SkartaNYAB Plc’s business review 1 January-31 March 2022 (unaudited): Stable performance in seasonally weakest quarter, high orderbook enables good outlook for the rest of the year

13.05.22

SkartaNYAB Plc
COMPANY ANNOUNCEMENT
13 May 2022 at 10:15

SkartaNYAB Plc’s business review 1 January–31 March 2022 (unaudited): Stable performance in seasonally weakest quarter, high orderbook enables good outlook for the rest of the year

  • Successful corporate transaction with NYAB Sverige AB was closed on 31 March 2022 and the name of the company was simultaneously changed to SkartaNYAB Plc. The transaction strengthened the equity of the company markedly, and its new subsidiary company NYAB has the best outlook ever.
  • Consolidated pro forma revenue of the first quarter was 29.7 million euros, growth 18,6 %, and EBITDA -1.5 million euros.
  • Strong orderbook of the group companies, a total of exceeding 320 million euros, enables positive outlook for the rest of the year.

Key figures of SkartaNYAB Plc Group

01–03/2022(3 months) 01–03/2021(3 months) 01–12/2021(12 months)
Revenue, 1000 euros 11 613 782 41 646
EBITDA, 1000 euros -987 -64 1 895
–       share of turnover -8,5 % -8,2 % 4,6 %
EBITA, 1000 euros -1 284 -80 1 317
–       share of turnover -11,1 % -10,2 % 3,2 %
Operating profit (EBIT), 1000 euros -2 351 -195 -838
–       share of turnover -20,2 % -24,9 % -2,0 %
Profit for the period, 1000 euros -2 578 -309 -4 885
–       share of turnover -22,2 % -39,5 % -11,7 %
Earnings per share, EUR -0,00 -0,02 -0,02
Equity per share, EUR 0,36 0,14 0,19
Equity ratio 82,7 % 25,6 % 72,2 %
Return on equity -1,7 % -10,4 % -16,7 %
Shares at the end of the period 702 641 888 20 054 317 288 397 790

Pro forma key figures*

01–03/2022(3 months) 01–03/2021(3 months) 01–12/2021(12 months)
Revenue, 1000 euros 29 722 25 064 209 165
EBITDA, 1000 euros -1 513 539 21 916
–       share of turnover -5,1 % 2,1 % 10,5 %
EBITA, 1000 euros -2 179 28 19 800
–       share of turnover -7,3 % 0,1 % 9,5 %

*Pro forma figures consist of the consolidated financial information of SkartaNYAB Plc Group (Skarta Finland Ltd subgroup for the previous financial year) and NYAB Group. Income statement of NYAB Group will be consolidated to the financial statements of SkartaNYAB Group as of 1 April 2022.

Guidance for the financial year 2022

The company estimates that the revenue of the group for the financial year 2022 is 220-255 million euros, and operating profit without amortization and reduction in value of intangible assets (EBITA) 20-29 million euros. The guidance regards SkartaNYAB Plc Group and does therefore not include the first quarter of NYAB Group. The financial guidance is based on the company’s view on its current business operations development, and new potential opportunities for the rest of the year. The company has given a wider range for its guidance, as there have been rapid changes in the operating environment that may cause fluctuation in project execution and profitability. As the business operations during the rest of the year are focused on Swedish markets, consolidated financial figures are also subject to an increased fluctuation in currency rates.

CEO Johan Larsson’s review

Result of SkartaNYAB Group for the first quarter was in line with expectations. Our market presence is extensive in northern Finland and Sweden. Hence, our seasonal variations when operating under winter conditions make the first quarter crucial for order intake, planning and forming optimal project organizations. We have succeeded in building a diversified orderbook of exceeding 320 million euros. As the scale of our business is growing, we have also been building a stronger organization, which has increased costs during the beginning of the year but enables larger volumes for the rest of the year.

In the corporate transaction between Skarta and NYAB, a new group that has an excellent position to reach profitable growth during the rest of the year was created. Both Skarta and NYAB have a strong brand in their domestic markets, and for now they continue to operate with their own names. Both companies have an entrepreneurial culture, and major shareholders actively participate in developing the business operations. The intention is to continue seeking also inorganic growth to support the competence and offering of the companies. The strong balance sheet of SkartaNYAB provides great opportunities to accelerate growth.

