About REKA

Founded: 1898
Employees: 275
CEO: Sari Tulander
WebsiteView website: www.rekaindustrial.fi

Reka Industrial Oyj supplies rubber products in Finland Poland, Sweden, Denmark, Estonia, Russia, and Norway. The company offers technical rubber products comprising moulded products, rubber-metal products, heavy profiles, and shaped hoses. Its products are used in fluid solutions, anti-vibration systems and in various heavy-duty rubber-metal combinations. The company was formerly known as Neo Industrial Plc and changed its name to Reka Industrial Oyj in December 2020. Reka Industrial Oyj was founded in 1898 and is based in Hyvinkää, Finland. Reka Industrial Oyj is a subsidiary of Reka Oy.

Recent REKA News & Updates

New Risk • Mar 31

New minor risk - Earnings quality

The company has large one-off items impacting its financial results. One-off items were 130% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€25.3m market cap, or US$29.2m).

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About REKA

Recent REKA News & Updates

Upcoming dividend of €0.09 per share

Reka Industrial Oyj's (HEL:REKA) Earnings Are Weaker Than They Seem

New minor risk - Earnings quality

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