December 11, 2015 – Nasdaq (Nasdaq: NDAQ) announced that trading in Consti Group Plc shares (short name: CONSTI) commenced today on the prelist of Nasdaq Helsinki. Consti is a small cap company within the Industrials sector. The company’s shares are estimated to move to the Main Market of Nasdaq Helsinki on December 15, 2015.
Consti Group is one of the leading companies focusing on renovation and technical services in Finland. The Company has a comprehensive service offering covering technical building services, residential pipeline renovation, renovation contracting, building facade repair and maintenance, and other renovation and technical services for demanding residential and non-residential properties. According to data collected by Rakennuslehti, a journal of the construction industry, Consti was the largest renovator in Finland in 2014 measured in revenue from renovation.
The customer base of the Company comprises housing corporations and their property managers, public institutions, real estate investors as well as corporations and industry. The Company’s operations are strongly focused on the Finnish growth centres. In 2014, approximately 80% of the Company’s revenue was generated in Uusimaa (including Helsinki and the metropolitan area) and approximately 12% in Pirkanmaa (including the economic area of Tampere). In addition, Consti is present in Turku, Oulu and Lahti. Consti employs over 900 renovation professionals, and its net sales were approximately EUR 216 million in 2014. For more information, please visit http://www.consti.fi/en/.
”Consti has grown profitably during the past years. This is based on our comprehensive renovation and building technology offering as well as a very competent and customer oriented personnel, which has helped us in building strong customer relationships”, stated Marko Holopainen, the CEO of Consti Group.
“At the moment, mainly buildings built in 1960s are being renovated, and next in line is the building stock of the 1970s and 1980s which is significantly larger. I believe we are well positioned to continue on the path of profitable growth. We aim to further strengthen our position in our current market areas and to expand our full offering to other Finnish growth centres. In addition we plan to strengthen our Service-business. We expect the listing to increase awareness of Consti among the customers and the renovation professionals and thus improve our ability to reach our growth targets, among other things. I warmly welcome all new and future shareholders to Consti”,Holopainen said.
“It is a pleasure to welcome Consti to Nasdaq Helsinki”, said Lauri Rosendahl, President of Nasdaq Helsinki. “The company will be a great addition to our Industrials sector. We look forward to supporting Consti in all stages of their growth, and are happy to provide them with the increased visibility as well as investor awareness that come with a listing on the main market. I am also delighted to note that – Consti included – we have now welcomed a full dozen of new listed companies to Helsinki this year.”
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