Valoe Oyj (VALOE.HE)

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As of 4:32:30 AM GMT+3. Market Open.

Valoe Postpones the Disclosure of Its Financial Statement Release 2024

Valoe Corporation Stock Exchange Release 28 March 2025 at 16.40 Finnish time Valoe postpones the disclosure of its financial statement release 2024 until 30.4.2025. Reason for the postponement is that the results are not ready due to the uncertain situation of its restructuring process that has lasted since the beginning of December 2024 and the layoffs of the personnel. In Mikkeli 28 March 2025 Valoe Corporation Board of Directors For more information: Hannu Savisalo, Chairman of the Board, Val

GlobeNewswire 9 days ago

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Valoe's Financial Negotiations Continue. District Court Postponed the Proceedings of the Application to Suspend the Reorganization Proceedings to 4.4.2025

Valoe Corporation Inside Information 6 March 2025 at 11.20 Finnish time On 2.10.2024, attorney Pekka Jaatinen, the administrator of Valoe's corporate reorganization, filed an application with the North Savo District Court to suspend Valoe's reorganization proceedings. The North Savo District Court postponed the processing of the suspension application to a new district court hearing to be held on 4.4.2025. Valoe is in advanced negotiations with international investors regarding both an investmen

GlobeNewswire last month

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Changes in the Board of Valoe

Valoe Corporation Stock Exchange Release 3 March 2025 at 17.15 Finnish time Vice Chairman of the Board of Valoe Corporation (“Valoe”) Ville Parpola, Member of the Board Tuomas Honkamäki, Authorized Public Accountant, and Iikka Savisalo, Managing Director, have resigned from the Board of Valoe. Additionally, the Board agreed with Iikka Savisalo about his termination as the Managing Director of Valoe. Before the resignations of the Directors, the Board made a resolution to convene the Extraordinar

GlobeNewswire last month

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Valoe’s Financial Information and Annual General Meeting in 2025

Valoe Corporation Stock Exchange Release 19 December 2024 at 15.45 Finnish time In 2025, Valoe Corporation will publish a financial statements release, an annual report and a half-year financial report as follows: - Financial statements release 2024 on Wednesday 26 March 2025 - Half year report for January-June 2025 on Wednesday 27 August 2025 Valoe Corporation will not publish business reviews in 2025. The Annual Report 2024 will be published on the company’s home page during the week 18/2025 a

GlobeNewswire 3 months ago

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Valoe’s Financial Negotiations Have Advanced. District Court Postponed the Proceedings of the Application to Suspend the Reorganization Proceedings to 4.3.2025

Valoe Corporation Inside information 9 December 2024 at 18.15 Finnish time On 2.10.2024, attorney Pekka Jaatinen, the administrator of Valoe's corporate reorganization, filed an application with the North Savo District Court to suspend Valoe's reorganization proceedings. After reviewing the current situation of Valoe's financial negotiations, the North Savo District Court postponed the processing of the suspension application to a new district court hearing to be held on 4.3.2025. Valoe is in ad

GlobeNewswire 3 months ago

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Valoe Corporation Business Review January – September 2024

Valoe Oyj Business review 29 November 2024 at 20.20 THE THIRD QUARTER OF 2024 IN BRIEF Financial situation In July-September 2024, Valoe Group's turnover according to IFRS standards was EUR 0.0 million (EUR 0.2 million in 2023). EBITDA was approximately -0.4 million euros (-0.8 million euros), operating profit was approximately -0.8 million euros (-1.3 million euros) and the result for the period was approximately -0.9 million euros (-2.1 million euros). In January-September 2024, Valoe Group's

GlobeNewswire 4 months ago

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Valoe Postpones the Disclosure of Its Business Review

Valoe Corporation Stock Exchange Release 13 November 2024 at 18.15 Finnish time Unlike previously announced, Valoe Corporation will disclose its Business Review, July – September, by 30. November 2024. The Company has previously announced that the Report was scheduled to be published on 14 November 2024. Valoe postpones the disclosure because the Business Review has not yet been completed due to the restructuring proceedings in Valoe. In Mikkeli 13 November 2024 Valoe Corporation Board of Direct

GlobeNewswire 4 months ago

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The Administrator Applies for Suspension of Valoe’s Restructuring Proceedings. Valoe Continues Its Financing Negotiations.

