Danske Bank is acting as the Global Coordinator in Puuilo Plc’s (”Puuilo”) initial public offering and listing of shares on the official list of Nasdaq Helsinki.
Below is an overview of key dates in connection with the initial public offering and listing of shares as well as links to prospectus, marketing brochure, web subscription and eBanking services (only for Danske Bank’s customers).
Puuilo in brief
Puuilo is a Finnish retail store chain established in 1982, known in particular for its wide product assortment, low prices, good store locations and convenient shopping experience. The Company is focused on, in particular, do-it-yourself, household and pet products. As at 30 April 2021, Puuilo had 32 stores across Finland and a rapidly growing online store, which is an important part of Puuilo's omnichannel approach.
Puuilo offers its customers a wide and carefully selected product assortment in ten product categories: building, tools, HVAC and electric supplies, pet food and accessories, car accessories, groceries, household products, garden supplies, free-time and other products, and services. Puuilo actively manages its product assortment through a central organisation and its product offering includes approximately 30,000 active branded and private label stock-keeping units (SKUs). The Company offers its entire active product assortment in all of its stores with the aim of making shopping easier and improving the shopping experience.
Due to its successful store concept, Puuilo has become one of the leading players in the Finnish discount retail market, and it is one of the largest retailers in Finland focusing on consumer goods, measured by net sales.
The Company has grown strongly, with an average annual net sales growth (CAGR) of 32.4 percent between the financial year ended 31 January 2019 and the financial year ended 31 January 2021. Like-for-like store net sales growth of the Company has also been strong during the same period amounting to 5.6 percent for the financial year ended 31.1.2020 and 24.4 percent for the financial year ended 31.1.2021. Puuilo’s net sales for the financial year ended 31 January 2021 amounted to EUR 238.7 million, adjusted EBITA to EUR 43.2 million and profit for the period to EUR 28.8 million. Puuilo’s average number of personnel for the three months ended 30 April 2021 was 628.