Eevia Health

Logotype for Eevia Health
Ticker/ISIN
EEVIA
FI4000496658
Marknad/Land
Spotlight
Sweden

Om Eevia Health

Eevia Health är verksamt inom life science. Bolaget erbjuder produktionsprotokoll och procedurer för att leverera ekologiska produkter till internationella kunder. Produkterna säljs till företagskunder och inkluderar ingredienser till producenter av kosttillskott, livsmedel och kosmetika på global basis. Produkterna innefattar exempelvis blåbär, chaga-svamp och tallbark. Eevia Health grundades 2017 och har sitt huvudkontor i Seinäjoki, Finland.

Senaste sammanfattade pressmeddelande från Eevia Health

Eevia Health Plc has announced new sales orders totaling EUR 49,800 for its organic bioactive ingredients, including elderberry, pine bark, bilberry, and tart cherry extracts. These sales occur during a challenging period for the company but positively impact short-term liquidity and demonstrate ongoing customer demand. All products are available from inventory, ensuring immediate delivery and supporting cash flow improvements. CEO Stein Ulve highlighted the orders as evidence of the company's strong product portfolio and market trust, which align with Eevia's plans to restructure operations and relocate production to more supportive regions. Eevia Health, founded in 2017, focuses on sustainably extracted bioactive compounds for global health challenges and operates a modern production facility in Finland. The company is listed on the Spotlight Stock Market in Sweden.
Eevia Health has received HALAL certification from HQC, confirming that its production processes and select product lines meet international HALAL standards. This certification allows Eevia to expand into markets where HALAL compliance is essential, such as parts of the Middle East, Southeast Asia, and North Africa, as well as among HALAL-conscious consumers in Europe and North America. Eevia's core range of organic extracts, including elderberry and bilberry, are now HALAL-compliant, aligning with global demand for certified natural health ingredients. The certification supports Eevia's commitment to quality and market growth, as the company restructures to better serve strategic markets. Eevia Health, founded in 2017, produces organic plant extracts from Finnish and Swedish forests, focusing on gut and related health. It operates a green-chemistry facility in Finland and is listed on the Spotlight Stock Market in Sweden. For more information, contact Stein Ulve, CEO, or visit their website.
Eevia Health has been repositioning for global growth after losing a significant portion of its revenue from a major U.S. customer in 2023. The company is now working with several global nutraceutical brands and focusing on polyphenol-rich botanical extracts from Arctic plants. Eevia plans to close its manufacturing site in Finland due to a lack of public and non-dilutive funding and move production to BIOTEP in Tromsø, Norway, which offers advanced facilities and reduced costs. This move will impact up to eight employees in Finland, but Eevia will maintain its core functions in sales, R&D, and market development. The partnership with Nofima and BIOTEP will allow Eevia to optimize production and innovate without major upfront investments. Eevia aims to improve profitability and sustainability by converting side-stream materials into sellable products. The company is focused on restoring profitability and cash flow through strategic moves and partnerships. Eevia Health specializes in sustainable bioactive extracts from Nordic plants and berries, offering ingredients for gut health, cellular protection, and inflammation, and operates a modern production facility in Finland.
