grow 58% next year vs 17% growth forecast for Commercial Services industry in Finland. Consensus price target down from €5.50 to €5.25. Share price rose 3.3% to €4.50 over the past week. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: €0.071 (vs €0.065 in 3Q 2021) Third quarter 2022 results: EPS: €0.071 (up from €0.065 in 3Q 2021). Revenue: €34.2m (up 98% from 3Q 2021). Net income: €1.91m (up 50% from 3Q 2021). Profit margin: 5.6% (down from 7.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Commercial Services industry in Finland. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Vice Chairman Fred Larsen is the most experienced director on the board, commencing their role in 2008. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 14
Lamor Announces Management Appointments Lamor reinforces its Management Team to strengthen the implementation of the company's growth strategy. Santiago Gonzalez and Pentti Korjonen have been appointed as new members of Lamor’s Management Team as of 1 November 2022. Santiago Gonzalez will be responsible for the company’s operations in South and North America. He has founded the current Lamor subsidiary, Corena Ecuador, and has been working at Lamor since 2006. Pentti Korjonen will be responsible for the operations in the Middle East and Africa. He has worked earlier for a long time in leadership positions in the Middle East and in Africa at Metso-Outotec, Outotec, and Nokia Networks. Chief Commercial Officer Magnus Miemois will continue in the Management Team and will be responsible for operations in Europe and Asia. Mervi Oikkonen, HR Director, will be a part of Lamor's Extended Management Team. Composition of the Lamor Management Team following the appointments as of 1 November 2022: Mika Pirneskoski, CEO; Timo Koponen, CFO; Johan Grön, COO; Johanna Grönroos, CDO;Santiago Gonzalez, SVP, North and South America; Pentti Korjonen, SVP, Middle East and Africa; Magnus Miemois, SVP, Europe and Asia. Announcement • Sep 29
Lamor Corporation Oyj Announces Executive Appointments Lamor Corporation Oyj appointed Jukka Järvelä, Director, Head of Listed Equities, Mandatum Henkivakuutusosakeyhtiö and Juuso Puolanne, Investment Director, Suomen Teollisuussijoitus Oy to Shareholders' Nomination Board. Reported Earnings • Aug 18
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: €0.015 (down from €0.065 in 2Q 2021). Revenue: €22.2m (up 28% from 2Q 2021). Net income: €398.0k (down 69% from 2Q 2021). Profit margin: 1.8% (down from 7.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 82%. Over the next year, revenue is forecast to grow 27%, compared to a 7.2% growth forecast for the Commercial Services industry in Finland. Announcement • Jun 24
Lamor Corporation Oyj (HLSE : LAMOR) agreed to acquire 11.8% stake in Resiclo Oy for €1.3 million. Lamor Corporation Oyj (HLSE : LAMOR) agreed to acquire 11.8% stake in Resiclo Oy for €1.3 million on June 22, 2022. The agreement includes conditions which need to be met before the closing of the agreement. These conditions are expected to be met during the second half of 2022. Board Change • Jun 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Vice Chairman Fred Larsen is the most experienced director on the board, commencing their role in 2008. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 19
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: €0.07 (up from €0.015 in 1Q 2021). Revenue: €43.2m (up 306% from 1Q 2021). Net income: €1.88m (up €1.60m from 1Q 2021). Profit margin: 4.4% (up from 2.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 30%. Earnings per share (EPS) missed analyst estimates by 36%. Over the next year, revenue is forecast to grow 39%, compared to a 16% growth forecast for the industry in Finland. Board Change • May 18
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Vice Chairman Fred Larsen is the most experienced director on the board, commencing their role in 2008. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 06
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: €0.05 (up from €0.034 in FY 2020). Revenue: €51.5m (up 13% from FY 2020). Net income: €963.0k (up 44% from FY 2020). Profit margin: 1.9% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 400%. Over the next year, revenue is forecast to grow 111%, compared to a 14% growth forecast for the industry in Finland. Announcement • Dec 10
Lamor Corporation Oyj has completed an IPO in the amount of €35 million. Lamor Corporation Oyj has completed an IPO in the amount of €35 million.
Security Name: Shares
Security Type: Common Stock
Price\Range: €4.83
Security Name: Shares
Security Type: Common Stock
Price\Range: €4.35
Transaction Features: Regulation S; Reserved Share Offering Board Change • Dec 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.