Ratos AB: Ledil refinanced - Ratos to receive EUR 18m
(Thomson Reuters ONE) -
PRESS RELEASE 6 February 2017
Ratos subsidiary Ledil, a leading global provider of secondary optics for LED
lighting, has been refinanced. Ratos will receive a dividend of approximately
EUR 18m for its holding of 66%. The refinancing was enabled by strong profitable
growth and the business's favourable performance.
Ledil is a Finnish leading global provider of secondary optics for LED lighting.
The products are sold by the company's own sales force as well as through agents
and distributors in Europe, North America and Asia. Ratos acquired Ledil in
2014 and the company has since then demonstrated continued strong growth and
development of its operations. For the first nine months of 2016, sales amounted
to approximately EUR 29m (24), equivalent to growth of about 22% and an EBITA
margin of about 32%.
"Ledil has continued to demonstrate good organic growth driven by strong demand
in all of its major markets. The company's continued positive outlook, its
strong financial position and stable cash flows have facilitated a refinancing
and dividend, while we retain a balanced capital structure in the company for
further growth," says Daniel Repfennig, Senior Investment Manager at Ratos.
Ratos will receive approximately EUR 18m as a dividend to be paid in February.
Ratos's consolidated book value for Ledil will be adjusted downward by a
corresponding amount. The refinancing will have no impact on the Ratos Group's
results. Ratos's holding in Ledil is 66% and Ratos's net invested capital
amounts to SEK 460m before dividends are paid. Following the refinancing,
approximately 40% of Ratos's initial investment has been repaid.
For further information, please contact:
Daniel Repfennig, Senior Investment Manager, Ratos, +46 8 700 17 94
Helene Gustafsson, IR Manager, Ratos, +46 8 700 17 98
Financial calendar from Ratos:
Year-end report 2016 17 February 2017
Annual General Meeting 6 April 2017
Interim report January-March 2017 8 May 2017
Interim report January-June 2017 17 August 2017
Interim report January-September 2017 14 November 2017
Ratos is an investment company that owns and develops unlisted medium-sized
companies in the Nordic countries. Our goal as an active owner is to contribute
to long-term and sustainable business development in the companies we invest in
and to make value-generating transactions. Ratos's portfolio consists of 19
medium-sized Nordic companies and the largest segments in terms of sales are
Consumer goods/Commerce, Construction and Energy. Ratos is listed on Nasdaq
Stockholm and has a total of approximately 15,000 employees.
Press release:
http://hugin.info/1180/R/2076068/780696.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: 06.02.2017 - 10:30 Uhr
Sprache: Deutsch
News-ID 522057
Anzahl Zeichen: 3493
contact information:
Town:
Stockholm
Kategorie:
Business News
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