Ratos receives SEK 290m in dividend from Inwido
(Thomson Reuters ONE) -
Ratos's subsidiary Inwido distributes a dividend totalling SEK 301m of which
Ratos receives SEK 290m. The dividend has been enabled by the company's
favourable development in recent years.
Inwido develops, manufactures and sells a full range of windows and doors to
consumers, construction companies and prefabricated home manufacturers.
Operations are conducted in all the Nordic countries as well as in the UK,
Ireland, Poland and Russia. The company's brands include Elitfönster,
SnickarPer, Tiivi, KPK, Lyssand and Allan Brothers.
"In 2009, Ratos made a SEK 400m capital contribution to Inwido in order to
strengthen the balance sheet following the 30 add-on acquisitions made up to
that point during our ownership period. Since then, Inwido has performed well
with good cash flows and this has created a strong balance sheet which has
enabled this dividend," says Ratos CEO Arne Karlsson.
Inwido was acquired by Ratos in 2004 and is today the largest window and door
manufacturer in the Nordic region. Sales in 2010 totalled SEK 5,149m and
operating profit (EBITA) was SEK 446m. Ratos's holding in Inwido amounts to 96%.
The dividend amounts to a total of SEK 301m and Ratos's share amounts to SEK
290m. Ratos's consolidated book value in Inwido will be adjusted downwards by a
corresponding amount. The dividend will not affect earnings for the Ratos Group.
No additional loans are raised by Inwido in conjunction with the dividend.
For further information, please contact:
Arne Karlsson, CEO, +46 8 700 17 00
Emma Rheborg, Head of Corporate Communications & IR, +46 733 80 22 63
Financial calendar from Ratos:
Interim Report January - June 2011 19 August 2011
Interim Report January - September 2011 9 November 2011
Ratos is a private equity conglomerate. The company's mission is to maximise
shareholder value over time through the professional, active and responsible
exercise of its ownership role in primarily medium to large unlisted Nordic
companies. Ratos's holdings include AH Industries, Anticimex, Arcus-Gruppen,
Biolin Scientific, Bisnode, Contex, DIAB, EuroMaint, Finnkino, GS-Hydro, Hafa
Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Lindab, Medisize,
Mobile Climate Control, SB Seating and Stofa. Ratos is listed on Nasdaq OMX
Stockholm, and its market capitalisation is approximately SEK 39 billion.
Press release PDF:
http://hugin.info/1180/R/1528657/464312.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ratos via Thomson Reuters ONE
[HUG#1528657]
Unternehmensinformation / Kurzprofil:
Datum: 06.07.2011 - 08:46 Uhr
Sprache: Deutsch
News-ID 56157
Anzahl Zeichen: 3279
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 154 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ratos receives SEK 290m in dividend from Inwido"
steht unter der journalistisch-redaktionellen Verantwortung von
Ratos (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