NYAB has just had the best first quarter in its history. The orderbook of the company is bigger than ever. NYAB has signed several base contracts that enables a lot of synergies in adjacent markets. These contracts include perennial contracts that create revenue through the whole year, such as contracts with the municipality of Piteå and the Swedish Transport Administration regarding streets, roads, and sewerage work. NYAB has also expanded its activities in Stockholm region, where ongoing urbanization increases the demand for the construction of sustainable infrastructure.

Skarta’s business operations have taken significant development steps during the beginning of the year as well. A lot of new expertise has been recruited to the company, with which it can provide more comprehensive services for its customers. The geopolitical situation increases the demand for domestic energy solutions, and Skarta’s strong position in energy construction responds to it brilliantly. Skarta’s energy project development still involves some development costs, but we expect these investments in a green future to start capitalizing in 2023 and therefore contributing to our result from next year onwards.

Our target in SkartaNYAB is to combine the best parts of both large and small enterprises. We have extended networks and significant partnerships, of which the cooperation with Solarigo that was started during the beginning of the year is an excellent example. At the same time, we are a flexible organization, where decision-making is effective, and employees take responsibility for their own work. I believe that this way we can provide the best value for our shareholders, best quality for our customers, and operate in collaboration with the best companies in the industry.

To sum it up, we are operating in a world that currently includes a lot of financial uncertainties. The main cause is the ongoing war in Europe, which is truly horrible from a humanity perspective. Uncertainties are also related to inflation and increasing interest rates. In this context I am very pleased with our current position. We have low debt, very strong backlog, and a strong balance sheet. We have committed and talented people, who have proven during the pandemic their capability of being flexible, adjusting and performing well when external circumstances are affecting our business. In addition, we operate on growing markets.

Business operations of SkartaNYAB Group during the review period

The most significant event of the first quarter was the corporate transaction that was closed at the end of March, in which Skarta Group Plc acquired all shares in NYAB Sverige AB and changed its name to SkartaNYAB Plc. A group, whose companies had a total revenue of 209 million euros for 2021 and an EBITDA margin of 10.5 %, i.e., an EBITDA of 22 million euros, was created in the transaction. Equity of the group increased to 250 million euros with the transaction, as the purchase price was paid almost entirely by arranging a directed share issue to NYAB Sverige AB’s shareholders. Johan Larsson started as the CEO of the company as of 1 April 2022, and there were some other changes in the Executive Management Team as well to correspond to the management needs of the new group.

Strategy of the SkartaNYAB Group includes expanding its activities towards the development, construction, and ownership of overall projects in clean energy. Regarding energy projects, the group has concentrated on the development of its Near Energy concept, as well as industrial-scale solar power projects in Finland, during the review period. In future, the NYAB transaction improves the ability of the group to expand the project development activities to Swedish markets as well.

The purpose of the Near Energy concept is to offer nearby produced renewable energy for local use for cities, municipalities, and industrial operators. Skarta is, for example, Atria’s partner in a project where a 45-megawatt wind farm is built adjacent to Atria’s production facility in Nurmo. The land use planning initiative for the project was approved in March, and the land use plan is intended to be completed at the end of 2023. In public sector, the Near Energy concept was advanced in Ylivieska, for example, where a carbon-neutral industrial park is intended to be built to the industrial region.

Solar power project development began in the group in November 2021, when it launched plans for constructing the largest solar farm in Finland to the municipality of Utajärvi, where it acquired more than a hundred hectares of disused peat bogs to implement the projects. During the first quarter, governmental aid has been applied for the projects, and potential investors and partners have been scanned. In March, the project development took a new significant step forward, as SkartaNYAB Plc made a collaboration agreement with Solarigo Systems Ltd, the leading developer of industrial solar power plants in Finland. The companies aim at building 1000 megawatts of solar power together in Finland and Sweden, and thus to become the leading operator in the sector in the Nordic countries.

