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Orthex Oyj
OMXH:ORTHEX

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Orthex Oyj
OMXH:ORTHEX
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Price: 5.06 EUR Market Closed
Market Cap: 89.9m EUR

Orthex Oyj
Investor Relations

Orthex Oyj engages in the business of designing, producing, and selling of household products. The company is headquartered in Espoo, Etela-Suomen and currently employs 282 full-time employees. The company went IPO on 2021-03-25. Orthex’s products cover multifunctional assortment of storage boxes, kitchen products and products for home and yard. The firm markets and sells its products under three main consumer brands: SmartStore, GastroMax and Orthex. In addition, it sells externally produced kitchen products under the Kokskungen brand. The firm serves various customer types in retail, such as traditional convenience stores, specialty and hardware retailers, online stores, and department stores. Orthex Group has customers in 40 countries and on four continents. The company has three factories of its own in Finland and in Sweden.

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Earnings Calls

2024 Q1
May 15, 2024
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Orthex Q1 2024 Growth Amid Challenges
2024 Q1
May 15, 2024

Orthex had a strong start to Q1 2024, with net sales rising by 7.5%, reaching EUR 22 million. Adjusted EBITA grew by 12.6% to EUR 2.8 million, despite adverse conditions like high electricity costs and low consumer confidence. The company saw impressive growth in its core categories, particularly in storage solutions. Investments in product innovation and sustainability were significant, and international growth outside the Nordics also performed well. Orthex is on track with its strategy to dominate the European storage market while reinforcing its Nordic stronghold. The company maintains a solid balance sheet, preparing for future M&As.

Management

Mr. Alexander Rosenlew
CEO & Chair of the Management Team
No Bio Available
Ms. Saara Makela
CFO & Head of IT
No Bio Available
Ms. Hanna Kukkonen M.Sc.
Chief Marketing & Sustainability Officer and Head of Product Development
No Bio Available
Mr. Tom Ståhlberg
Chief Supply Officer
No Bio Available

Contacts

Address
ETELA-SUOMEN
Espoo
Suomalaistentie 7
Contacts