Toivo Group Plc’s annual report, Board of Directors’ report and financial statement for 2023 have been published

Company release 13 March 2024 9:00 a.m.

Toivo Group Plc’s (“Toivo” or “the Company”) annual report, Board of Directors’ report, financial statement and audit report for 2023 have been published. The Company has published it’s financial statements and audit report in English.

Materials are attached to this release and available on Toivo Group Plc’s website at https://investors.toivo.fi/en/reports_and_presentations

Toivo Group Plc

Board of Directors

Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 847 6206
[email protected]

Certified Adviser: Nordic Certified Adviser

About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of developing apartment lots, constructing housing and ownership of apartments. The Company’s business model is unique as Toivo’s business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of residential real estate with its own team, from raw land development to renting apartments. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.

Toivo’s strategy is to develop apartments in accordance with the Toivo concept. The apartments aim for a strong development margin and a stable and attractive return, and this way enable long-term ownership and the generation of higher additional value to Toivo’s customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo’s team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience.

Toivo’s revenue in 2023 was EUR 43,7 million and its operating profit was EUR -0,3 million.