In wind power construction, the group has concentrated on BoP projects, in which it is responsible for land improvement, foundations, and power network of the wind farm in a project-specifically defined scope. The position of the group in a value chain of energy projects was further strengthened in March, as Skarta Finland established a new electrical grid business unit. The more comprehensive service offering is seen, for example, in the 12-million-euro contract that was made in March regarding the construction of the new Lumivaara wind farm to the municipality of Hyrynsalmi in Kainuu. The scope of the project includes, in addition to the BoP entirety, the delivery of a substation and a transformer.

After the end of the review period, SkartaNYAB Group has made a new financing agreement of SEK 135 million. The loan facility has a maturity of four years and will be used for refinancing and working capital purposes. Thus, the new financing agreement enables reduction in interest expenses of the group and supports its future growth plans. The group has also continued its active order intake, which enables good volumes for the rest of the year.

Operating environment and risks

Most significant risks of SkartaNYAB Group regard the changes in the operating environment. Because of the war in Ukraine, changes have been sudden, and their prediction has become significantly more difficult than before. Especially, material prices have increased fiercely in a short term, and there have been occasional problems with their availability. However, as the costs somewhat increased already in 2021, focus on risk management had been already increased. The majority of group’s business operations for the rest of the year consist of activities in Swedish markets, where it is easier to hedge the costs risks contractually than in Finland, but all risks related to expenses cannot necessarily be eliminated. Fennovoima’s decision to suspend the nuclear power plant project at Hanhikivi may have effects on the result of Finnish operations, as there are receivables regarding previous projects at the working site.

The uncertainty affecting the operating environment is also seen in the number of new projects and investments. According to the Business Confidence Indicators released by the Confederation of Finnish Industries, confidence during the beginning of the year has decreased especially in the construction industry, because of which there may not be similar demand for new projects than before. However, a major part of the group’s projects in Sweden are done for the public sector, whose demand is subject to lower fluctuations than in the private sector. Also, in a longer term there is more demand for the services that the group offers. For example, in the Finnish government discussion on the fiscal plan the investments in green transition and domestic energy solutions have been underlined, in which case it has been considered necessary to speed up the permit processing of wind power projects, for example.

With the NYAB transaction, SkartaNYAB Group has even stronger position in Norrbotten region in Northern Sweden, where significant investments in green transition are in progress, and for example the production facilities that utilize renewable energy in the region have been estimated to employ approximately 10 000 employees. Because of the geopolitical situation, cooperation between Finland and Sweden has become increasingly important, which opens new business opportunities also for SkartaNYAB Group. Risks regarding the business operations of the group have been discussed in more detail in the annual report for the financial year 2021.

General meetings

SkartaNYAB Plc’s Extraordinary General Meeting was held on 17 March 2022. In the EGM, resolutions needed for the acquisition of all shares in NYAB Sverige AB were made, regarding the directed share issue with payment to NYAB Sverige AB’s prior shareholders, as well as approval of the corporate transaction. In addition, EGM decided to change the name of the company to SkartaNYAB Plc and change the Board of Directors of the company so that prior members Markku Kankaala and Jari Suominen continue as members, and Jukka Juola, Johan Larsson, Johan K Nilsson, Mikael Ritola, and Aarne Simula are elected as new members. The resolutions of the EGM came in force on 31 March 2022, when the Board of Directors, authorized by the EGM, decided on the closing of the NYAB transaction. In its organizing meeting, the new Board of Directors decided to elect Markku Kankaala the Chairman of the Board, and Johan K Nilsson the Vice Chairman.

SkartaNYAB Plc’s Annual General Meeting was held after the end of the review period, on 3 May 2022. In the AGM, usual matters belonging to the power of decision of the AGM were on the agenda, such as adoption of the financial statements and consolidated financial statements for the financial year 2021, discharging the persons, who were Board members and CEOs during financial year 2021, from liability, as well as election and remuneration of Board members and auditors. In addition, AGM decided to establish a shareholders’ nomination board that has a responsibility of preparing proposals to General Meetings regarding the members and remuneration of the Board of Directors. The nomination board consists of three members, of which three largest shareholders of the company are each entitled to appoint one.

Minutes of the general meetings are available in Finnish at https://skartanyab.com/hallinnointi/yhtiokokous/.

