Stock Exchange The Finnish oil spill response company Lamor intends to list on the Helsinki Stock Exchange

Finn The oil spill response company Lamor says that it is planning to list on the Helsinki Stock Exchange’s First North Premier marketplace later this year with a listing issue of approximately EUR 30 million.

In a press release sent on Thursday, Lamor says it is aiming for a broader ownership base and more stable financing through listing. In this way, the company estimates that it will be able to better meet the increased demand.

Lamor is the world’s largest supplier of oil spill response equipment and one of the largest providers of oil spill response services.

Previously Lamor, which focuses on the manufacture of tools for cleaning up oil spills, has gradually expanded its operations to include large-scale solutions for waste and water treatment.

The company’s turnover was EUR 45.6 million last year, but growth is likely to be expected. The value of the company’s order backlog at the end of September was EUR 228 million, compared to EUR 23.8 million a year earlier.

“Our vision is to create a world of clean water and soil in our lifetime,” says Lamor CEO Mika Pirneskoski says in a press release.

Today In the year, the company’s growth has been boosted in particular by two contracts from the Middle East.

In March, the company signed a three-year agreement with the Saudi Arabian Environmental Protection Agency (NCEC) to build an oil spill response capability along the Red Sea coast.

Lamor also managed to get a slice of the Kuwait’s coastal clean-up project, which has a total value of about $ 3.3 billion.

In October, HS reported on contracts in the Middle East that have boosted Lamor’s growth.