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Partnera Oyj recently released its unaudited half-year report for January to June 2025, revealing significant developments in its strategic execution. The company has achieved 100% ownership of Foamit Group, marking a pivotal moment in its operational focus. The acquisition was completed in June 2025 and is intended to bolster the Group's market position in glass recycling and foam glass production, contributing to Partnera's long-term value creation goals.

In the first half of 2025, Partnera reported revenues of €18.7 million, alongside an operational loss due to various market pressures. Despite these challenges, the company is focused on enhancing its operational infrastructure and expanding its production capacity in Norway and Finland, aligning with its strategic objectives for sustainable growth.

Industry Overview in Finland

The construction industry in Finland faces ongoing challenges due to fluctuating market conditions, with experts predicting a continued downturn in residential construction for 2025. Nevertheless, the infrastructure market is expected to perform better, providing opportunities for growth, especially in public sector projects. With significant investments planned, the demand for materials and solutions from companies like Foamit Group remains promising.

In 2025, the infrastructure sector is projected to remain robust across the Nordics, driven by substantial public investments in large-scale construction projects. Foamit Group, which specializes in recycled glass products, is well positioned to capitalize on this demand, with a strategic focus on increasing production capacity and diversifying its product offerings.

Foamit Group's revenue for the first half of 2025 slightly declined compared to the previous year, but the company has seen a solid order backlog and a strong market presence in Norway and Finland. The ongoing demand for packaging glass and sustainable building materials reflects a broader trend towards circular economy principles in construction.

As the market landscape continues to evolve, Foamit Group aims to leverage its technological innovations and sustainable practices to distinguish itself amidst competition. The company has already initiated significant capital investments that will enhance its production efficiency and reduce environmental impact.

The Rationale Behind the Deal

Acquiring 100% ownership of Foamit Group allows Partnera to fully integrate its operations and streamline its strategic initiatives focused on glass recycling. This move aligns with Partnera’s commitment to increasing shareholder value while addressing the pressing need for sustainable building materials in construction.

The decision to deepen its investment in Foamit Group is also motivated by anticipated growth in the infrastructure market, which is expected to outpace residential construction in the coming years. As such, the strengthened position of Foamit Group is seen as critical for capturing market share and developing innovative solutions in a rapidly changing environment.

Information About the Investor

Partnera Oyj is an international business holding company listed on Nasdaq First North Growth Market Finland. The company's operational strategy is rooted in promoting sustainable growth through its subsidiaries by enhancing social and environmental impacts.

Under the leadership of interim CEO Jussi Lappalainen, Partnera continues to navigate market fluctuations while focusing on long-term opportunities. The company has a strong financial foundation, which enables it to invest in strategic projects aimed at reinforcing its competitive edge in the recycling industry.

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The acquisition of Foamit Group represents a significant strategic move for Partnera Oyj, as it consolidates its commitment to sustainability and operational excellence within the recycling sector. This approach not only reinforces the company’s market position but also aligns well with global trends favoring sustainable practices in construction.

Market analysts believe that despite current operational challenges and financial performance constraints, Partnera's long-term focus on innovation and growth projects will yield substantial benefits. The ongoing investments in production capacity are expected to bolster Foamit Group’s competitive advantage, particularly as demand for green materials grows.

In light of Finland’s robust infrastructure market forecasts and strategic investments, the decision to acquire complete ownership of Foamit Group could prove to be a lucrative venture. With a dedicated approach to expanding product offerings and enhancing operational capability, Partnera is well on its way to achieving its ambitious growth targets for 2028.

Overall, while short-term financial performance reflects ongoing industry struggles, the strategic acquisition, coupled with strong market dynamics, positions Partnera Oyj favorably for future expansion and sustainable profitability.

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