Wetteri Plc Insider Information 3 February 2025 at 19.00
In a financing agreement between Wetteri Plc group's Themis Holding Oy subgroup and the financing bank, there are covenants that measure the amount of interest-bearing net debt divided by 12-month EBITDA and the equity ratio.
Based on unaudited figures, the covenants are not met in all respects on 31 December 2024. Wetteri has started negotiations with the financing bank on updating the conditions regarding the covenant clause of the financing agreement. The long-term portion of the financing under the financing agreement is treated in the financial statements as current liability in accordance with IAS 1.74.
Additional information
Aarne Simula, CEO and President, Wetteri Plc
Tel. +358 400 689 613, aarne.simula@wetteri.fi
Wetteri Plc - an entrepreneur-driven growth company in the automotive sector
Wetteri Plc is an entrepreneur-driven growth company in the automotive sector. The company engages in the retail sales of passenger cars, commercial vehicles and heavy vehicles, and produces maintenance and repair shop services for vehicles, from passenger cars to heavy vehicles. Headquartered in Oulu, the company has 50 locations in Finland. The company employs nearly 1,000 people, of whom around 70% work in maintenance and repair services. Wetteri promotes digitalisation in the automotive sector and is an important player on the common journey towards emission-free motoring. More information: sijoittajat.wetteri.fi/en/
