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Talenom Oyj (TNOM.HE)

Helsinki - Helsinki Real-time price. Currency in EUR
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13.12+0.82 (+6.67%)
At close: 6:29PM EEST
Full screen
Previous close12.30
Open12.30
Bid13.02 x 0
Ask13.06 x 0
Day's range12.24 - 13.12
52-week range6.10 - 15.25
Volume47,658
Avg. volume61,533
Market cap566.99M
Beta (5Y monthly)1.18
PE ratio (TTM)56.80
EPS (TTM)0.23
Earnings date26 Oct 2020
Forward dividend & yield0.15 (1.13%)
Ex-dividend date04 Mar 2021
1y target est20.60
  • Globe Newswire

    Talenom expands through acquisitions in Sweden and raises its guidance regarding net sales

    Talenom Plc Inside information 18 March 2021 at 12:00 EETTalenom expands through acquisitions in Sweden and raises its guidance regarding net sales Talenom Plc has agreed to acquire Crescendo AB's accounting firm in Nacka and Progredo AB's accounting firm in Östersund and Åre. With these acquisitions, Talenom further strengthens its position in the Swedish market and expands its operations to two new municipalities, Östersund and Åre. Talenom believes that the acquisitions will support its organic growth in the new areas and also in the eastern part of Stockholm. The acquired businesses will be transferred to Talenom on 1 April 2021. The combined net sales of the of the acquirees in the period of last 12 months was approximately 2.3 million euros the (previous 12-month comparison period: 2.3 million euros) and operating profit approximately 0.3 million euros (the previous 12-month comparison period: 0.3 million euros). As a result of the acquisitions, Talenom revises its financial outlook and raises its guidance for 2021 regarding net sales. New guidance for 2021Net sales for 2021 are expected to amount to 78-82 million euros and operating profit is expected to be 14-16 million euros. Previous guidance for 2021 According to the previous guidance that was published in the Financial Statement Bulletin 2020 on 8 February 2021, net sales for 2021 were expected to amount to 75–80 million euros and operating profit was expected to be 14–16 million euros. Due to integration costs and the depreciation of the transaction price, the acquisitions will not increase operating profit for the financial year in the short term, especially as the business will be transferred to Talenom after the most profitable spring months. Completion of acquisitions The transactions will be carried out by acquiring the entire share capital of the companies and paid in the form of new Talenom Plc shares subscribed for in a directed share issue and with cash. The total combined value of the transaction prices is 2.2 million euros. The total value of possible additional purchase prices, if the operational and financial targets of the acquired businesses are reached, is 0.4 million euros at maximum. “I’m very pleased that the Crescendo and Progredo offices will strengthen our growth in Sweden. Our position in the Swedish accounting firm market is constantly strengthening. It’s great to have two excellent offices that have been operating very successfully with a clearly customer-oriented business model for a long time. By joining forces, we can offer entrepreneur customers in Östersund, Åre and Nacka even better service. At the same time, we are expanding opportunities to accelerate Talenom's business growth in Sweden. We warmly welcome these new accounting firms to Talenom,” says Otto-Pekka Huhtala, CEO of Talenom. "Both Crescendo and Progredo are actively working to promote the well-being and success of their customers. This customer-oriented approach has been the starting point for growing business operations in Sweden. Now we get significant expertise in our ranks, which strengthens Talenom's position as the closest advisor to its customers also in the international environment," says Tuomas Iivanainen, Director of International Business at Talenom. Financial information on the acquirees and purchase prices 1,000 eurosCrescendo ABProgredo ABTotalResults1-12/20201-12/20191-12/20201-12/20191-12/20201-12/2019Net sales1,2781,3891,0209522,2992,342Operating profit109149215110323260 Opening balance sheet of the transferring company, estimate6.4.20216.4.20216.4.2021Goodwill and other intangible assets000Other assets414378792Total assets 414378792 Equity135245380Non-current liabilities000Current liabilities278134412Total shareholders’ equity and liabilities414378792 Number of employees131225 Transaction price in cash4196901,110Transaction price in shares4196901,110Total transaction price8381,3812,219 Additional transaction price at maximum34549395 The figures have been converted from Swedish krona into euros by applying the rate on 16 March 2021 (EUR 1 = SEK 10.14). The 99,285 new Talenom shares subscribed for in the directed share issue related to the transaction will be registered in the Trade Register approximately on 8 April 2021. The total number of Talenom Plc shares is 43,465,622 shares following the registration of the new shares. The number of new shares issued corresponds to approximately 0.2% of all Talenom Plc shares outstanding before the new shares are issued. The new shares will carry shareholders rights as of their registration day. The shares issued in the share issue will later be admitted to trading on the stock exchange list of Nasdaq Helsinki Oy. TALENOM PLCBOARD OF DIRECTORS Further information:Otto-Pekka HuhtalaCEO, Talenom Plctel. +358 40 703 8554otto-pekka.huhtala@talenom.fi Talenom is an agile and progressive accounting firm established in 1972. Our business idea is to make day-to-day life easier for entrepreneurs with the easiest-to-use digital tools on the market and highly automated services. In addition to comprehensive accounting services, we support our customers’ business with a wide range of expert services as well as financing and banking services. Our vision is to provide unbeatable accounting and banking services for SMEs. Talenom has a history of strong growth – the average annual increase in net sales was approximately 15.5% between 2005 and 2020. At the end of 2020, Talenom had 912 employees in Finland and Sweden at a total of 47 locations. Talenom’s share is quoted on the main list of the Helsinki Stock Exchange. DISTRIBUTION:Nasdaq HelsinkiMain mediawww.talenom.fi

