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SmartCraft ASA Initiates Share Buy-Back Program

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SmartCraft ASA Initiates Share Buy-Back Program

An announcement from SmartCraft ASA Class A ( (DE:9YK) ) is now available.

SmartCraft ASA has engaged in a share buy-back program announced on February 13, 2025, with a maximum consideration of NOK 20,000,000. Between February 24 and March 4, 2025, the company repurchased 185,166 shares at an average price of NOK 27.3906 per share. This initiative is part of SmartCraft’s strategy to optimize capital structure and potentially enhance shareholder value, reflecting confidence in the company’s financial health and future prospects.

More about SmartCraft ASA Class A

SmartCraft ASA is a leading Nordic provider of mission-critical SaaS solutions for SMEs in the construction sector, aiming to enhance productivity, margins, and resource efficiency. The company serves over 13,400 customers and employs 270 people across Norway, Sweden, Finland, and the UK. It was listed on the Oslo Stock Exchange in June 2021.

YTD Price Performance: -9.28%

Average Trading Volume: 600

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €393.3M

See more insights into 9YK stock on TipRanks’ Stock Analysis page.

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