New Risk • Jul 21
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 German stocks, typically moving 13% 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 (13% average weekly change). Minor Risk Market cap is less than US$100m (€75.7m market cap, or US$86.3m). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.94, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total returns to shareholders of 20% over the past three years. Declared Dividend • May 20
Dividend of €0.11 announced Shareholders will receive a dividend of €0.11. Ex-date: 30th September 2026 Payment date: 8th October 2026 Dividend yield will be 5.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 28% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Mar 17
Orthex Corporation Announces Board Member Jyrki Mäki-Kala Was No Longer Available for Re-Election Orthex Corporation announced that the current Board member Jyrki Mäki-Kala was no longer available for re-election. Duyuru • Mar 06
Orthex Oyj Proposes Dividend, Payable on 23 April 2026 and 8 October 2026 Orthex Oyj proposed a dividend of EUR 0.23 per share (0.22), totaling approx. EUR 4.1 million (3.9). It is proposed that the dividend be paid in two instalments. The first instalment of the dividend amounting to EUR 0.12 per share will be paid to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the first instalment of the dividend payment 16 April 2026. The Board of Directors proposes that the first instalment of the dividend be paid on 23 April 2026. The second instalment of the dividend amounting to EUR 0.11 per share will be paid in October 2026 to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the second instalment of the dividend payment 1 October 2026. The Board of Directors proposes that the second instalment of the dividend be paid on 8 October 2026. The Board of Directors further proposes that the Board be authorised to decide, if necessary, on a new record date and date of payment for the second instalment of the dividend should the rules of Euroclear Finland Oy or statutes governing the Finnish book-entry system change or otherwise so require. Duyuru • Mar 05
Orthex Oyj to Report Fiscal Year 2025 Final Results on Mar 16, 2026 Orthex Oyj announced that they will report fiscal year 2025 final results on Mar 16, 2026 Duyuru • Sep 01
Orthex Oyj Appoints Aurélien Chabannier as Sales Director, Europe and International Markets Effective 1 September 2025 Orthex Oyj announced that Aurélien Chabannier has been appointed Sales Director, Europe and International Markets at Orthex as of 1 September 2025. He will be a member of the Group Management Team and report to CEO Alexander Rosenlew. Chabannier (b. 1989) is French citizen and has a master's degree in management. He joined the company in 2016 as a Key Account Manager for France and holds currently the position of Business Unit Manager, France and Germany. Duyuru • Mar 12
Orthex Corporation Approves Dividend for the Financial Year Ended 31 December 2024, Payable on 9 May 2025 and 1 October 2025, Respectively The Board of Directors of Orthex Oyj proposed to the general meeting that based on the financial statements to be adopted for the financial year ended on 31 December 2024, shareholders be paid a dividend of EUR 0.22 per share totalling approximately EUR 3.9 million based on the number of registered shares in the company at the time of the proposal. The dividend is proposed to be paid in two instalments as follows: The first instalment of the dividend amounting to EUR 0.11 per share will be paid to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the first instalment of the dividend payment 2 May 2025. The Board of Directors proposes that the first instalment of the dividend be paid on 9 May 2025. The second instalment of the dividend amounting to EUR 0.11 per share will be paid in October 2025 to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the second instalment of the dividend payment 1 October 2025. The Board of Directors proposes that the second instalment of the dividend be paid on 8 October 2025. The Board of Directors further proposes that the Board be authorised to decide, if necessary, on a new record date and date of payment for the second instalment of the dividend should the rules of Euroclear Finland Oy or statutes governing the Finnish book-entry system change or otherwise so require. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: €0.10 (vs €0.13 in 3Q 2023) Third quarter 2024 results: EPS: €0.10 (down from €0.13 in 3Q 2023). Revenue: €22.8m (up 4.2% from 3Q 2023). Net income: €1.80m (down 24% from 3Q 2023). Profit margin: 7.9% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Duyuru • Nov 13
Orthex Corporation Announces Alex Nielsen, Sales Director, Europe and International Markets Agrees That He Will Leave the Company as of 30 November 2024 Orthex Corporation and Alex Nielsen, Sales Director, Europe and International Markets and member of the company's Management Team, have agreed that Mr. Nielsen will leave the company as of 30 November 2024. Nielsen has been a member of Orthex's Management Team since 2022. ‘During Nielsen's time, the company's sales and presence outside the Nordic countries have strengthened considerably and the strategy to become a truly European company has been confirmed, advanced and clarified. The international sales organisation will temporarily report to CEO Alexander Rosenlew. Orthex will start the succession planning process for the recruitment of a new Sales Director responsible for Europe and International Markets. Duyuru • Oct 11
