Ratos receives dividend of SEK 150m from KVD Kvarndammen
(Thomson Reuters ONE) -
This information is disclosed in accordance with the Securities Markets Act, the
Financial Instruments Trading Act or demands made in the exchange rules.
Ratos has decided to refinance the subsidiary KVD Kvarndammen, whereby Ratos
will receive a dividend of approximately SEK 150m. The refinancing has been made
possible by the strong development of the company's operations and cash flow
since the acquisition, as well as the divestment of properties.
KVD Kvarndammen is Sweden's largest independent online market place offering
broker services for capital goods. The company, which was founded in 1991, runs
kvd.se where cars, heavy vehicles and machines are offered for sale at weekly
online auctions. The number of unique visitors totals approximately 200,000 per
week. The company includes Sweden's largest valuation portal for cars,
bilpriser.se. In 2011, KVD Kvarndammen's sales totalled SEK 276m and operating
profit (EBITA) amounted to SEK 52m. The company has approximately 170 employees.
Ratos's CEO, Susanna Campbell, comments: "KVD Kvarndammen has developed very
well since we acquired the company in autumn 2010. In 2012, the company has sold
two properties, leading to a substantial reduction in the company's net debt.
Continued positive prospects and stable cash flows mean that we can carry out
this refinancing and dividend while retaining a balanced capital structure in
the company."
Ratos will receive a dividend of approximately SEK 150m which will be paid in
December. Ratos's consolidated book value for KVD Kvarndammen will be adjusted
downwards by a corresponding amount. The refinancing will not affect earnings
for the Ratos Group. Ratos's holding in KVD Kvarndammen amounts to 100% and
Ratos originally invested SEK 363m in the company in 2010.
For further information, please contact:
Susanna Campbell, CEO Ratos, +46 8 700 17 00
Emma Rheborg, Head of Corporate Communications and IR, +46 8 700 17 00
Financial calendar from Ratos:
Year-end report 2012 15 February 2013
Annual General Meeting 2013 17 April 2013
Interim Report January - March 2013 8 May 2013
Interim Report January - June 2013 15 August 2013
Interim Report January - September 2013 8 November 2013
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, Arcus-Gruppen, Biolin
Scientific, Bisnode, Contex Group, DIAB, Euromaint, Finnkino, GS-Hydro, Hafa
Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Mobile Climate
Control, SB Seating and Stofa. Ratos is listed on Nasdaq OMX Stockholm and
market capitalisation amounts to approximately SEK 21 billion.
Press release PDF:
http://hugin.info/1180/R/1666119/540696.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#1666119]
Unternehmensinformation / Kurzprofil:
Datum: 19.12.2012 - 08:31 Uhr
Sprache: Deutsch
News-ID 214221
Anzahl Zeichen: 3818
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 155 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ratos receives dividend of SEK 150m from KVD Kvarndammen"
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).