Eevia Health Plc, a company specializing in sustainable bioactive extracts, is facing ongoing liquidity challenges. Despite reducing operating costs and recovering some revenue after losing a major customer in July 2023, the company continues to struggle financially, operating with negative EBITDA. Eevia has conducted two rights issues, raising nearly €2 million in equity, but has been unable to secure non-dilutive funding from Finnish institutions, with several funding applications rejected. The management has been working on a turnaround plan involving new sales contracts and cost optimization, but the lack of financial backing has led to some investors withdrawing support. Eevia plans to shift R&D and production to more supportive regions to address funding gaps. The company is implementing an urgent plan to generate cash by selling inventory, reducing costs, and seeking a bridge loan. Eevia sees commercial opportunities through recent sales contracts but needs capital to realize them. The company aims to reorganize privately, avoiding public restructuring. Audit processes have been delayed due to financial uncertainties, and asset valuations are being conservatively adjusted. Despite these challenges, Eevia remains committed to protecting shareholders and creditors and continues to explore strategic options.
Vitafoods är en viktig mötesplats för nutraceutisk industri, med över 21,500 deltagare från mer än 160 länder. I år hölls evenemanget i Barcelona. Eevia lanserade sin nya produkt FENO-ARONIA™ 50 Organic, en hälsosam ingrediens med hög koncentration av bioaktiva polyfenoler, vilket genererade stort intresse och två snabba beställningar. Eevia ingick också ett långsiktigt avtal om FENO-CHAGA™ Organic med en strategisk partner. Företaget överväger ett råmaterialpartnerskap och fick stöd från styrelseledamoten Dr. Diane Clayton under evenemanget. Eevia Health Plc, grundat 2017, tillverkar organiskt certifierade växtextrakt från finska och svenska skogar. Produkterna säljs globalt som ingredienser till kosttillskott och livsmedelsmärken. Eevia är listat på Spotlight Stock Market i Sverige sedan juni 2021.
The Corporation, a leader in specialty ingredients for health, beauty, and wellness industries, has entered a new global supply agreement with Eevia after a 20-month collaboration. This partnership, which began with a non-disclosure agreement in October 2023, involved feasibility studies and trials confirming the safety and readiness of Feno-Chaga™ Organic, an extract from Chaga mushrooms. The five-year agreement includes minimum sales volumes and quality standards, with the Partner responsible for marketing and sales. Eevia will focus on manufacturing while the Partner handles clinical research and market expansion. This arrangement allows Eevia to grow revenue and allocate resources to other products. For more details, contact Stein Ulve, CEO of Eevia Health.
In the first quarter of 2025, Eevia reported a 78% increase in net sales revenues compared to the previous quarter, although there was a 30% decrease compared to the same quarter in 2024. The company has seen a positive underlying sales trend over the past six quarters and has developed a new product category called "High-Strength Extracts." Gross profit increased by 87% from the previous quarter, with a gross margin of 59%. Management focused on reducing fixed costs, resulting in decreased personnel and operating expenses. However, EBITDA was negative at KEUR -166, and the net result after tax was KEUR -499. Cash flow from operations was negative, partly due to reduced payables. A rights issue was completed to address a funding gap, but further funding measures are being prepared. Inventory write-downs for 2024 were made after the Year-End Report. Plans for a new manufacturing facility in Finland are on hold, with a focus on improving the existing facility in Kauhajoki. The divestment of IP related to Retinari™ was completed, and Marinus Blåbjerg Sørensen was elected to the Board.
Eevia Health Plc, based in Seinäjoki, Finland, has announced changes to its financial calendar. The Interim Report for Q1-2025 will now be published on May 20, instead of May 18, to avoid a Sunday release and to ensure Board approval beforehand. The statutory financial statements and auditor’s report will be released on June 10, 2025. The Annual General Meeting will take place on June 27, 2025, with the notice being published on June 10. Eevia Health, founded in 2017, produces bioactive compounds from plant materials, primarily wild-harvested from Finnish and Swedish forests. The company is known for its organically certified extracts and operates a production facility in Finland. Eevia is listed on the Spotlight Stock Market in Sweden. For more information, contact CEO Stein Ulve or visit their website.