Orthex Corporation Announces Resignation of Jens-Peter Poulsen from Board of Directors, Effective 31 October 2024 Jens-Peter Poulsen, member of Orthex's Board of Directors since 2021, has announced his resignation from the Board as of 31 October 2024. Mr. Poulsen has been appointed to a new, time-consuming full-time position; hence he will leave the Orthex Board. Following his resignation, the Board of Directors of Orthex will consist of four members until the next Annual General Meeting. Upcoming Dividend • Sep 24
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 01 October 2024. Payment date: 09 October 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (3.7%). New Risk • Sep 04
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 German stocks, typically moving 6.9% 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 Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: €0.05 (vs €0.06 in 2Q 2023) Second quarter 2024 results: EPS: €0.05 (down from €0.06 in 2Q 2023). Revenue: €21.0m (up 4.3% from 2Q 2023). Net income: €931.0k (down 13% from 2Q 2023). Profit margin: 4.4% (down from 5.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 22
Orthex Oyj Announces Long-Term Dividend Target Orthex Oyj announced that the company aims to distribute a stable and over time increasing dividend with a pay-out of at least 50% of net profit, in total, on a biannual basis. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: €0.09 (vs €0.074 in 1Q 2023) First quarter 2024 results: EPS: €0.09 (up from €0.074 in 1Q 2023). Revenue: €22.0m (up 7.5% from 1Q 2023). Net income: €1.56m (up 19% from 1Q 2023). Profit margin: 7.1% (up from 6.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 11
Dividend of €0.10 announced Shareholders will receive a dividend of €0.10. Ex-date: 1st October 2024 Payment date: 9th October 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 09
Orthex Corporation Approves Dividend for the Financial Year Ended 31 December 2023, Payable on 11 April 2024 and October 2024, Respectively Orthex Corporation's Annual General Meeting was held on 9 April 2024 As proposed by the Board, the general meeting resolved that for the financial year ended on 31 December 2023, shareholders will be paid a dividend of EUR 0.21 per share in two instalments as follows: The first instalment of the dividend amounting to EUR 0.11 per share will be paid to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the first instalment of the dividend payment 11 April 2024. The first instalment of the dividend will be paid on 18 April 2024. The second instalment of the dividend amounting to EUR 0.10 per share will be paid in October 2024 to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the second instalment of the dividend payment 2 October 2024. The second instalment of the dividend will be paid on 9 October 2024. Upcoming Dividend • Apr 03
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 18 April 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.3%). Declared Dividend • Mar 18
Final dividend of €0.11 announced Shareholders will receive a dividend of €0.11. Ex-date: 10th April 2024 Payment date: 18th April 2024 Dividend yield will be 2.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (49% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: €0.39 (vs €0.12 in FY 2022) Full year 2023 results: EPS: €0.39 (up from €0.12 in FY 2022). Revenue: €85.9m (up 2.3% from FY 2022). Net income: €6.89m (up 225% from FY 2022). Profit margin: 8.0% (up from 2.5% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Duyuru • Mar 05
Orthex Oyj Proposes Dividend for the Financial Year Ended on 31 December 2023, Payable on 18 April 2024 and 9 October 2024 Respectively The Board of Directors of Orthex Oyj proposed to the general meeting that based on the financial statements to be adopted for the financial year ended on 31 December 2023, shareholders be paid a dividend of EUR 0.21 per share totaling approximately EUR 3.7 million based on the number of registered shares in the company at the time of the proposal. The dividend is proposed to be paid in two instalments as follows: The first instalment of the dividend amounting to EUR 0.11 per share will be paid to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the first instalment of the dividend payment 11 April 2024. The Board of Directors proposes that the first instalment of the dividend be paid on 18 April 2024. The second instalment of the dividend amounting to EUR 0.10 per share will be paid in October 2024 to a shareholder who is registered in the company's shareholder register held by Euroclear Finland Oy on the record date of the second instalment of the dividend payment 2 October 2024. The Board of Directors proposes that the second instalment of the dividend be paid on 9 October 2024. Duyuru • Feb 14
Orthex Corporation Announces Changes in Operational Responsibilities and the Management Team Orthex Corporation is clarifying its operational responsibilities resulting in corresponding changes in the Management Team. Operations Director Tom Ståhlberg has been appointed Chief Supply Officer (CSO) and will assume the overall responsibility for Orthex production, supply chain and purchasing. Operations Director Hans Cronquist will continue leading its largest production site in Tingsryd. Given the importance of the Tingsryd factory, Hans Cronquist will remain a member of the Management Team. Mr. Cronquist will report to Tom Ståhlberg. These changes will be effective as of 1 March 2024. The change accelerates the transformation towards increasing company-wide functional responsibilities. As of 14 February 2024, Orthex's Management Team will consist of: Alexander Rosenlew, Chief Executive Officer, Saara Mäkelä, Chief Financial Officer and Head of IT, Hanna Kukkonen, Chief Marketing and Sustainability Officer, Head of Product Development, Tom Ståhlberg, Chief Supply Officer, from 1 March 2024, Nicholas Ledin, Sales Director, Nordics, Alex Nielsen, Sales Director, Europe and International Markets, Hans Cronquist, Operations Director, Tingsryd and Peter Ottosson, Operations Director, Gnosjö, until 30 April 2024. Buy Or Sell Opportunity • Feb 13