Share and shareholders

SkartaNYAB Plc’s total number of shares at the end of the review period was 702 641 888 shares. The number of shares includes the 414 244 098 shares that were directed to NYAB Sverige AB’s prior shareholders with the decision of the Board of Directors made on 31 March 2022, even though these shares were registered to the trade register after the end of the review period.

SkartaNYAB Plc had a total of 3097 shareholders that had been registered in the shareholder register of the company on 31 March 2022. The largest shareholders of the company, taking into account the share issue mentioned above, were Holding Investment Förvaltning I Luleå AB (a company under joint control of Board member and CEO Johan Larsson and Board and Executive Management Team member Mikael Ritola, ownership 33.5%), Andament Group Oy (a company under joint control of Chairman of the Board Markku Kankaala, Board member Jukka Juola, and Executive Vice President Tuomas Hirvonen, ownership 19.2%), Säthergrens Entreprenad AB (ownership 10.6%), Laisdalen Konsult AB (ownership 7.2%), and Mininvest Oy (ownership 3.8%).

Consolidated income statement

SkartaNYAB Plc Group (1000 euros) 1–3/2022(3 months) 1–3/2021(3 months) 1–12/2021(12 months)
REVENUE 11 613 782 41 645
Other operating income 718 0 1 305
Materials and services -8 622 0 -31 058
Personnel expenses -3 183 -492 -5 542
Other operating expenses -1 513 -354 -4 455
Depreciation, amortization, and reduction in value -1 364 -131 -2 733
OPERATING PROFIT (LOSS) -2 351 -195 -838
Financial income and expenses -102 -110 -3 906
PROFIT (LOSS) BEFORE APPROPROATIONS AND TAXES -2 455 -305 -4 744
Income taxes -122 0 -141
Minority shares 0 -4 0
PROFIT (LOSS) FOR THE PERIOD -2 578 -309 -4 884

Consolidated balance sheet

SkartaNYAB Plc Group (1000 euros) 31.3.2022 31.3.2021 31.12.2021
Intangible assets 220 939 1 709 36 769
Tangible assets 13 627 351 5 480
Investments 5 368 7 522 5 441
NON-CURRENT ASSETS 239 935 9 582 47 690
Stocks 2 860 0 1 806
Long-term receivables 53 0 368
Short-term receivables 46 932 446 22 790
Investments 35 0 35
Cash and cash equivalents 13 033 952 4 141
CURRENT ASSETS 62 914 1 398 29 141
TOTAL ASSETS 302 849 10 980 76 831
Subscribed capital 80 80 80
Reserves 272 609 17 045 75 109
Retained earnings -19 777 -14 005 -14 835
Profit (loss) for the period -2 578 -309 -4 884
TOTAL CAPITAL AND RESERVES 250 336 2 812 55 469
Appropriations 2 228 0 45
Provisions 19 0 31
Long-term loans 7 451 5 996 4 093
Short-term liabilities 42 815 2 172 17 192
TOTAL CREDITORS 50 366 8 168 21 285
TOTAL CAPITAL, RESERVES, AND LIABILITIES 302 849 10 980 76 831

Contacts

About SkartaNYAB Oyj

SkartaNYAB is a builder of a clean future with decades of experience in complex and demanding projects. Our strategy is based on a strong competence and expertise in specialized construction, and we aim at expanding our activities in the value chain of wind power, solar energy and hydrogen solutions towards the development, construction and ownership of overall projects in clean energy, where we see excellent growth potential. SkartaNYAB is headquartered in Oulu and it has more than 300 employees at different locations in Finland and Sweden.

SkartaNYAB Plc's Certified Adviser is Augment Partners AB, info@augment.se, phone +46 8 604 22 55.

