Announcement • Jun 11
Eagle Filters Group Oyj Appoints Daniel Lähde as Chief Financial Officer, Effective June 10, 2026 Eagle Filters Group Oyj has appointed M.Sc. (Econ. & Bus. Adm.) Daniel Lähde (born 1991) as Chief Financial Officer. He will take up his position starting 10 June 2026. Lähde has broad experience in financial management and a wide range of financial and business management skills. Lähde has worked in financial management functions at Eagle Filters Group since 2021 and currently serves as Group Controller. Prior to joining Eagle Filters Group, he worked in auditing at KPMG, most recently as an Authorized Public Accountant (KHT). Lähde holds a Master's degree in Economics and Business Administration. New Risk • Jun 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-€343k). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risks Revenue is less than US$5m (€3.1m revenue, or US$3.6m). Market cap is less than US$100m (€19.5m market cap, or US$22.5m). Announcement • May 28
Eagle Filters Group Oyj has filed a Follow-on Equity Offering in the amount of €34 million. Eagle Filters Group Oyj has filed a Follow-on Equity Offering in the amount of €34 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 48,571,429
Price\Range: €0.7 Reported Earnings • Feb 28
Full year 2025 earnings released: €0.02 loss per share (vs €0.02 loss in FY 2024) Full year 2025 results: €0.02 loss per share (in line with FY 2024). Revenue: €3.16m (down 58% from FY 2024). Net loss: €4.76m (loss widened 22% from FY 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Jan 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€4.5m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 20% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (€15.9m market cap, or US$18.6m). Announcement • Jan 21
Eagle Filters Group Oyj Announces Resignation of Timo Linnainmaa Chief Financial Officer, Effective No Later Than April 13, 2026 Eagle Filters Group Oyj announced that Timo Linnainmaa, the Chief Financial Officer of company, has announced his resignation from the position. Linnainmaa will continue working at Eagle Filters Group during his notice period and will leave the company no later than April 13, 2026. Announcement • Dec 24
Eagle Filters Group Oyj, Annual General Meeting, Apr 14, 2026 Eagle Filters Group Oyj, Annual General Meeting, Apr 14, 2026. New Risk • Oct 03
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 7.1% 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 Less than 1 year of cash runway based on free cash flow trend (-€4.5m free cash flow). Share price has been highly volatile over the past 3 months (7.1% average weekly change). Earnings have declined by 20% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€14.4m market cap, or US$16.8m). Reported Earnings • Aug 19
First half 2025 earnings released: €0.01 loss per share (vs €0.01 loss in 1H 2024) First half 2025 results: €0.01 loss per share (in line with 1H 2024). Revenue: €1.89m (down 52% from 1H 2024). Net loss: €2.69m (loss widened 97% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Aug 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€4.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€4.5m free cash flow). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€14.3m market cap, or US$16.7m). New Risk • Aug 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (€15.5m market cap, or US$17.9m). Reported Earnings • Feb 28
Full year 2024 earnings released: €0.02 loss per share (vs €0.03 loss in FY 2023) Full year 2024 results: €0.02 loss per share (improved from €0.03 loss in FY 2023). Revenue: €7.59m (up 26% from FY 2023). Net loss: €3.90m (loss narrowed 19% from FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Feb 13
Eagle Filters Group Oyj announced that it has received funding Eagle Filters Group Oyj announced that it has received in a round of funding on February 12, 2025. The transaction involved participation from new lender Finnvera plc New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€2.1m free cash flow). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€16.6m market cap, or US$17.1m). Announcement • Dec 17
Eagle Filters Group Oyj, Annual General Meeting, Apr 10, 2025 Eagle Filters Group Oyj, Annual General Meeting, Apr 10, 2025. Board Change • Dec 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. Independent Chairman of the Board Matti Pekka Vuoria is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 21
Eagle Filters Group Oyj Elects Jukka Heikka as New Member of the Board of Directors Eagle Filters Group Oyj at its Extraordinary General Meeting was held on 21 November 2024, approved the number of members of the Board of Directors was resolved to be five. Mr. Jukka Heikka was elected as new member of the Board of Directors for a term that will continue until the close of the next Annual General Meeting. Other current members of the Board of Directors continue in their position until the close of the next Annual General Meeting. Reported Earnings • Sep 06
