Valoe Oyj Logo

Valoe Oyj

ISIN: FI0009006951 | Ticker: VALOE | LEI: 743700P8A4M2MREWN035
Country: Finland

About Valoe Oyj

Company Description

Valoe Oyj is a Finnish technology company specializing in photovoltaic technology. The company is developing new efficient methods to generate renewable solar electricity in an innovative way.

Valoe Oyj manufactures IBC solar cells in Vilnius, Lithuania, and conventional and Valoe OddForm® PV solar modules in Juva, Finland. Valoe also installs photovoltaic systems either as traditional solar power plants or as systems integrated into its application. Valoe has developed its own production lines and also offers photovoltaic technology and equipment to its customers.

Since 1999, Valoe's shares have been listed on the NASDAQ OMX Helsinki Exchanges.

Year founded

1948

Served area

Europe

Headquarters

Insinöörinkatu 5, 50150 Mikkeli – Finland

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 16,308,000.00 17,182,000.00 15,449,000.00
Noncurrent Assets N/A 14,524,000.00 14,368,000.00 13,407,000.00
Property Plant And Equipment N/A 9,858,000.00 10,447,000.00 10,598,000.00
Goodwill N/A 441,000.00 441,000.00 441,000.00
Intangible Assets Other Than Goodwill N/A 3,544,000.00 2,798,000.00 2,022,000.00
Noncurrent Receivables N/A 672,000.00 672,000.00 336,000.00
Current Assets N/A 1,784,000.00 2,814,000.00 2,042,000.00
Inventories N/A 444,000.00 465,000.00 361,000.00
Trade And Other Current Receivables N/A 905,000.00 2,334,000.00 1,445,000.00
Cash and cash equivalents 7,000.00 435,000.00 15,000.00 236,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale N/A 9,000.00 9,000.00 9,000.00
Equity And Liabilities N/A 16,308,000.00 17,182,000.00 15,449,000.00
Equity -3,284,000.00 -2,525,000.00 -1,036,000.00 -6,277,000.00
Issued Capital N/A 80,000.00 80,000.00 80,000.00
Retained Earnings N/A -29,535,000.00 -33,887,000.00 -41,051,000.00
Liabilities N/A 18,833,000.00 18,218,000.00 21,725,000.00
Noncurrent Liabilities N/A 12,049,000.00 9,710,000.00 8,116,000.00
Longterm Borrowings N/A 7,944,000.00 7,080,000.00 6,576,000.00
Current Liabilities N/A 6,785,000.00 8,508,000.00 13,609,000.00
Current Provisions N/A 226,000.00 89,000.00 104,000.00
Trade And Other Current Payables N/A 4,128,000.00 2,154,000.00 4,854,000.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 1,964,000.00 5,211,000.00 5,002,000.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 1,621,000.00 2,148,000.00 1,305,000.00
Other Income 68,000.00 538,000.00 94,000.00
Profit Loss From Operating Activities -3,277,000.00 -3,173,000.00 -5,587,000.00
Finance Income 0.00 2,000.00 2,000.00
Finance Costs 1,645,000.00 1,605,000.00 2,083,000.00
Profit Loss Before Tax -4,922,000.00 -4,776,000.00 -7,668,000.00
Income Tax Expense Continuing Operations 0.00 0.00 0.00
Profit (loss) -4,922,000.00 -4,776,000.00 -7,668,000.00
Profit Loss Attributable To Owners Of Parent -4,922,000.00 -4,776,000.00 -7,668,000.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A -4,922,000.00 -4,776,000.00 -7,668,000.00
Adjustments For Decrease Increase In Inventories N/A 3,000.00 -191,000.00 87,000.00
Adjustments For Provisions N/A -23,000.00 -137,000.00 15,000.00
Adjustments For Unrealised Foreign Exchange Losses Gains N/A -2,000.00 -1,000.00 -2,000.00
Other Adjustments For Noncash Items N/A -52,000.00 -177,000.00 361,000.00
Other Adjustments To Reconcile Profit Loss N/A -269,000.00 -503,000.00 0.00
Cash Flows From Used In Operations N/A -2,207,000.00 -2,397,000.00 N/A
Interest Paid Classified As Operating Activities N/A 325,000.00 373,000.00 281,000.00
Interest Received Classified As Operating Activities N/A 0.00 1,000.00 0.00
Cash Flows From Used In Operating Activities N/A -3,415,000.00 -4,384,000.00 -1,615,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 1,062,000.00 0.00 N/A
Proceeds From Government Grants Classified As Investing Activities N/A 1,382,000.00 0.00 1,262,000.00
Cash Flows From Used In Investing Activities N/A -1,527,000.00 -1,989,000.00 -57,000.00
Proceeds From Issuing Shares N/A 1,854,000.00 0.00 N/A
Cash Flows From Used In Financing Activities N/A 5,370,000.00 5,952,000.00 1,892,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 428,000.00 -420,000.00 220,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 0.00 0.00 0.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 428,000.00 -420,000.00 220,000.00
Cash and cash equivalents 7,000.00 435,000.00 15,000.00 236,000.00

Please note that some sums might not add up.

Filings & Publications

2021

Report
Q1
H1
Q3
FY
Consolidated Report
FIN
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

FI0009006951

LEI

743700P8A4M2MREWN035

Sector

Industrials

Industry Group

Capital Goods

Industry

Electrical Equipment

Sub-Industry

Electrical Components & Equipment

Listed Stock Exchange

Nasdaq Stockholm

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