Wetteri Plc has signed an agreement with the financiers on updating the covenant terms

Wetteri Plc Stock Exchange Release 23 April 2025 at 10.30 a.m. EET

In a financing agreement between Wetteri Group’s Themis Holding Oy subgroup and the financiers, there are covenants that measure the amount of interest-bearing net liabilities divided by 12-month EBITDA and the equity ratio.

On 3 February 2025, Wetteri announced that the covenant conditions under the financing agreement were not fully met on 31 December 2024. Wetteri has today signed an agreement with the financiers on updating the covenants and not having the financiers exercise their right to have their receivables fall due due to the 31 December 2024 covenant breach.

Additional information

Aarne Simula, CEO and President, Wetteri Plc
Tel. +358 400 689 613, [email protected]

Wetteri Plc – an entrepreneur-driven growth company in the automotive industry

Wetteri Plc is an entrepreneur-driven growth company in the automotive industry. In addition to the retail trade of passenger, commercial and heavy-duty vehicles, the company provides maintenance and damage repair services ranging from passenger cars to heavy-duty vehicles. The company has 35 offices in Finland, and its head office is located in Oulu. The company employs approximately 800 people, of whom approximately 76% work in maintenance and damage repair services. Wetteri is a promoter of the digitalisation of the automotive industry and an important player in the joint journey towards emission-free driving. Further information: Wetteri for investors – entrepreneur-driven growth