Ratos to release SEK 405m by refinancing Anticimex
2011-03-30
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules.
Ratos, together with other owners, has decided to refinance the subsidiary Anticimex of SEK 476m. This means that Ratos will receive a cash payment of approximately SEK 405m. The refinancing has been made possible by the company's favourable development in recent years.
Anticimex is a service company that offers a broad range of services for healthy and safe indoor environments. Services include pest assurance, hygiene assurance, insurance, dehumidification, fire protection as well as property transfer and energy surveys. The Group is currently represented in Sweden, Finland, Denmark, Norway, Germany and the Netherlands.
- "Anticimex is in a class of its own with 76 years of uninterrupted growth and we see positive future prospects for the company. The refinancing we are now carrying out has been made possible by the good cash flows and strong balance sheet in recent years," says Ratos's CEO Arne Karlsson.
Ratos acquired Anticimex at the beginning of 2006 and the company has seen strong development ever since. Sales have increased from SEK 1,275m in 2005 to SEK 1,856m in 2010 and operating profit (EBITA) has risen from SEK 114m to SEK 198m in the same period.
Ratos's holding in Anticimex amounts to 85%. The total refinancing amounts to SEK 476m, of which Ratos will receive SEK 405m to be paid in April. Ratos's consolidated book value for Anticimex will be adjusted downwards by a corresponding amount. The refinancing will have no impact on Ratos's earnings.
For further information, please contact: Arne Karlsson, CEO, +46 8 700 17 00 Emma Rheborg, Head of Corporate Communications and IR, +46 733 80 22 63
Financial calendar from Ratos:
Annual General Meeting 2011 5 April 2011
Interim Report January - March 2011 5 May 2011
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, GS-Hydro, Hafa Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Lindab, Medisize, Mobile Climate Control, SB Seating, Stofa and Other holdings. Ratos is listed on NASDAQ OMX Stockholm and market capitalisation amounts to approximately SEK 40 billion.
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