  • Globe Newswire

    New shares of Talenom Plc have been registered in the Trade Register

    Talenom Plc, Stock Exchange Release 8 March 2021 at 9:15 EET New shares of Talenom Plc have been registered in the Trade Register 14,750 new Talenom Plc shares subscribed with stock options 2016C have been entered in the Trade Register today on 8 March 2021. The total subscription price, EUR 11,652.50, will be fully recorded in the company’s invested unrestricted equity fund. After the registration of the new shares, the number of Talenom Plc shares is 43,366,337 shares in total. The new shares will carry shareholders rights as of their registration day. The new shares will be admitted to trading on the official list of Nasdaq Helsinki Oy approximately on 9 March 2021. TALENOM PLCBOARD OF DIRECTORS Further information:Otto-Pekka HuhtalaCEO, Talenom Plctel. +358 40 703 8554otto-pekka.huhtala@talenom.fi Talenom is an agile and progressive accounting firm established in 1972. Our business idea is to make day-to-day life easier for entrepreneurs with the easiest-to-use digital tools on the market and highly automated services. In addition to comprehensive accounting services, we support our customers’ business with a wide range of expert services as well as financing and banking services. Our vision is to provide unbeatable accounting and banking services for SMEs. Talenom has a history of strong growth – the average annual increase in net sales was approximately 15.5% between 2005 and 2020. At the end of 2020, Talenom had 912 employees in Finland and Sweden at a total of 47 locations. Talenom’s share is quoted on the main list of the Helsinki Stock Exchange. DISTRIBUTION:Nasdaq HelsinkiMain mediawww.talenom.fi

  • Globe Newswire

    Resolutions of Talenom Plc’s Annual General Meeting and organisational meeting of the Board of Directors

