Canatu wins 2024 Listing Award
The deep technology company and specialist in advanced carbon nanotubes has been awarded the 2024 Listing Award at the Finnish Stock Exchange Gala, which recognises the best publicly listed companies.
Canatu, headquartered in Vantaa, Finland, is a rapidly growing deep-technology company that develops advanced carbon nanotubes (Canatu CNT), along with related products and manufacturing equipment, for the semiconductor, automotive and medical diagnostics industries.
The Stock Exchange Gala jury justified Canatu’s award with the following remarks: "Canatu is a perfect example of the kind of company the Helsinki Stock Exchange needs more of. Focused on the semiconductor industry, Canatu demonstrates top-tier engineering expertise and cutting-edge technology, as well as the ability to promote, sell and pursue aggressive growth. The company has successfully delivered on its ambitious growth promises: between 2020 and 2023, Canatu achieved an average annual growth of 108%. Furthermore, Canatu executed the listing process excellently, despite not having the resources of a large company."
In 2024, the company expects its revenue to grow to €20 to 25 million, up from €13.5 million in 2023.
Future economic growth
"The listing award is one of the most significant honours at the Stock Exchange Gala because newly listed companies foreshadow future economic growth. Growth-oriented Canatu is a great example of the potential and determination for growth that exists in Finnish companies and our domestic stock exchange," says Sari Lounasmeri, CEO of the Finnish Foundation for Share Promotion.
When selecting the recipient of the Listing Award, all companies listed on the main list of the Helsinki Stock Exchange or the First North Growth Market are evaluated. The companies are ranked based on quantitative metrics that reflect the success of their listing (e.g., growth in the number of shareholders, proportion of equity investors among owners). When choosing the winner, the jury also emphasises qualitative factors, such as the company’s operations and listing communications.
Ready for the stock exchange in only 73 days
"This is a great recognition of our successful listing. We are extremely delighted and grateful for the feedback we have received," says Canatu CEO Juha Kokkonen. "The listing process progressed at a record-breaking pace – the company was prepared for the stock exchange in only 73 days, from the announcement in July to the listing in September. A big thank you to the entire team and the stock exchange for making this possible. Through the listing, we have gained an exceptionally strong board with extensive experience in developing growth companies. We are proud to bring to the Helsinki Stock Exchange a truly unique company at the forefront of EUV technology in the semiconductor industry."
The Listing Award was presented at the Stock Exchange Gala by Sari Elonheimo, Chair of the Board at PwC Finland. In previous years, the award has been given to the asset management company Mandatum, wood industry products manufacturer Koskise and Spinnova, a developer of recycled fibres for the textile industry.
The Stock Exchange Gala annually recognises the best publicly listed companies and their key individuals from the owner’s perspective in six categories: Listing, Chair of the Board, Nomination Committee, Sustainable Growth Achiever, Investor Relations Officer and Best Investor Pages. Additionally, the Young Investor Award is presented to an active investor under the age of 23 who is passionate about stock investing and shares knowledge about it with others.
About Canatu
Canatu is a fast-growing deep technology company creating advanced carbon nanotubes (Canatu CNTs), related products and manufacturing equipment for the semiconductor, automotive and medical diagnostics industries. Canatu’s versatile platform technology has broad potential applications. Its current core includes CNT membranes for extreme ultraviolet (EUV) processes in the semiconductor industry, enabling the manufacturing of the most advanced chips, as well as film heaters for advanced driver-assistance systems (ADAS) in the automotive industry. Additionally, electrochemical sensors for medical diagnostics are in the development phase. Canatu’s patented CNT reactors and Dry Deposition method yield clean and pristine CNTs. The company operates through two business models: selling CNT products directly, as well as selling CNT reactors and licensing the related technology so that customers can produce CNT products under a limited license. Headquartered in Finland, Canatu also operates in the US, Japan and Taiwan. Founded in 2004 as a spin-off from Aalto University’s Nanomaterials Group, Canatu currently has around 130 employees representing over 30 nationalities, with 20% holding or pursuing doctorates.
Source: Canatu
Caption: The Stock Exchange Gala annually recognises the best publicly listed companies and their key individuals from the owner’s perspective in six categories: Listing, Chair of the Board, Nomination Committee, Sustainable Growth Achiever, Investor Relations Officer and Best Investor Pages. (Image: Canatu/Mikko Mäntyniemi)
www.canatu.com