SATO has elected Finland as its Home Member State for the disclosure obligation of periodic information
29 February 2016
SATO Corporation, Company Announcement, 29th February 2016 at 8:25 am
SATO Corporation ("SATO") confirms that it has elected Finland as its Home Member State for the disclosure obligation of periodic information under Chapter 7, Section 3 of the Finnish Securities Markets Act (746/2012) and the EU Transparency Directive.
Bonds issued by SATO are traded and listed on the official lists of both Nasdaq Helsinki and the Irish Stock Exchange.
For more information please contact:
SATO Corporation
Group Treasurer Janne Runsamo, p. +358 45 671 3567
SATO is one of Finland's leading rental housing providers. SATO's aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. All told, SATO holds roughly 23,600 rental homes in Finland's largest growth centres and in St Petersburg.
In our operations, we promote sustainable development and initiative-taking, and work in open interaction with our stakeholders to create added value. We operate profitably and with a long-term view. We increase the value of our housing property through investments, divestments and repair work.
SATO Group's net sales in 2015 were €323.4 million, operating profit €196.5 million and profit before taxes €159.4 million. SATO's investment properties have a value of roughly €2.8 billion.