    Talenom Plc, Stock exchange release, 3 March 2021 at 13:15 EET Resolutions of Talenom Plc’s Annual General Meeting and organisational meeting of the Board of Directors The Annual General Meeting of Talenom Plc was held on 3 March 2021 in Helsinki. Shareholders and their proxy representatives could participate in the Annual General Meeting and exercise their shareholder rights only by voting in advance and by submitting counterproposals and asking questions in advance. It was not possible to participate in the meeting in person at the meeting venue. The exceptional procedure for the meeting was based on the temporary legislative act to limit the spread of the Covid-19 pandemic approved by the Finnish Parliament. The Annual General Meeting adopted the financial statements for the financial year ended 31 December 2020 and resolved to discharge from liability the members of the Board of Directors and the CEO. The use of the profit shown on the balance sheet and the payment of dividendsThe Annual General Meeting resolved that a dividend of EUR 0.15 per share will be paid for the financial year 1 January–31 December 2020. Undistributed profits shall remain in equity. The dividend will be paid to shareholders who on the dividend record date, 5 March 2021, are registered as shareholders in the company’s shareholders’ register maintained by Euroclear Finland Ltd. The dividend payment date is 12 March 2021. Dividend shall not be paid to treasury shares held by the company. Remuneration Report for governing bodiesThe Remuneration Report of governing bodies was presented to the Annual General Meeting. The Annual General Meeting resolved to support the Remuneration Report. The number and remuneration of members of the Board of DirectorsIt was resolved that a remuneration of EUR 6,000 per month will be paid to the Chairman of the Board of Directors and EUR 2,000 per month to other members of the Board of Directors. Additionally, the travel expenses of the members of the Board of Directors will be compensated in accordance with the company’s travel policy. The Annual General Meeting resolved that the number of the members of the Board of Directors shall be six. Election of members of the Board of DirectorsThe Annual General Meeting elected Harri Tahkola, Mikko Siuruainen, Olli Hyyppä, Johannes Karjula and Sampsa Laine as the members of the Board of Directors for a new term of office and elected Elina Tourunen as new member of the Board of Directors. Election and remuneration of the auditorThe Board of Directors re-elected KPMG Oy Ab, authorised public accountant organisation, as the auditor of the company. Juho Rautio, authorised public accountant, will continue as the principal auditor. The term of the auditor will run until the end of the next Annual General Meeting. The auditor will be remunerated according to the reasonable invoice approved by the company. Authorising the Board of Directors to decide on the repurchase of own sharesThe Annual General Meeting authorised the Board of Directors to resolve on the repurchase of a maximum of 150,000 own shares in the company in one or several tranches using the company’s unrestricted shareholders’ equity. The shares will be repurchased otherwise than in proportion to the shareholdings of the shareholders in public trading arranged by Nasdaq Helsinki Ltd for the market price at the moment of purchase. The authorisation remains valid until the closing of the next Annual General Meeting, but no longer than until 30 June 2022. The authorisation replaces the previous authorisation to repurchase own shares granted by the Annual General Meeting on 25 February 2020. Authorising the Board of Directors to resolve on share issues and issues of option rights and other special rights entitling to sharesThe Annual General Meeting authorised the Board of Directors to resolve on the issuance of shares and the issuance of special rights entitling to shares as referred to in Chapter 10 Section 1 of the Finnish Limited Liability Companies Act in one or several tranches, either against payment or without payment. The aggregate amount of shares to be issued, including the shares to be received based on special rights, must not exceed 2,100,000 shares. The Board of the Directors may resolve to issue new shares or to transfer own shares possibly held by the company. The maximum amount of the authorisation corresponds to approximately 4.8 per cent of all shares in the company. The Board of Directors is authorised to decide on all other matters related to the issuance of shares and special rights entitling to shares, including the right to deviate from the pre-emptive right of shareholders to subscribe for shares to be issued. The authorisation is used for the purposes of paying purchase prices of corporate acquisitions, share issues directed to personnel or share award schemes or to issue share options or for other purposes decided by the Board of Directors. The authorisation remains valid until the closing of the next Annual General Meeting, but no longer than until 30 June 2022. The authorisation revokes all previous unused authorisations to resolve on the issuance of shares, option rights and other special rights entitling to shares.Organisational meeting of the Board of DirectorsIn its organisational meeting held after the Annual General Meeting, the Board of Directors of Talenom Plc re-elected Harri Tahkola as Chairman of the Board of Directors. The Board of Directors has evaluated the independence of its members of the company and of significant shareholders as follows: Harri Tahkola is not considered to be independent of the company based on an overall assessment. In addition, he is not considered to be independent of significant shareholders, as he owns more than 10% of the shares in the company. Mikko Siuruainen is considered to be independent of the company and its significant shareholders. Olli Hyyppä is considered to be independent of the company and its significant shareholders. Johannes Karjula is considered to be independent of the company and its significant shareholders. Sampsa Laine is considered to be independent of the company and its significant shareholders. Elina Tourunen is considered to be independent of the company and its significant shareholders. TALENOM PLCBOARD OF DIRECTORS Further information: Otto-Pekka HuhtalaCEOTalenom Plctel. +358 40 703 8554 Talenom is an agile and progressive accounting firm established in 1972. Our business idea is to make day-to-day life easier for entrepreneurs with the easiest-to-use digital tools on the market and highly automated services. In addition to comprehensive accounting services, we support our customers’ business with a wide range of expert services as well as financing and banking services. Our vision is to provide unbeatable accounting and banking services for SMEs. Talenom has a history of strong growth – the average annual increase in net sales was approximately 15.5% between 2005 and 2020. At the end of 2020, Talenom had 912 employees in Finland and Sweden at a total of 47 locations. Talenom’s share is quoted on the main list of the Helsinki Stock Exchange. DISTRIBUTION Nasdaq HelsinkiMain mediawww.talenom.fi