Brief: Vestum Carries Out Strategic Divestments

Vestum AB (publ)

12/12/2023 07:46

Dec 12(Reuters) - Vestum AB  VESTUM.ST :
    * SAID MONDAY HAS AGREED TO DIVEST 100% OF SHARES IN ARCTIC
INFRA
AB INCLUDING SUBSIDIARIES
    * PURCHASE PRICE AMOUNTS TO SEK 54 MILLION ON CASH AND DEBT
FREE
BASIS
    * HAS FURTHER DIVESTED 100% OF SHARES IN KVALITETSMARK R AB
(INFRASTRUCTURE), HYREX HOLDING AB INCLUDING SUBSIDIARIES
(INFRASTRUCTURE), POWERSTRUC AB (INFRASTRUCTURE), AMSLER HISS AB
(SERVICES)
    * CARRIES OUT STRATEGIC DIVESTMENTS WITHIN INFRASTRUCTURE
AND
SERVICES SEGMENTS WITHIN FRAMEWORK OF STRATEGIC REVIEW
    * FINANCIAL EFFECTS OF DIVESTMENTS, ON ROLLING 12-MONTH
BASIS AS
OF 30 SEPTEMBER 2023, MEAN ADJUSTED EBITA INCREASES FROM SEK 618
MILLION TO SEK 623 MILLION, WHILE ADJUSTED EBITA MARGIN IS
IMPROVED FROM 9.4% TO 10.9%
    * NET DEBT DECREASES FROM SEK 2,449 MILLION TO SEK 2,276
MILLION
    * DIVESTMENTS LEAD TO TOTAL PRELIMINARY REALISED LOSSES OF
SEK 490
MILLION, BOOKED IN INCOME STATEMENT FOR Q4

        
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