EVRY: Annual Accounts for 2014
(Thomson Reuters ONE) -
(Oslo, 22 April 2015) The Board of Directors of EVRY ASA has approved the Annual
Report and Accounts for 2014.
The group underwent a strategic process during the second half of 2014 which
resulted in Lyngen Bidco AS, a company indirectly controlled by private equity
funds advised by Apax Partners LLP, making a voluntary offer for all the
outstanding shares in EVRY ASA at a price of NOK 16 per share. Following
completion of the process, on 16 March 2015 Lyngen Bidco AS acquired
234,797,184 shares in EVRY ASA, equivalent to approximately 88% of the shares. A
transaction price of NOK 16 per share is equivalent to a value of NOK 4,277
million for the group's equity, while the book value of the group's equity at
31 December 2014 was NOK 5,441 million.
The Board of Directors of EVRY ASA has decided to write-down the value of
goodwill and therefore the book value of the group's equity by NOK 1,164
million, which means the book value of equity at 31 December 2014 now
corresponds to the value implied by the transaction.
This is an accounting write-down that does not change the operating result. It
has no effect on cash flow and does not affect the company's future earnings.
After the goodwill write-down, the final pre-tax result from continuing
operations for 2014 was a loss of NOK 743 million compared to preliminary
figures that showed a pre-tax profit of NOK 421 million. The final net result
for 2014 was a net loss of NOK 871 million compared to preliminary figures that
showed a net profit of NOK 294 million.
The Annual Report and Accounts will be published on www.evry.com on 28 April
2015.
This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: EVRY via GlobeNewswire
[HUG#1913236]
Unternehmensinformation / Kurzprofil:
Datum: 22.04.2015 - 07:31 Uhr
Sprache: Deutsch
News-ID 387551
Anzahl Zeichen: 2469
contact information:
Town:
Oslo
Kategorie:
Business News
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