Valoe Corporation Inside information 2 October 2024 at 21.15 Finnish time On 2 October 2024, Valoe Corporation’s (“Company” or “Valoe”) administrator, Mr Pekka Jaatinen, Attorney, submitted an application to the North Savo District Court to suspend the Company’s restructuring proceedings. According to the administrator’s view, the Company does not have sufficient certainty of the necessary financing. The Company continues its ongoing financing negotiations. If the Company manages to secure adequ

GlobeNewswire 6 months ago

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Valoe Corporation's Half-Year Financial Report January - June 2024

Valoe Corporation Half-Year Report 30 September 2024 at 19.10 Finnish time THE FIRST HALF OF THE YEAR 2024 IN BRIEF In January - September 2024, the net sales of Valoe Group, under the IFRS standards, were EUR about 0.2 million (in 2023 EUR 0.9 million). The EBITDA was about EUR -1.0 million (EUR -1.5 million), the EBIT was ca. EUR -1.7 million (EUR -2.4 million), and the profit for the period was ca. EUR -2.0 million (EUR -3.2 million). At the end of the reporting period, Valoe Group’s equity r

GlobeNewswire 6 months ago

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Valoe Has Been Filed for Bankruptcy on a Disputed Claim

Valoe Corporation Stock Exchange Release 5 September 2024 at 17.25 Finnish time Senior Vice President for Valoe Corporation’s (the “Company”) solar cell business in Lithuania, Mr. Jose Basso, has filed for the Company's bankruptcy. The application relates to claims arising from an agreement between the Company and Mr. Basso, with the claim amount being approximately EUR 60,000. The claims are disputed and Valoe intends to oppose the application. The agreement between the parties has been termina

GlobeNewswire 6 months ago

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Valoe Postpones the Disclosure of Its Half-Year Financial Report

Valoe Corporation Stock Exchange Release 28 August 2024 at 14.35 Finnish time Unlike previously announced, Valoe Corporation (“the Company) will disclose its Half-year Financial Report on Monday 30 September 2024. The Company has previously announced that the Report was scheduled to be published on 29 August 2024. Valoe postpones the disclosure because the Half-year Financial Report has not yet been completed due to the restructuring proceedings in the Company. In Mikkeli 28 August 2024 Valoe Co

GlobeNewswire 7 months ago

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The Deadline for Submitting Creditor Statements Extended in Valoe’s Restructuring Proceedings

Valoe Corporation Stock Exchange Release 29 July 2024 at 19.55 Finnish time In Valoe Corporation’s (“Company”) restructuring proceedings, the deadline for submitting statements concerning the draft restructuring programme expired on 22 July 2024. One of the creditors has requested an extension to the deadline for submitting statements, which the District Court of North Savo has granted until 15 August 2024. Mr Pekka Jaatinen, the administrator will be able to prepare the report on the claims and

GlobeNewswire 8 months ago

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Ilmarinen Has Withdrawn Its Bankruptcy Petition against Valoe. Valoe's Restructuring Proceedings Continue.

Valoe Corporation Inside Information 23 July 2024 at 17.35 Finnish time Valoe Corporation (“Company”) has paid its debt to Ilmarinen Mutual Pension Insurance Company. Ilmarinen has today withdrawn its bankruptcy petition against Valoe which the Company disclosed on 17 July 2024. Valoe’s restructuring proceedings continue. The administrator, Mr Pekka Jaatinen, Attorney, filed a proposal for the restructuring programme for the Company with the North Savo District Court on 24 June 2024. The deadlin

GlobeNewswire 8 months ago

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A Creditor Has Petitioned for Valoe’s Bankruptcy

Valoe Corporation Inside Information 17 July 2024 at 14.40 Finnish time Ilmarinen Mutual Pension Insurance Company has filed a petition for Valoe Corporation’s bankruptcy. The claim under the bankruptcy petition is approximately EUR 22,000. Valoe believes it will be able to pay the creditor's claim and continue with the restructuring proceedings. In Mikkeli 17 July 2024 Valoe Corporation Board of Directors For more information:Iikka Savisalo, President and CEO, Valoe Corporation Tel. +358 40 521

GlobeNewswire 8 months ago

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Resolutions of Valoe’s Annual General Meeting, Decision on a Follow-up Meeting, and Organising of the Board of Directors

Valoe Corporation Stock Exchange Release 28 June 2024 at 14.10 Finnish time Valoe Corporation's Annual General Meeting was held on 28 June 2024 in Mikkeli, Finland. The AGM approved the remuneration report for Valoe’s governing bodies. The resolution on the remuneration report is advisory. It was resolved that the Board of Directors will have four members. Hannu Savisalo, Industrial counsellor; Ville Parpola, lawyer; Tuomas Honkamäki, authorized public accountant; and Iikka Savisalo, CEO, contin