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NYAB Plc’s financial statement release 2022 and management webcast

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NYAB Plc’s financial statement release 1 January – 31 December 2022: Strong organic growth continued in Sweden – Finnish operations turned profitable during the end of the year

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NYAB Plc and Andament Group Oy have signed a merger plan, whereby the company demerging from Andament Group Oy merges into NYAB Plc

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Over EUR 13 million in investment aid for Skarta Energy’s solar farm to be built in Utajärvi

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB and Energiequelle sign BoP contract for Mikonkeidas wind farm

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Plc: Judgement of the District Court regarding Mikkeli wastewater treatment plant projects (inside information)

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Plc: Change in the Executive Management Team

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NYAB Plc: Establishment of a joint venture with CapMan fund has been successfully completed

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NYAB approved as a builder of transmission lines in Fingrid’s supplier register

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB signs a contract to prepare for the construction of Aurora Line

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Skarta Energy and Solarigo’s 61 million euro solar farms project enabled by investment aid

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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SkartaNYAB renamed to NYAB

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SkartaNYAB Oyj – Managers’ Transactions

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Vastuullisuus noston kuva

SkartaNYAB establishes a joint venture with CapMan fund to construct renewable energy producing facilities exceeding 500 MW

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SkartaNYAB Plc raises its financial guidance for 2022 (inside information)

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SkartaNYAB Plc establishes a joint venture with CapMan fund to construct renewable energy producing facilities exceeding 500 MW (inside information)

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SkartaNYAB Plc: Resolutions of the Extraordinary General Meeting

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SkartaNYAB Plc’s business review 1 July – 30 September 2022: Strong growth despite a challenging operating environment

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SkartaNYAB Plc has started the process of establishing a joint venture for the development of renewable energy projects (inside information)

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SkartaNYAB Plc: Notice to an Extraordinary General Meeting

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SkartaNYAB Plc changes its name to NYAB Plc and sets strategic objectives for 2022-2024

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Composition of SkartaNYAB Plc’s Shareholders’ Nomination Board

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Fingrid concludes first solar power plant connection agreement with Skarta Energy – Utajärvi project moves forward

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Change negotiations to be launched at Skarta Finland Oy – the aim is to find ways to make operations more efficient, streamlined and achieve cost savings

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SkartaNYAB Oyj – Managers’ Transactions

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Skarta was accepted into Fingrid’s supplier register

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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NYAB was accepted into Fingrid’s supplier register

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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Skarta and Tohmajärvi municipality to begin cooperation – Eastern Finland’s largest energy project under planning

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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Utajärvi

Skarta’s Near Energy project in Utajärvi is progressing – action permit for a solar power plant and Horizon research funding from the EU

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Plc: Share issue directed to Power Forze AB’s shareholders has been executed and trading in new shares begins

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB strengthens its position on the energy construction market in Norrbotten by acquiring Power Forze AB

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Changes in SkartaNYAB Plc’s Executive Management Team

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SkartaNYAB Plc’s half-yearly report 1 January-30 June 2022: Profitable growth in Sweden – challenges in Finland

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SkartaNYAB Plc acquires Power Forze AB and arranges a directed share issue

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SkartaNYAB Plc lowers financial guidance for 2022 and publishes preliminary information on key figures of the first half of the year

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Sitema has been awarded ISO 9001, 14001 and 45001 certificates

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc: The final outcome of the personnel share issue 2022

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SkartaNYAB and Uusiutuva Energia Karahka Oy have signed a BoP agreement for a Karahka wind park in Oulainen

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SkartaNYAB and Uusiutuva Energia Karahka Oy have signed a BoP agreement for a Karahka wind park in Oulainen

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Skarta will build a wind farm in Pajuperänkangas with a new customer, ABO Wind

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Skarta signed a contract with SSAB regarding construction project of new office building, as well as research and laboratory facility, to Raahe plant

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Skarta and the Centre for Economic Development, Transport and the Environment for Lapland signed an extensive contract on the Jokikylä bridge in Oulu

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SkartaNYAB has signed a comprehensive framework agreement with the Swedish Transport Administration

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SkartaNYAB has signed a significant frame agreement with Swedish Transport Administration

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SkartaNYAB Plc establishes new share-based incentive plans

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Skarta signs two contracts with LKAB for the execution of infrastructure projects

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Skarta will be making everyday life effortless and clean also in Pirkanmaa – Skarta was awarded the contract for the building of pumping stations for Tampere Region Central Wastewater Treatment Plant

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SkartaNYAB Plc – Managers’ Transactions

