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.”
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of approximately 8.8 trillion and more than 10,000 corporate clients. To learn more, visit nasdaq.com/ambition or business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
For media relations
- Heli-Kirsti Airisniemi
- 358 (0) 9 6166 7941