GlobeNewswire 9 months ago

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The Proposal for the Restructuring Programme for Valoe Has Been Filed with North Savo District Court

Valoe Corporation Inside Information 24 June 2024 at 21.00 (Finnish time) Valoe Corporation’s (”Company” or “Valoe”) administrator, Mr Pekka Jaatinen, Attorney, filed a proposal for the restructuring programme for the Company with the North Savo District Court on 24 June 2024. The objective of the restructuring programme is to restore the Company’s business, maintain its competitiveness in its industry and restructure the Company's debts only to the extent necessary to achieve the Company's rest

GlobeNewswire 9 months ago

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The deadline for Valoe’s restructuring programme extended until 24 June 2024

Valoe Corporation Stock Exchange Release 13 June 2024 at 16.05 Finnish time Valoe Corporation's ("the Company") restructuring proceedings commenced on 22 January 2024 by the decision of the District Court of North Savo. As announced on 19 April 2024, the draft of the Company's restructuring plan was to be submitted to the district court by 14 June 2024. In accordance with the request of the administrator Pekka Jaatinen, the District Court has further extended the deadline for submitting a draft

GlobeNewswire 9 months ago

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Notice to the General Meeting of Valoe Corporation

Valoe Corporation Notice to General Meeting 7 June 2024 at 16.50 Notice is given to the shareholders of Valoe Corporation to the Annual General Meeting to be held on 28 June 2024 at 11:30 (Finnish time) at the Concert and Congress Hall Mikaeli at Sointukatu 1, 50100 Mikkeli, Finland. The reception of persons who have registered for the meeting and the distribution of voting tickets will commence at 11:00 (Finnish time). A. Matters on the agenda of the General Meeting At the General Meeting, the

GlobeNewswire 9 months ago

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Valoe Corporation’s Business Review January – March 2024

Valoe Corporation Business Review 29 May 2024 at 15.50 Finnish time THE FIRST QUARTER IN BRIEF Financial Situation In January - March 2024, the net sales of Valoe Group, under the IFRS standards, were EUR about 0.1 million (in 2023 EUR 0.4 million). The EBITDA was about EUR -0.5 million (EUR -0.9 million), the EBIT was ca. EUR -0.8 million (EUR -1.3 million), and the profit for the period was ca. EUR -1.1 million (EUR -1.9 million). At the end of the reporting period, Valoe Group’s equity ratio

GlobeNewswire 10 months ago

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Valoe Corporation Has Negative Equity

Valoe Corporation Stock Exchange Release 27 May 2024 at 19.50 Finnish time The Board of Directors of Valoe Corporation has discovered that the company has negative equity and has filed a notice of the loss of share capital with the Finnish Trade Register. On 22 January 2024, Valoe entered into restructuring proceedings. A draft restructuring programme must be submitted to the court for approval by 14 June 2024. Valoe's Board of Directors estimates that the restructuring programme should signific

GlobeNewswire 10 months ago

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Valoe Oyj (VALOE.HE)

Valoe Postpones the Disclosure of Its Financial Statement Release 2024

Valoe's Financial Negotiations Continue. District Court Postponed the Proceedings of the Application to Suspend the Reorganization Proceedings to 4.4.2025

Changes in the Board of Valoe

Valoe’s Financial Information and Annual General Meeting in 2025

Valoe’s Financial Negotiations Have Advanced. District Court Postponed the Proceedings of the Application to Suspend the Reorganization Proceedings to 4.3.2025

Valoe Corporation Business Review January – September 2024

Valoe Postpones the Disclosure of Its Business Review

The Administrator Applies for Suspension of Valoe’s Restructuring Proceedings. Valoe Continues Its Financing Negotiations.

Valoe Corporation's Half-Year Financial Report January - June 2024

Valoe Has Been Filed for Bankruptcy on a Disputed Claim

Valoe Postpones the Disclosure of Its Half-Year Financial Report

The Deadline for Submitting Creditor Statements Extended in Valoe’s Restructuring Proceedings

Ilmarinen Has Withdrawn Its Bankruptcy Petition against Valoe. Valoe's Restructuring Proceedings Continue.

A Creditor Has Petitioned for Valoe’s Bankruptcy

Resolutions of Valoe’s Annual General Meeting, Decision on a Follow-up Meeting, and Organising of the Board of Directors

The Proposal for the Restructuring Programme for Valoe Has Been Filed with North Savo District Court

The deadline for Valoe’s restructuring programme extended until 24 June 2024

Notice to the General Meeting of Valoe Corporation

Valoe Corporation’s Business Review January – March 2024

Valoe Corporation Has Negative Equity