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NYAB wins customer trust

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc publishes new long-term financial targets

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SkartaNYAB Plc: Resolutions of the Annual General Meeting

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SkartaNYAB has signed a financing agreement of SEK 135 million

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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NYAB signs extensive agreement with Piteå municipality

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SkartaNYAB Plc: Notice to the Annual General Meeting

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc: Annual report from financial year 2021 has been published

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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Magnus Granljung takes over as CEO of NYAB

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc: Trading in new shares began at First North marketplace

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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Johan Larsson appointed as CEO of SkartaNYAB Plc – also other changes in the management team

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SkartaNYAB Plc: Decisions of the Board of Directors’ organizing meeting

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SkartaNYAB Plc publishes pro forma information regarding the acquisition of NYAB Group

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SkartaNYAB Plc: Board of Directors decided on the closing of the NYAB transaction – changes in the name and members of the Board of Directors

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The strongest actors in solar energy to cooperate – Skarta and Solarigo aim to build 1,000 megawatts of solar power

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Skarta founded a new business unit – electrical grid business to complement the value chain

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NYAB moves cultural buildings on behalf of LKAB

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NYAB signs framework agreement with Huddinge municipality

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NYAB is awarded three projects in the Ore Fields

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Skarta Group Plc clarifies the structuring of the NYAB arrangement and timetable, and summons an Extraordinary General Meeting

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NYAB is awarded an energy project in Umeå

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NYAB is awarded the “Operating area Överkalix & Övertorneå” by the Swedish Transport Administration

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Tuulivoimalan perustukset raudoitustyön alkuvaiheessa Juurakon tuulipuistossa Kalajoella. Laadunvarmistus on olennainen osa työvaihetta, ja siihen mennessä työmaalla on dokumentoitu jo monta suunnitelmaa ja pöytäkirjaa.

Quality is the basis of everything for Skarta

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Skarta Group Plc joins forces with Swedish NYAB Group to step up the pace of building a clean future

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Skarta joins forces with Swedish NYAB Group to step up the pace of building a clean future

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Skarta, builder of a clean future, developed a model for the calculation of CO2 emissions that relate to the infrastructure of wind farms

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NYAB contracted for projects in Stockholm and Umeå

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Near Energy at the center of the development of Skarta’s energy business

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NYAB is awarded an infrastructure contract worth 130 million for Huddinge municipality

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Skarta aims at being at the forefront of hydrogen economy – acquires the first new-generation hydrogen car in Finland for its use

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NYAB wins assignments in the Stockholm area

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First of its kind in Finland – Skarta had a major role in the closure of the Hitura mine

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The bridge over Siikajoki, built by Skarta, was opened to traffic

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Skarta completed the construction work for the Jämsä central sewage treatment plant three months early

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Skarta starts building a wind farm for Puhuri – a third common project for markets in clean energy

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New project for Skarta in Metsä Group’s bioproduct mill site

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NYAB is building a wind farm in Kalajoki at full power

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Skarta has launched new financial targets and strategic main directions – Activities will be expanded towards overall projects in wind power, solar energy, and hydrogen solutions

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Trading in Skarta Group Plc’s new shares began on the First North marketplace

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Skarta’s journey to become a First North company is progressing according to plan – the Board of Directors to have strong expertise in the energy sector

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Skarta got an order worth MEUR 10 from LKAB

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Skarta to build the foundations for EPV Energia’s wind farm in Närpiö

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NYAB wins the Group’s largest contract of all time

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Kuvituskuva, nainen ja mies tietokoneella

Job opportunities at Skarta

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NYAB is awarded assignments by Nacka municipality and the Swedish Fortifications Agency in Kiruna municipality

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Skarta Group seeks momentum for growth on the stock market

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Skarta to partner with Atria on a major wind power project

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NYAB is building a new road and bridge for Skellefteå municipality

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Skarta Energy Oy to be a new wind power subsidiary

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NYAB is awarded a bridge contract in Stockholm

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Skarta Finland started work on the construction site of the Kemi bioproduct factory

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HS-Vesi invests in Paroinen treatment plant in Hämeenlinna

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VSB selected NYAB as the main contractor for the Juurakko wind farm

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