Toivo Group Plc Aims to Transfer Its Shares to the Main Market of Nasdaq Helsinki
Toivo Group Plc, company release, insider information 4 April 2025 at 4:00 p.m.
The Board of Directors of Toivo Group Plc (the "Company"), a Finnish real estate developer and owner, has decided to pursue the transfer of the Company's shares to the Main Market of Nasdaq Helsinki Ltd ("Main Market") during 2025. This decision is based on objectives centered around accelerating business growth, increasing shareholder value, strengthening market confidence, and continuously improving processes.
The Company has performed well on the Nasdaq First North Growth Market Finland ("First North") despite challenging market conditions. The goal of the transfer to the Main Market is to accelerate development, capitalize on emerging opportunities in the real estate sector, and expand market share. At the same time, the Company continues to refine its strategy towards stronger growth.
The Company was listed on First North in 2021 and has since actively developed its governance model, reporting, and processes to meet the requirements of the Main Market. Moving to the Main Market supports the Company’s goal of increasing brand awareness and strengthening its credibility among all stakeholders.
The transfer also aims to improve share liquidity and attract a broader shareholder base, including new institutional investors. Listing on the Main Market aligns with the Company’s long-term growth strategy and reinforces its position as an attractive investment opportunity.
The Company has started preparations for the transition to the Main Market. The transfer is subject to regulatory approvals and completion of the listing process. A detailed schedule and further information will be communicated to the market in due course. The transfer to the Main Market will not include a share issue.
"Toivo Group Oyj has been listed on First North since 2021. During this time, we have significantly developed our operations and built a strong foundation for future growth. Now is the right time to take the next step and move to the Main Market," says CEO Markus Myllymäki.
Toivo Group Plc
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 847 6206
Certified Adviser: Nordic Certified Advisor
About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of project development and long-term 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 properties with its own team, from raw land development to tenancy agreement negotiations and property maintenance. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.
Toivo’s strategy is to develop properties in accordance with the Toivo concept. The properties aim for a strong development margin and a stable and attractive return, and in 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 in the real estate business.
Toivo’s revenue in 2024 was EUR 39,8 million and its operating profit was EUR 4,5 million.