Condo Nordic Holding AB approved for listing at Spotlight Stock Market
Condo Nordic Holding AB (“The Company” or ”Condo Nordic Holding”) was established in 2023. The company have developed an accommodation concept through its Finnish-based subsidiary, Condo Finland Oy, founded in 2017. The concept is designed to provide a comfortable and homely living experience tailored to the needs of long-term residents who stay on-site for extended periods.
Condo Nordic Holding offers furnished apartments close to project and construction sites, serving a handful of client employees up to several hundred. While the Company's primary focus has traditionally been in rural areas in Finland, it also provides client solutions in major cities like Helsinki, Turku, and Tampere and continues to develop this business line. This flexibility and adaptability are vital to the Company's success in meeting its clients' diverse needs. Condo Nordic Holding’s strategy is to expand the turnkey apartment solutions in Finland and other Nordic countries to become a leading supplier of short-term rental apartments for companies. The Company primarily focuses on achieving growth through organic expansion and acquisitions. Operationally, the growth will be driven by actively developing the furnished apartment business in larger cities and the organic growth of the project accommodation business. Geographically, the Company is looking to enter the Swedish market through acquisitions, with other Nordic countries being carefully considered over the next 12-18 months.
The listing will provide the Company with shares as a currency in acquisitions, greater visibility, and opportunities for employee incentive programs, which will be instrumental in attracting and retaining skilled personnel.
Ville Valorinta, CEO of Condo Nordic Holding AB,
“The approval for Condo Nordic Holding AB (publ) to be listed on Spotlight Stock Market is a significant milestone for the company. It reaffirms our commitment to providing long-term accommodation solutions to clients within such sectors as energy, infrastructure, and construction. Looking ahead, we are pleased with the strong sales and cash flow we have experienced now, and we are optimistic about our prospects, especially with the secured agreements and projected sales for the upcoming months. We remain focused on delivering value to our clients and shareholders as we move forward with this exciting new chapter for Condo.”
Listing at Spotlight Stock Market
Condo Nordic Holding AB has been approved for listing at Spotlight Stock Market. The first day of trading will be the 8th of July 2024.
Information about the share
Short name: CONDO
ISIN: SE0020845089
First day of trading: 8th of July 2024
The Company’s website: www.condoholding.com
The Company’s memorandum will be published at www.spotlightstockmarket.com.
For more information, please contact:
Stina Larsson
Head of Listings, Spotlight Stock Market
+46 8-511 68 090
[email protected]