Now 20% undervalued Over the last 90 days, the stock has risen 20% to €5.81. The fair value is estimated to be €7.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 41%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Duyuru • Jan 09
Orthex Corporation Announces Resignation of Peter Ottosson Member of the Management Team and Operations Director of the Gnosjö Factory Peter Ottosson, member of Orthex's Management Team and Operations Director of the Gnosjö factory, has decided to leave his position to assume a role with another employer. Mr. Ottosson will continue in his current role untilthe month of May. Buying Opportunity • Dec 23
Now 21% undervalued Over the last 90 days, the stock is up 6.0%. The fair value is estimated to be €6.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 41%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: €0.13 (vs €0.072 in 3Q 2022) Third quarter 2023 results: EPS: €0.13 (up from €0.072 in 3Q 2022). Revenue: €21.9m (flat on 3Q 2022). Net income: €2.38m (up 87% from 3Q 2022). Profit margin: 11% (up from 5.8% in 3Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Duyuru • Nov 08
Orthex Oyj, Annual General Meeting, Apr 09, 2024 Orthex Oyj, Annual General Meeting, Apr 09, 2024. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.54, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total loss to shareholders of 7.1% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.91 per share. Duyuru • Nov 03
Orthex Extends the SmartStoreTM Brand into Food Storage Products Orthex's growth strategy is to become a leader in Europe in the home storage category with the SmartStoreTM brand. As a part of executing its growth strategy, Orthex will extend the SmartStoreTM brand offering into food storage products. All Orthex's food storage containers will be branded SmartStoreTM. The re-branding starts at the end of 2023 and will be ready by spring of 2024. Orthex is continuing to increase the use of renewable raw materials in food storage products. From now on, SmartStoreTM Vision dry food keepers and SmartStoreTM Snack lunch boxes will contain at least 20% renewable, ISCC PLUS certified material, which is allocated by applying the mass balance approach. These product series are manufactured at the Orthex's Lohja factory in Finland. Upcoming Dividend • Sep 22
Upcoming dividend of €0.05 per share at 2.2% yield Eligible shareholders must have bought the stock before 29 September 2023. Payment date: 10 October 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.1%). Board Change • Sep 19
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Chairman of the Board Sanna Suvanto-Harsaae is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Sep 14
Orthex Corporation Announces Composition of Shareholders' Nomination Board The composition of Orthex's Shareholders' Nomination Board is the following: Maarit Toivanen, CEO and Chair of the Board of Conficap Oy, Alexander Rosenlew, Annika Ekman, Head of Direct Equity Investments of Ilmarinen Mutual Pension Insurance Company, Mats Söderström, CEO of Thomasset Oy. Maarit Toivanen was elected to chair the Nomination Board. The Nomination Board's expert member is Sanna Suvanto-Harsaae, Chair of the Board of Orthex Corporation. Orthex's Shareholders' Nomination Board prepares and presents to the Annual General Meeting the proposals on the remuneration and composition of the Board of Directors. The Nomination Board will submit its proposals for the 2024 Annual General Meeting to the Board of Directors by 31 January 2024. Buying Opportunity • Jul 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.4%. The fair value is estimated to be €5.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last year. Earnings per share has declined by 61%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: €0.07 (vs €0.063 in 1Q 2022) First quarter 2023 results: EPS: €0.07 (up from €0.063 in 1Q 2022). Revenue: €20.5m (flat on 1Q 2022). Net income: €1.32m (up 17% from 1Q 2022). Profit margin: 6.4% (up from 5.5% in 1Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Buying Opportunity • May 03
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be €5.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Buying Opportunity • Apr 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.0%. The fair value is estimated to be €5.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Upcoming Dividend • Apr 13
Upcoming dividend of €0.06 per share at 2.3% yield Eligible shareholders must have bought the stock before 19 April 2023. Payment date: 27 April 2023. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.1%). Buying Opportunity • Mar 30
