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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kh Group Oyj | LSE:0NQK | London | Ordinary Share | FI0009008924 | KH GROUP ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.20 | 1.14 | 1.26 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 273.03M | -10.43M | -0.1796 | -6.68 | 69.69M |
KH Group Plc Press Release 28 November 2023 at 8:55 am EET
INDOOR GROUP WILL CONCENTRATE IN THE FINNISH MARKET IN THE FUTURE
KH Group Plc’s subsidiary Indoor Group Ltd will concentrate in its domestic market in Finland in the future. As a consequence, operations in Estonia will be closed by the end of the first quarter of 2024.The reason behind this decision is the unprofitability of the operations in a challenging market environment. There are currently three Asko stores in Estonia; Tallinn, Pärnu and Tartu.
Simultaneously the company starts the process to sell its asset in Tallinn.
Closing of the Estonian operations will not have any impact to Finnish operations of Indoor Group.
KH GROUP PLCLauri VeijalainenCEO
FURTHER INFORMATION: CEO Lauri Veijalainen, +358 46 876 1648
DISTRIBUTION:Main mediawww.khgroup.com
Sievi Capital is now a conglomerate with a new name KH Group. Our four business areas are leading players in their sectors in B2B products and services and consumer trade. The objective of our strategy change is to focus on the business of the earth-moving machinery supplier KH-Koneet. KH Group’s share is listed on Nasdaq Helsinki.
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