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Press release from Companies: Eevia Health Plc Gains Traction for Lead Pipeline Products with Two North American Industry Leaders

Eevia Health is progressing in its product development with plans to start clinical studies for MaxBIOME™ and ProRENIS™, targeting gut and kidney health, respectively. These products are aimed at the growing global nutraceutical market, with a goal to launch by 2026. Eevia has signed Letters of Intent with two established nutraceutical companies, indicating a mutual interest in exploring commercial agreements and market strategies after clinical trials. Erik Eide, Eevia's Commercial Director, highlighted the strong interest from these potential partners, which supports the commercial potential of Eevia's products. Eevia Health, founded in 2017, produces bioactive compounds from sustainably harvested plant materials, primarily from Finnish and Swedish forests. The company is committed to environmentally friendly production and operates a facility in Finland. Eevia's shares are listed on the Spotlight Stock Market in Sweden. For more information, contact CEO Stein Ulve or visit their website.

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Press release from Companies: Eevia Health Secures KSEK 638 Order from U.S. Partner

Eevia Health Plc received an accelerated order for their organic elderberry extract, FENO-SAMBUCUS™ 7 ORGANIC, from a U.S. nutraceutical brand due to higher-than-expected demand. The extract, known for supporting immune and general wellness, is ready for immediate delivery, benefiting Eevia's cash flow. Eevia, founded in 2017, produces 100% organically certified plant extracts from Finnish and Swedish forests, focusing on gut and related health. The company operates a sustainable production facility in Finland and is listed on the Spotlight Stock Market in Sweden.

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Press release from Companies: Large U.S. Buyers Turn to Eevia Amid Tariff Driven Supply Chain Uncertainty

Several major U.S. companies are urgently seeking alternative sources for plant-based ingredients due to high import tariffs on Chinese products. Eevia Health has received multiple requests from U.S. buyers looking for European-origin supplies, as tariffs are lower. Although the U.S. tariffs are seen as temporary, their uncertain duration has led to increased purchasing and procurement strategies. Eevia sees potential short-term sales opportunities, especially in low-concentrate extracts and powders, and is assessing logistics and raw material availability to handle larger orders. This situation could enhance Eevia’s position as a reliable European supplier and underscores the importance of regional supply chain resilience. Eevia Health, founded in 2017, produces organic plant extracts from Finnish and Swedish forests, focusing on health-related products. The company operates a green-chemistry facility in Finland and is listed on the Spotlight Stock Market in Sweden.

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Press release from Companies: Eevia Health Secures KEUR 50 in New Sales Orders Across Key Markets

Denna vecka mottog Eevia Health Plc nya försäljningsorder på totalt 50 000 euro. Dessa inkluderar 28 000 euro för Feno-Chaga™ Organic SKUs, 11 000 euro för Feno-Myrtillus® Organic SKUs och 11 000 euro för andra högkoncentrerade polyfenolextrakt. Alla beställda produkter finns i lager, vilket möjliggör omedelbar leverans och förbättrar kassaflödet. Orderna visar på en fortsatt efterfrågetillväxt för Eevias premiumorganiska bioaktiva ingredienser på strategiska marknader och bekräftar företagets produktpositionering inom den globala nutraceutical-sektorn. Eevia Health Plc grundades i mars 2017 och fokuserar på att hantera globala hälsoutmaningar med bioaktiva föreningar från förnybara växtmaterial. Företaget tillverkar 100% ekologiskt certifierade växtextrakt, främst från skogar i Finland och Sverige. Dessa säljs B2B som ingredienser till kosttillskott och livsmedelsvarumärken globalt. Eevia utvecklar även högvärdiga livsmedelsingredienser och biomaterial som gynnar människors hälsa. Företaget driver en miljövänlig produktionsanläggning i Finland och noterades på Spotlight Stock Market i Sverige i juni 2021 under kortnamnet EEVIA.

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Press release from Companies: NOTICE OF EXTRAORDINARY GENERAL MEETING IN EEVIA HEALTH ABP

The Extraordinary General Meeting will address several key issues, including the opening and organization of the meeting, confirming its legality, and recording attendance. The agenda includes electing a new Board member, Marinus Blåbjerg Sørensen, to fill a vacancy, with his term lasting until the next Annual General Meeting. The meeting will also confirm a previous decision on Board remuneration, involving shares issued as part of a direct placement. Shareholders have requested changes to the Nomination Board, and proposals for new members will be presented. An updated option program for management will be discussed, with details available to shareholders before May 9, 2025. The Board seeks pre-emptive approval for a private share placement to insiders if external investors are not found. Documents related to the meeting will be available on Eevia Health's website by May 6, 2025. Shareholders must register by May 26, 2025, to participate, with specific instructions for those with nominee-registered shares or shares registered with Euroclear Sweden AB. Proxy representation is allowed, and proxy documents must be submitted before the registration deadline. The meeting will also address other standard procedural matters. Eevia Health, founded in 2017, focuses on producing organic plant extracts for global health challenges and operates a production facility in Finland.