First half 2024 earnings released: €0.01 loss per share (vs €0.02 loss in 1H 2023) First half 2024 results: €0.01 loss per share (improved from €0.02 loss in 1H 2023). Revenue: €4.30m (up 34% from 1H 2023). Net loss: €1.36m (loss narrowed 41% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. New Risk • Jun 22
New major risk - Revenue and earnings growth Earnings have declined by 1.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€3.2m free cash flow). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 1.2% per year over the past 5 years. Market cap is less than US$10m (€9.27m market cap, or US$9.91m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Aug 08
Eagle Filters Group Oyj Announces Resignation of Lassi Noponen as A Member of Group´S Management Team Lassi Noponen, member of Eagle Filters Group Oyj´s Management Team, has decided to pursue new opportunities outside Eagle Filters Group and his employment with Eagle Filters Group has ended. Announcement • Jun 30
Eagle Filters Group Oyj Announces Board Appointments Eagle Filters Group Oyj at its AGM held on June 29, 2023 approved election of Mr. Harri Kairento as a new member of the Board of Directors and the Board of Directors at its constitutive meeting after the Annual General Meeting held on June 29, 2023 elected Mr. Jarkko Joki-Tokola as the Vice Chairman of the Board. Mr. Matti Vuoria is Chairman of the Board. Announcement • Jun 22
Eagle Filters Group Oyj Announces Appointment of Harri Kairento as Member of the Board of Directors Eagle Filters Group Oyj at its AGM held on June 7, 2023, announced the appointment of Harri Kairento as new member of the Board of Directors. Harri Kairento has over 20 years of experience in CFO and Group controller positions in VC-funded technology growth companies such as Jolla Oy, CRF Health, Oplayo Oy with focus on markets outside of Finland. Harri has extensive experience of Board work, having acted as a secretary for the Board of Directors in each company. Harri has M.Sc. Economics degree from Helsinki School of Economics. Announcement • Jun 09
Eagle Filters Group Oyj, Annual General Meeting, Jun 29, 2023 Eagle Filters Group Oyj, Annual General Meeting, Jun 29, 2023, at 10:00 E. Europe Standard Time. Location: VillageWorks | Ballroom, address Lönnrotinkatu 5, 00120 Helsinki Finland Agenda: To consider presentation of the annual accounts and the auditor's report for the year 2022; to consider adoption of the annual accounts; to consider result for the financial period; to consider resolution on the discharge from liability of the members of the Board of Directors and the CEO; to consider resolution on the remuneration of the members of the Board of Directors; to consider resolution on the number of members of the Board of Directors; to consider election of members of the Board of Directors; and to transact other business. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Net loss: €1.67m (loss widened 25% from FY 2020). Revenue exceeded analyst estimates by 80%. Over the next year, revenue is forecast to grow 11%, compared to a 7.5% growth forecast for the funds industry in Finland. Executive Departure • Aug 13
Director Anders Lundström has left the company On the 12th of August, Anders Lundström's tenure as Director ended after 1.0 years in the role. We don't have any record of a personal shareholding under Anders' name. Anders is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 23
New 90-day low: €0.37 The company is down 9.0% from its price of €0.41 on 25 November 2020. The Finnish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 25% over the same period. Reported Earnings • Feb 21
Full year 2020 earnings released Full year 2020 results: Net loss: €1.34m (loss narrowed 68% from FY 2019). Analyst Estimate Surprise Post Earnings • Feb 21
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) exceeded analyst estimates by 33%. Over the next year, revenue is forecast to grow 8.1%, compared to a 21% growth forecast for the Capital Markets industry in Finland. Is New 90 Day High Low • Dec 24
New 90-day high: €0.45 The company is up 27% from its price of €0.35 on 24 September 2020. The Finnish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Nov 29
New 90-day high: €0.45 The company is up 15% from its price of €0.39 on 31 August 2020. The Finnish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Oct 26
New 90-day low: €0.33 The company is down 14% from its price of €0.39 on 28 July 2020. The Finnish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. 