GreenGold Group released its Q3 report
Strong Q3 (compared with Q3 2024)
• EBIT: 3.1 MEUR, up from 2.3 MEUR (+38%)
• Free cash flow: 1.46 MEUR, up from 0.48 MEUR (+206%)
• Harvesting: +8%
• Change in forest value: +0.7 MEUR, up from –0.1 MEUR (sharp improvement)
Weaker 9M (compared with Jan–Sep 2024)
• Net sales: 10.9 MEUR, down from 15.2 MEUR (–28%)
• Underlying EBIT: 7.1 MEUR, down from 10.1 MEUR (–30%)
• Reason: lower harvesting in Romania due to delayed forest management plans
Value & balance sheet (YoY)
• NRV/share: 70.3 EUR, up from 66.5 EUR (+6%)
• Forest assets: 729 MEUR, up from 669 MEUR (+9%)
• Cash: 6.4 MEUR + 10 MEUR unused credit facility
Strategic
• The result was strengthened by land sales and an increase in forest value
• 200 ha acquired in Q3
• Carried out a directed share issue after the quarter: 3.8 MEUR, 55,125 new shares, subscription price 69 EUR/share
Blykalla in top-level delegation to Canada
Took part in a state business visit with the royal family and the government – focusing on energy, AI and industrial cooperation.
Voi Fewer cars – more e-scooters
According to a new global user survey from Voi, 4 in 10 users drive less thanks to micromobility. The share of users aged 45+ is growing fast.
Wesports IPO: valued at 2.2 billion
IPO price set at SEK 80 per share. Listing on Nasdaq First North Premier on 9 December. Cornerstone investors include DNB, Handelsbanken and Svea Bank.
Virtune Strategic growth on several fronts
Partnership with Smartbroker (Germany)
Virtune's crypto products are now available without brokerage fees for monthly savings on Smartbroker – aimed at both retail and institutional investors.
Expansion in Norway
Ski legend Petter Northug becomes a new ambassador as Virtune increases its presence in Norway. Focus: accessible and regulated crypto exposure. Index rebalancing in NovemberAltcoin Index ETP: Reweighting to 10% per asset. November return: –5.09%.Coinbase 50 Index ETP: Bitcoin down to 50%, Ethereum to 27.65%. November return: –12.24%.
Change of NAV data source
From 4 December, BITA is used instead of CCData for NAV calculation in single-asset ETPs. No impact on product value or trading.
Quartr + NAVER: Global IR revolution
A partnership with NAVER, South Korea's largest search engine, enables real-time access to earnings calls, M&A and investor presentations for millions of users.
Stegra steelworks: Railway completed ahead of schedule
6 km of new rail connection to the Malmbanan iron ore line in Boden is complete – a step towards increased capacity and optimised logistics.
