Insider information, company release, May 6th 2025 17:40 p.m.
As part of a strategic shift, the company will replace the financial targets published on February 28, 2024, for the years 2024 - 2026 with new medium-term targets. The company will remove the financial targets for the year 2026 and will provide guidance for 2026 at the latest in conjunction with the 2025 financial statements.
Summary of previous targets:
- Operating profit excluding changes in the fair value of investment properties: 20 million euros in 2026
- Annual volume of development and construction: 100 million euros by the end of 2026
- Equity ratio: over 40%
- Aim for significant annual growth in net asset value per share (NAV/share)
The Board of Directors of Toivo Group Oyj reviewed and decided on the company's strategic focus areas and defined new medium-term targets at its meeting on May 6, 2025. The company will provide more details about the strategic shift as part of the Q1 business review to be published on May 7, 2025.
New medium-term targets:
- Annual volume (revenue and investments) grows on average by 20%
- Annual operating profit grows on average by 20%
- Equity ratio over 40%
- Dividend payments will take into account the company's investment needs and financial position. The company aims for a growing dividend. The company's goal is to distribute 30-50% of the fiscal year's profit as dividends.
The target update reflects Toivo Group's strategic focus on profitable growth, investor returns, and strengthening the balance sheet.
Toivo Group Plc
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 847 6206
markus.myllymaki@toivo.fi
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.
