Ratos: Interim report January-September 2016
(Thomson Reuters ONE) -
10 November 2016
This information is information that Ratos AB is obliged to make public pursuant
to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact
person set out above, at 08.00 CET on 10 November 2016.
Development in company portfolio
* Sales growth of +9%, adjusted for the size of Ratos's holding, net sales
amounted to SEK 17,981m (16,511)
* Adjusted EBITA development of -4%, adjusted for the size of Ratos's
holding, mainly due to weak performance of GS-Hydro. The portfolio's
adjusted EBITA amounted to SEK 1,100m (1,145)
* EBITA development of -15%, adjusted for the size of Ratos's holding. The
portfolio's EBITA amounted to SEK 894 Mkr (1,050)
Acquisitions and divestments
* The acquisitions of Serena Properties, airteam, Oase Outdoors and Gudrun
Sjödén Group were completed
* Agreement to acquire Plantagen, the Nordic region's leading retail chain
for plants and gardening accessories
Events after the end of the period
* Divestment of Euromaint agreed in October - no exit gain
* Preparing Arcus for an IPO
Financial information
* The impairment of book values in Aibel, AH Industries, Biolin Scientific,
Euromaint and Jøtul amounted to SEK 1.7 billion, attributable to the owners
of the parent, of which SEK 1.1 billion is attributable to Aibel
* Profit/share of profits from companies amounted to SEK 332m (611), a
decline attributable to a weak earnings trend in the companies and a changed
company portfolio
* Earnings per share before and after dilution amounted to SEK -5.74 (3.34).
* Cash and cash equivalents in the parent company totalled SEK 1,627m (4,282)
At 10.00 CET a telephone conference will be held, participant connection: UK:
+44 20 3008 9808, SE: +46 8 566 425 09, US: +1 855 831 5945. The telephone
conference will be webcasted live at www.ratos.se where presentation material
also is available. The telephone conference will be recorded and available at
www.ratos.se.
Stockholm 10 November 2016
Ratos AB (publ)
For further information, please contact:
Lars Johansson, acting CEO, +46 8 700 17 00
Elin Ljung, Head of Corporate Communications, +46 8 700 17 20
Helene Gustafsson, IR Manager, +46 8 700 17 98
Financial calendar from Ratos:
Year-end report 2016 17 February 2017
Ratos is an investment company that owns and develops unlisted medium-sized
Nordic companies. Our goal as an active owner is to contribute to the long-term
and sustainable business development in the companies we invest in and to make
value-generating transactions. Ratos's portfolio consists of 21 medium-sized
Nordic companies and the largest segments in terms of sales are Construction,
Consumer goods/Retail and Industrials. Ratos is listed on Nasdaq Stockholm and
has a total of approximately 16,000 employees.
Interim report January-September 2016 (pdf):
http://hugin.info/1180/R/2055821/769954.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ratos via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 10.11.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 506109
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contact information:
Town:
Stockholm
Kategorie:
Business News
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"Ratos: Interim report January-September 2016"
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