Panostaja Oyj - Company Announcement

PANOSTAJA EXPANDS ITS BUSINESS INTO ORAL HEALTH CARE BY ACQUIRING 75% OF THE SHARES IN MEGAKLINIKKA AND ALSO ADJUSTS ITS RESULT MANAGEMENT

Panostaja Oyj                       Stock Exchange Bulletin February 27, 2015  
                              11.00 a.m. 

PANOSTAJA EXPANDS ITS BUSINESS INTO ORAL HEALTH CARE BY ACQUIRING 75% OF THE
SHARES IN MEGAKLINIKKA AND ALSO ADJUSTS ITS RESULT MANAGEMENT 

Panostaja Oyj has today signed an agreement for the purchase of shares in
Megaklinikka Oy, which offers oral health care services. The intention is to
make the transaction binding on the parties within two weeks. In the
transaction, Panostaja will buy a 75% share of the company. As a result of the
transaction, Panostaja expands its business operations and establishes within
the Group a new business area specializing in oral health care. 

Founded in 2010, Megaklinikka Oy is a company providing oral health care
services. The company is a dental clinic offering a completely new kind of
service concept. Its operations are based on a customer-centered approach in
which the customer is offered all dental care services in one visit, with top
quality and without having to queue. This customer-centered approach is also
supported by Megaklinikka's efficient IT system including an appointment
booking system, the development of which has been invested in since the
establishment of the company. The company's head office is located in Helsinki.
In 2014, Megaklinikka had net sales of MEUR 5.5 and it employs about 90 staff. 

The value of the company's entire 100% share capital is some MEUR 2.9, of which
Panostaja's share is 75%. The sellers also have the opportunity for an
additional purchase price of up to MEUR 1.0, which will be set based on the
operating margin for the 2015 and 2016 calendar years. 

Megaklinikka's key personnel will continue as minority shareholders with a 25%
stake in the company. Panostaja's aim is to build Megaklinikka into a company
that revolutionizes practices in the sector, and to expand business both in
Finland and internationally. 

 ”In the oral health care sector, there is a need to provide services that are
genuinely more customer-centered than before. Megaklinikka's service model
offers a solution to this. Megaklinikka has rapidly grown into a significant
and renowned player in the capital region and has good prospects for growth. We
are also convinced about the effectiveness and duplicability of this
revolutionary business concept both at home and abroad. It is interesting to
get involved in a consumer business with a completely new kind of service
model,” says Panostaja CEO Juha Sarsama. 

”We are happy to have found a renowned and reliable partner that values the
entrepreneurial spirit and with whom we can continue in the active development
of the company to the next stage. This is a very important as we expand our
operations onto the international market,” says Christoffer Nordström, Managing
Director of Megaklinikka. 


Panostaja's result management

Panostaja specifies its result management with regard to net sales. The Group's
net sales in the 2015 financial period are expected to be greater than in 2014
(MEUR 154.8). The Group's EBIT is expected to be on the same level as in the
2014 financial period (MEUR 10.2). 

Previous result management December 12, 2014. The Group's net sales and EBIT in
the 2015 financial period are expected to be at the same level as in the 2014
financial period (net sales MEUR 154.8 and EBIT MEUR 10.2). 

Megaklinikka Oy's net sales and EBIT in the financial periods January 1,
2014−December 31, 2014 and January 1, 2013−December 31, 2013 were as follows
(FAS): 

(EUR 1,000)

           January 1, 2014-December 31, 2014   January 1, 2013-
                                              December 31, 2013
Net sales                              5,533              5,598
EBIT                                     334                 50



The balance sheets in the financial statements on December 31, 2014 and
December 31, 2013 were as follows: 

(EUR 1,000)

                  December 31, 2014  December 31, 2013
Permanent assets              1,315              1,209
Stocks                          117                 72
Receivables and                 633                656
Liquid assets                                         
Total                         2,065              1,937





Equity (incl. capital loans)    192     16
Liabilities                   1,874  1,921
Total                         2,065  1,937



Panostaja Oyj

Juha Sarsama
CEO



Further information:

CEO Juha Sarsama +358 40 774 2099

Megaklinikka Oy Managing Director Christoffer Nordström +358 40 5251 231



Panostaja is an investment company developing Finnish SMEs in the role of an
active majority shareholder. The company aims to be the most sought-after
partner for business owners selling their companies as well as for the best
managers and investors. Together with its partners, Panostaja increases the
Group's shareholder value and creates Finnish success stories. After the
Megaklinikka transaction, Panostaja operates in nine business areas, and
Panostaja Group employs some 1,200 staff. Panostaja's shares (PNA1V) are quoted
on the Nasdaq Helsinki Stock Exchange. In the 2014 financial period, the
Group's net sales totaled MEUR 154.8. www.panostaja.fi