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valoe oyj (VALOE) Details

Valoe Oyj develops and sells solar energy technology products worldwide. It offers automated manufacturing plants and production lines for solar modules; conductive back sheets; back contact modules; solar power plants and systems; and module components. The company was formerly known as Cencorp Oyj and changed its name to Valoe Oyj in May 2015. Valoe Oyj was founded in 1948 and is headquartered in Mikkeli, Finland.

25 Employees
Last Reported Date: 05/15/19
Founded in 1948

valoe oyj (VALOE) Top Compensated Officers

CEO, President, MD & Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2017.
valoe oyj
Valoe Oyj Announces Board Appointments

Valoe Oyj announced that at its organizing meeting following the Annual General Meeting, Valoe's Board of Directors elected Hannu Savisalo as the Chairman and Ville Parpola as the Vice Chairman of the Board.

Valoe Oyj Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019

Valoe Oyj announced unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported net sales of EUR 43,000 against EUR 87,000 for the same period a year ago. Operating loss was EUR 839,000 against EUR 738,000 for the same period a year ago. Loss was EUR 1,338,000 against EUR 1,097,000 for the same period a year ago. Loss per share basic was EUR 0.08 against EUR 0.09 for the same period a year ago.

European Union Selects Valoe Oyj to Be a Part of the Consortium for its Horizon 2020 Research Project

Valoe Oyj announced that it has been informed that a research project of a consortium, which the company belongs to, has been selected for the European Union's Horizon 2020 funding. The objective of the research project is to substantially improve the competitiveness of the EU PV manufacturing industry by developing manufacturing solutions for high-performance and low-cost modules with excellent environmental profiles. This project duration is 36 months and the project's budget totals approximately EUR 15 million. The partners in the consortium include Europe's leading research institutes specialising in solar energy and related solutions, as well as the leading materials technology companies. Valoe is the only solar cell manufacturer in the project. Valoe's share in the project is approximately EUR 2 million, for which the EU would provide a grant of EUR 1.4 million. Also, at the project's preparation phase the parties agree on practical measures such as final roles and responsibilities between the parties. The preparation phase is expected to be completed during the last quarter of 2019 when the final project agreement will be signed.

 

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