Brief: Elanders Finances Its Growth Via Factoring With Nordea As Partner

Elanders AB

21/12/2018 14:24

Dec 21 (Reuters) - Elanders AB  ELANb.ST :
    * ELANDERS FINANCES ITS GROWTH THROUGH FACTORING WITH NORDEA AS A PARTNER
    * WILL TOGETHER WITH NORDEA IMPLEMENT FACTORING WITHOUT RECOURSE IN SOME PARTS OF BUSINESS
IN
GERMANY
    * FACTORING WILL HAVE AN EFFECT ON COMPANY'S FINANCIAL KEY RATIOS
    * ENTIRE FACILITY AMOUNTS TO MEUR 50, OF WHICH AT LEAST 70 %, I.E. MEUR 35, WILL PROBABLY BE
UTILIZED
    * FACILITY TO HAVE ONE-TIME POSITIVE EFFECT ON CASH FLOW FROM OPERATING ACTIVITIES WITH SAME
AMOUNT AS LEVEL OF UTILIZATION
    * FACILITY TO REDUCE ACCOUNT RECEIVABLES AND NET DEBT, AND IMPROVE RATIO OF NET DEBT TO
EBITDA

Source text for Eikon:  ID:nGNE1FV6gM 
Further company coverage:  ELANb.ST 

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