The 2024 Listing Award Goes to Canatu

Canatu has been awarded the 2024 Listing Award at the Stock Exchange Gala, which recognizes the best publicly listed companies. Canatu 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: “Cana-tu 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 €20-25 million, up from €13.5 million in 2023.

“The listing award is one of the most significant honors at the Stock Exchange Gala because newly listed companies foreshadow future economic growth. Growth-oriented Cana-tu 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.

“This is a great recognition of our successful listing. We are extremely delighted and grateful for the feedback we have received,” said 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,” Kokkonen added. “We are proud to bring to the Helsinki Stock Exchange a truly unique company at the forefront of EUV technology in the semiconductor industry.”