Boreo completed the sale of Estonian property
BOREO OYJ Investor news 6 March 2025 at 16:45 EET
Boreo completed the sale of Estonian property
Boreo’s subsidiary YE International AS has on March 6, 2025 signed an agreement to sell the property it owns in Tallinn to Integer Management OÜ. At the same time, the company has entered into a long-term lease agreement with the buyer for renting the premises. The sale is driven by the reorganization of Estonia's electronic component distribution business and the closure of the consumer business in spring 2024, which significantly reduced the company’s space requirements.
The agreed sale price is EUR 1.3 million. The capital gain from the sale (EUR 0.8 million) will be recorded in the results for the first quarter of 2025, with no impact on operational EBIT.
The transaction was completed on Thursday, March 6, 2025.
Vantaa, 6 March 2025
Boreo Plc
Kari Nerg
CEO
Distribution:
NASDAQ Helsinki Ltd
Principal media
www.boreo.com
For more information:
CEO Kari Nerg
+358 44 341 8514
CFO Jesse Petäjä
+358 40 706 9450
Boreo in brief:
Boreo is a company listed on Nasdaq Helsinki that creates value by owning, acquiring and developing small and medium-sized companies in the long-term. Boreo's business operations are organized into two business areas: Electronics and Technical Trade.
Boreo's primary objective is sustainable long-term profit generation. This is achieved with a business model that is based on the acquisition and ownership of great entrepreneurial companies with ability to generate sustainable long-term earnings growth and strong cash flows. The profits generated by the portfolio of companies are re-invested back to operations or to acquisitions with attractive expected returns on capital. The decentralized operating structure promoting culture of ownership and release of entrepreneurial energy is a core pillar of the firm’s business concept and sustainable earnings growth is ensured through the support and coaching of companies and the personnel.
The Group's net sales in 2024 were EUR 134 million and it employs over 300 people in seven countries. The company’s headquarter is in Vantaa.