Now 20% undervalued Over the last 90 days, the stock is up 3.1%. The fair value is estimated to be €5.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Buying Opportunity • Mar 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 8.8%. The fair value is estimated to be €6.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: €0.12 (vs €0.35 in FY 2021) Full year 2022 results: EPS: €0.12 (down from €0.35 in FY 2021). Revenue: €84.0m (down 5.2% from FY 2021). Net income: €2.12m (down 65% from FY 2021). Profit margin: 2.5% (down from 6.8% in FY 2021). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Board Change • Feb 20
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Satu Huber is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Jan 25
Satu Huber No Longer Available for Re-Election to the Board of Orthex Oyj Orthex Oyj announced that Satu Huber has informed the Shareholders' Nomination Board that she is no longer available for re-election to the Board. Buying Opportunity • Jan 20
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €6.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 37% per annum over the same time period. Board Change • Nov 23
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Satu Huber is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: €0.07 (vs €0.13 in 3Q 2021) Third quarter 2022 results: EPS: €0.07 (down from €0.13 in 3Q 2021). Revenue: €22.1m (up 1.4% from 3Q 2021). Net income: €1.27m (down 43% from 3Q 2021). Profit margin: 5.8% (down from 10% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Germany. Board Change • Oct 10
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Satu Huber is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Sep 23
Inaugural dividend of €0.09 per share Eligible shareholders must have bought the stock before 30 September 2022. Payment date: 11 October 2022. This is the first dividend for Orthex Oyj since going public. The average dividend yield among industry peers is 4.0%. Reported Earnings • Aug 26
Second quarter 2022 earnings released: €0.03 loss per share (vs €0.088 profit in 2Q 2021) Second quarter 2022 results: €0.03 loss per share (down from €0.088 profit in 2Q 2021). Revenue: €21.0m (down 5.3% from 2Q 2021). Net loss: €619.0k (down 140% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 7.8%, compared to a 2.2% growth forecast for the Consumer Durables industry in Germany. Duyuru • Aug 12
Orthex Corporation Appoints Alex Nielsen as Sales Director, Europe and International Markets Orthex corporation appointed Sales Director, Europe and International Markets at Orthex as of 1 September 2022. He will be a member of the Group Management Team and report to CEO Alexander Rosenlew. Previously Alex Nielsen has worked amongst others as Chief Commercial Officer at A. Espersen A/S and in Sales Operations and Export Director positions at Carlsberg Breweries and Hasbro Nordic. Board Change • Jun 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Satu Huber is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Jun 01
Orthex Corporation Announces Resignation of Michel Mercier, Effective August 1, 2022 Orthex Corporation announced that Orthex and Michel Mercier, a member of Orthex Corporation's Management Team and Sales Director of the export organisation, have agreed that Mercier will leave the company as of August 1, 2022. Mercier has been a member of Orthex's Management Team since 2015. The export organisation will temporarily report to CEO Alexander Rosenlew. The company will start the recruitment of a new Sales Director. Reported Earnings • May 12
First quarter 2022 earnings released: EPS: €0.06 (vs €0.076 in 1Q 2021) First quarter 2022 results: EPS: €0.06 (down from €0.076 in 1Q 2021). Revenue: €20.6m (down 4.9% from 1Q 2021). Net income: €1.13m (down 9.9% from 1Q 2021). Profit margin: 5.5% (down from 5.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 12%, compared to a 7.3% growth forecast for the industry in Germany. Board Change • May 04
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Satu Huber is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Apr 07
Orthex Corporation Announces Board Changes Orthex Corporation at the annual general meeting held on April 6, 2022 elected Markus Hellström and Jyrki Mäki-Kala were elected as new members to the Board, all for a term of office ending at the end of the next Annual General Meeting. Board Change • Mar 23
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. 1 experienced director. No highly experienced directors. Independent Director Juuso Kivinen 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. Reported Earnings • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.35 (down from €19.38 in FY 2020). Revenue: €88.7m (up 17% from FY 2020). Net income: €6.04m (down 22% from FY 2020). Profit margin: 6.8% (down from 10% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.2%, compared to a 7.9% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €7.31, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €13.61 per share. Duyuru • Jan 29
Orthex Oyj Announces Board Changes Orthex Oyj announced that Markus Hellström and Jyrki Mäki-Kala elected as new members to the Board, all for a term of office ending at the end of the next Annual General Meeting. Ari Jokelainen and Juuso Kivinen have informed the Shareholders' Nomination Board that they are no longer available for re-election to the Board. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 17% share price gain to €11.42, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €12.87 per share. Board Change • Aug 03
Less than half of directors are independent Following Director Jens-Peter Poulsen's arrival on 01 August 2021, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Chairman of the Board Sanna Suvanto-Harsaae was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.