AAK acquires 75 percent of Russian long-term partner Margaron
AAK has acquired 75 percent of NPO Margaron LLC, a producer of margarines, spreads, and bakery and confectionery fats, based in St. Petersburg, Russia. Margaron has been a trusted toll manufacturer to AAK for more than a decade and had last year revenues of approximately SEK 280 million.
“Russia and the CIS countries have a population of more than 200 million people and is a highly attractive market for AAK”, said Johan Westman, President and CEO. “It is also one of the world’s largest chocolate and confectionery markets with strong potential for our Special Nutrition, Bakery, and Dairy
Read more →Change of number of shares and votes
The warrants programme for management, division management, other senior managers and key employees implemented at the Annual General Meeting on 6 May 2015 (Warrants Programme 2015/2019) has resulted in an increase of the number of shares and votes in the company with 11,500 shares of series B and as many votes, through conversion of subscription warrants into new shares in Hexagon AB.
As per 28 February 2020 there are in total 367,550,802 shares in the company, of which 15,750,000 are of series A with ten votes each and 351,800,802 are of series B with one vote each.
The total number of
Read more →EU Commission clears ASSA ABLOY´s acquisition of agta record, subject to conditions
ASSA ABLOY has received phase 1 conditional clearance by the EU Commission for ASSA ABLOY, as a 39% shareholder in the Swiss company agta record, to indirectly acquire the 54% shareholding in agta record from the shareholders of agta finance (the “Acquisition”).
Closing of the Acquisition is expected in the second half of 2020 after all remaining closing conditions and the EU Commission requirements have been fulfilled.
"Receiving the EU Commission´s approval is an important step towards completing the acquisition of agta record and we look forward to welcoming the agta record people
Read more →Hexagon enhances its Smart Factory solutions with the acquisition of Romax Technology
Hexagon AB, a global leader in sensor, software and autonomous solutions, today announced the signing of an agreement to acquire Romax Technology Limited, a leading provider of Computer Aided Engineering (CAE) software for electromechanical drivetrain design and simulation.
A greater focus on energy efficiency and an accelerating shift towards electrification brings new engineering challenges that require increased use of simulation tools earlier in the design lifecycle. Romax Technology brings more than 30 years of experience in electromechanical simulation and multi-physics design
Read more →HEXPOL’s President and CEO is leaving
The Board of HEXPOL AB (publ) and Mikael Fryklund have decided to part ways.
“There are several circumstances that have led to this change. The development of the Group, mainly regarding sales growth and growth of results, which unfortunately lately have not met our expectations. I would like to thank Mikael for his loyal and dedicated work since 2017. Among others, a number of well-managed and well positioned acquisitions have been made during this time.” says Georg Brunstam, Chairman of the Board.
The recruitment of a successor will start immediately.
In the meantime CFO Peter
Read more →ASSA ABLOY acquires Biosite in the UK
ASSA ABLOY has acquired Biosite, a leading solutions provider of biometric access control to the UK construction industry.
"I am very pleased to welcome Biosite and their employees into the ASSA ABLOY Group. Biosite is a strategic technological addition to the ASSA ABLOY Group. The company will reinforce our current offering within solutions for access control and will provide complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.
“Biosite offers biometric access- and workforce management solutions to the construction sector; maximizing security and
Read more →SECURITAS AB FULL YEAR REPORT January–December 2019
OCTOBER–DECEMBER 2019
• Total sales MSEK 28 257 (26 824)
• Organic sales growth 2 percent (5)
• Operating income before amortization MSEK 1 497 (1 475)
• Operating margin 5.3 percent (5.5)
• Items affecting comparability (IAC) MSEK –83 (–187), relating to IS/IT transformation programs
• Earnings per share SEK 2.38 (2.02)
• Earnings per share, before IAC, SEK 2.54 (2.39)
JANUARY–DECEMBER 2019
• Total sales MSEK 110 899 (101 467)
• Organic sales growth 4 percent (6)
• Operating income before amortization MSEK 5 738 (5 304)
• Operating margin 5.2
Read more →Lower organic growth with strong profit and cash flow
Fourth quarter
· Net sales increased by 8% to SEK 24,946 M (23,167), with organic growth of 1% (6) and acquired net growth of 3% (3)
· Strong organic growth in Americas, good growth in Global Technologies and stable in EMEA and Entrance Systems, while sales declined in Asia Pacific
· Two acquisitions signed with expected combined annual sales of SEK 800 M
· Tax decision in Finland reconsidered to ASSA ABLOY’s disadvantage. Estimated tax exposure of SEK 920 M, but no material effect on the Group’s net income
· Operating income1 (EBIT) increased by 8% and amounted to SEK 4,
Read more →Hexagon Year-End Report 1 January - 31 December 2019
Fourth quarter 2019
- Net sales increased by 2 per cent to 1,058.9 MEUR (1,043.0). Using fixed exchange rates and a comparable group structure (organic growth), net sales decreased by -2 per cent
- Operating earnings (EBIT1) increased by 2 per cent to 277.0 MEUR (270.7)
- Earnings before taxes, excluding non-recurring items, amounted to 271.1 MEUR (265.4)
- Net earnings, excluding non-recurring items, amounted to 222.3 MEUR (217.6)
- Earnings per share, excluding non-recurring items, amounted to 0.60 EUR (0.60)
- Operating cash flow, excluding non-recurring items, decreased to 234.4
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