Inside information: The Finance Committee supports the proposal of the Ministry of Defence to acquire shell-tail assemblies of 120 mm mortars from Componenta for a value of approximately EUR 50 million

Componenta Corporation, insider information, 30 May 2024 at 4.30 p.m. EEST

Inside information: The Finance Committee has today voted in favour of the Ministry of Defence's proposal to acquire 120 mm mortar shell-tail assemblies from Componenta.

If the transaction is completed, deliveries to the Defence Forces would be scheduled for 2025–2028. The total value of the potential trade is approximately EUR 50 million, including an option worth approximately EUR 9 million for 2028. The completion of the transaction requires the approval of the Minister of Defence.

If realized, the potential transaction will not have an impact on Componenta's profit guidance for 2024.

 

COMPONENTA CORPORATION

Sami Sivuranta
President and CEO

For further information, please contact:
Sami Sivuranta, President and CEO, tel. +358 10 403 2200
Marko Karppinen, CFO, tel. +358 10 403 2101

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www.componenta.com

Componenta Corporation is an international technology company and Finland’s leading contract manufacturer in the machine building industry. Sustainability and customer needs are at the core of the company’s broad technology portfolio. Componenta Corporation manufactures components for its customers, which are global manufacturers of machinery and equipment. The company’s stock is listed on Nasdaq Helsinki. www.componenta.com