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Press release from Companies: Grant of Warrants in Eevia Health

Eevia Board has decided to issue 6,000,000 new warrants (TO2) to Lago Kapital Oy, a Finnish investment firm, as part of a strategy to address shares not subscribed in the last rights issue. The aim is to raise approximately 400,000 euros, with the TO2 warrants being a smaller component of this effort. Orcator Oy, a shareholder of Eevia, will lend 6,000,000 shares to Lago Kapital Oy, and Stein Ulve, CEO of Eevia, owns Orcator Oy. Eevia needs additional working capital for streamlining operations, achieving profitability, and meeting demand. The TO2 warrants offer a cost-effective way to raise future capital. The subscription period for shares via the TO2 warrants is from May 12 to June 9, 2025, with each warrant allowing the purchase of one share at 70% of the average market price during the subscription period, but not less than 0.11 SEK. Unexercised warrants by June 11 will expire, and conditions for accelerated vesting apply in cases of control changes. The TO2 warrants are priced at 0.1 Swedish Øre each. These financial moves aim to capitalize on growth opportunities and support efforts for non-dilutive funding of approximately 550,000 euros. Eevia Health, founded in 2017, produces organic plant extracts for health supplements and operates a green-chemistry facility in Finland. The company is listed on the Spotlight Stock Market in Sweden.

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Press release from Companies: Eevia at Vitafoods 2025 – Launching a New Health Ingredient

Vitafoods, a key event for the nutraceutical industry, will move from Geneva to Barcelona after 26 years, attracting professionals globally. Eevia Health will introduce a new health ingredient with high bioactive polyphenol concentration, made from Finnish organic berries, and will re-launch another ingredient with a new partner. Eevia Health, founded in 2017, produces organic plant extracts for global dietary supplements and food brands, focusing on gut and kidney health. Their production facility in Finland emphasizes sustainability. Eevia's shares are listed on the Spotlight Stock Market in Sweden.

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Press release from Companies: Good Start to Q2-25 for Eevia with New Sales Orders Totaling MSEK 1.4 (KEUR 130)

A Swedish brand owner with a presence in over 50,000 retail outlets across 38 countries placed the largest order for Feno-Myrtillus® 1, a bilberry extract. Deliveries are planned for April and May. Additional orders were received from customers in Finland, the U.S., and a new client in France for various organic extracts. The total new sales order amounts to 130,000 euros. Eevia Health ensures immediate shipments due to adequate stock, supporting cash flow and reducing inventory, in line with its turnaround strategy. The company aims to expand its European and global presence, leveraging a growing customer base. Eevia Health, founded in 2017, produces organically certified plant extracts from Finnish and Swedish forests, focusing on health-related bioactive compounds. It operates a green-chemistry facility in Finland and is listed on the Spotlight Stock Market in Sweden. For more information, contact CEO Stein Ulve or visit their website.

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Press release from Companies: Eevia Secures Repeat Sales Order Worth KSEK 990 (KEUR 91), with Potential Upside

Eevia has received a repeat sales order valued at 91,000 euros from an international nutraceutical ingredient company for its organic bilberry extract, Feno-Myrtillus® 25. A potential follow-up order worth 76,000 euros is also anticipated. This customer, a recognized global supplier, initially partnered with Eevia in 2024. The order highlights Eevia's capability to deliver quality organic ingredients. CEO Stein Ulve noted that this order supports Eevia's financial goals for early 2025. Eevia Health, founded in 2017, focuses on sustainable, organic plant extracts for health and wellness, operating a facility in Finland. The company is listed on the Spotlight Stock Market in Sweden.

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Press release from Companies: Eevia Health Secures KSEK 555 Sales Order for Premium Organic Elderberry Extract

Eevia Health has received a repeat order valued at 50,000 euros for its FENO-SAMBUCUS™ 7 ORGANIC, an elderberry extract known for its high polyphenol content and bioactivity. The order is from Select Ingredients, a company in San Diego that specializes in organic ingredients and natural plant extracts. The product meets key standards and has demonstrated superior bioactivity in tests. It is available for immediate delivery, which will positively impact cash flow. Eevia Health, established in 2017, produces organic plant extracts from Finnish and Swedish forests and sells them to global dietary supplement and food brands. The company focuses on health-related bioactive compounds and operates an environmentally friendly production facility in Finland. Eevia Health is publicly listed on the Spotlight Stock Market in Sweden.