Inside information: KH Group sells the logistics service company Logistikas
2023年6月30日 - 11:30PM
Inside information: KH Group sells the logistics service company
Logistikas
KH Group PlcInside information 30 June 2023
at 5:30 pm EEST
Inside information: KH Group sells the
logistics service company Logistikas
As part of its strategic transformation, KH Group Plc has today,
on 30 June 2023, together with the other shareholders of Logistikas
Oy, sold the shares of Logistikas Oy to the Swedish logistics
company Logent AB. The transaction was signed and completed
simultaneously.
The debt-free purchase price of the share transaction is EUR
23.5 million. KH Group’s holding in Logistikas was 66.5% and its
share of the purchase price, after the deduction of net debt and
transaction costs, is approximately EUR 11.9 million, including the
purchase price for the shares and for the receivables from
Logistikas Oy related to dividend and capital distribution in
conjunction with the transaction. The final purchase price will be
determined on the basis of Logistikas Oy’s balance sheet on 30 June
2023 and any adjustments to the purchase price will be paid during
the third quarter. The transaction will have approximately EUR 4.8
million positive impact on KH Group’s result for the financial
period. Proceeds from the sale will be used, among others, for
repayment of interest-bearing debt at the parent company and for
investments required by the change in strategy.
Logistikas offers local logistics, in-house logistics and
immediate-proximity warehousing services, logistics expert services
and comprehensive procurement services. The company operates in 10
locations in Finland, both at its own logistics centres and at
customer premises responsible for in-house logistics. For the
financial period 2022, Logistikas’ net sales were EUR 31.8 million,
EBITDA was EUR 2.4 million and operating profit (EBITA) was EUR 1.9
million (1).
“Under KH Group’s ownership, Logistikas’ management and other
personnel have done an excellent job in developing services and
expanding the network geographically. As a Nordic contract
logistics expert, Logent offers a strong foundation for the further
development of Logistikas’ business. We would like to thank the
management, personnel and other owners of Logistikas for our
journey together and wish them success also in the future,”
states Ville Nikulainen, KH Group’s CEO.
The divestment of Logistikas represents a significant step in KH
Group’s strategic transformation. The medium-term objective of the
company is to become an industrial group built around the business
of the earth-moving machinery supplier KH-Koneet.“The divestment of
Logistikas frees up capital at the Group and thus contributes to
our strategic focus on the earth-moving machinery business,” says
Tommi Rötkin, KH Group’s Investment Director.
“The acquisition of Logistikas, a highly complementary business
that is a market leader in Finland, supports our strategy of
expanding and growing our presence in Northern Europe. Logistikas
shares our values and customer centric approach and has built an
impressive platform across Finland which is a priority growth
market for our business”, comments Linda
Aidanpää
Baronnet, CEO of Logent Group
1) The key figures are consolidated FAS (Finnish Accounting
Standards) figures. EBITDA = operating profit + depreciation and
amortisation, EBITA = operating profit + depreciation related to
intangible assets resulting from corporate acquisitions
KH GROUP PLC
Ville NikulainenCEO
FURTHER INFORMATION: CEO Ville Nikulainen, tel. +358 400
459 343Investment Director Tommi Rötkin, tel. +358 50 305
5604
DISTRIBUTION:Nasdaq Helsinki LtdMajor mediawww.khgroup.com
Sievi Capital is now a conglomerate with a new name KH Group.
Our five business areas are leading players in their sectors in B2B
products and services and consumer trade. The objective of our
strategy change is to focus on the business of the earth-moving
machinery supplier KH-Koneet. KH Group’s share is listed on Nasdaq
Helsinki.
Kh Group Oyj (LSE:0NQK)
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Kh Group Oyj (LSE:0NQK)
過去 株価チャート
から 6 2023 まで 6 2024