KH Group: Indoor Group updated its financing agreement

KH Group Plc

Press Release 8 May 2025 at 3:00 pm EEST

KH Group: Indoor Group updated its financing agreement

KH Group’s subsidiary Indoor Group has updated its agreement with the financing provider. In accordance with the updated agreement the financing provider will not demand the repayment of loans, provided that certain conditions are met. The validity of the agreement has been extended until 31 August 2025.

The parties have engaged in negotiations on the terms of validity of Indoor Group's financing for the duration of the sale process. Due to a breach of covenants on 30 September 2024, there is uncertainty in Indoor Group’s financing. The financing provider has the right to demand repayment of the loans at the expiration of the agreement, which may have an impact on Indoor Group’s ability to continue as a going concern. Indoor Group’s financing situation does not have immediate impacts on KH Group’s continuing operations, as the Group companies have ring-fenced financing.

KH GROUP PLC

Further information:

CEO Ville Nikulainen, tel. 3

Distribution:

Major media

KH Group Plc is a Nordic conglomerate operating in the business areas of KH-Koneet, Nordic Rescue Group and Indoor Group. We are a leading supplier of construction and earth-moving equipment, rescue vehicle manufacturer as well as furniture and interior decoration retailer. The objective of our strategy is to create an industrial group around the business of KH-Koneet. KH Group’s share is listed on Nasdaq Helsinki.