Starbreeze AB (publ) interim report January-March 2024
First quarter 2024 · Net sales amounted to SEK 56.6 million (26.7). · PAYDAY 2 accounted for SEK 10.9 million (26.4). · PAYDAY 3 accounted for SEK 23.3 million (0). · Third-party publishing accounted for SEK 17.4 million (0). · EBITDA* amounted to SEK 48.5 million (4.1), including items affecting comparability of 19.9 million. · Cash flow from operating activities amounted to SEK 78.4 million (20.7). · Depreciation, amortization and impairment amounted to SEK 71.8 million (15.6). · Profit/loss before taxes amounted to SEK -21.0 million (-24.7). · Basic and diluted earnings per share amounted toSEK -0.01 (-0.03). · Cash and cash equivalents amounted to SEK 387.2 million (78.0). Significant events during and after the quarter · January 9, Starbreeze announced changes in Group management. · January 10, the Starbreeze Nomination Committee announced the proposal to appoint Jürgen Goeldner as the new Chairperson of the Board of Directors at the 2024 Annual General Meeting. · February 15, “Operation Medic Bag” was launched – a focused project to meet the expectations of the player community and improve PAYDAY 3. The game has seen three major updates since February 15. · February 22, The Tribe Must Survive was released in Early Access on Steam. · March 12, Board member Jürgen Goeldner was appointed interim CEO of Starbreeze. A process to recruit a permanent CEO is ongoing. · April 15, a content update was released for Roboquest with new content, new functionality, and improvements. CEO’s message PAYDAY™ 3 evolves with 'Operation Medic Bag' Starbreeze has been a force in the global games industry for more than 25 years and will continue to be so by developing and publishing games globally and leverage the strength of both the organization and the IP portfolio.During my months as interim CEO my focus has been on PAYDAY 3 as well as business development aspects, for example our presence at the Game Developers Conference (GDC) in March, where we among other things met industry peers and new potential partners. We also showed a playable tech demo of Project Baxter and received high interest. RESULTS AND FINANCIAL POSITION Our cash position at the end of the quarter was SEK 387m, with a balance sheet light on debt. The underlying result for the quarter, adjusted for items affecting comparability, was strong thanks to revenues from multiple titles as well as cost control measures. The revenue streams show that we are no longer a one product company. Together with our co-publisher we are running a concerted effort to improve on PAYDAY 3 by reprioritizing and focusing the development based on players’ feedback with only a minor impact on planned investments. PAYDAY 3 PAYDAY 3’s ‘Operation Medic Bag’ is a comprehensive initiative that covers both smaller initiatives as well as improvements to the games’ progression system. On top also matchmaking and server infrastructure and a solo/offline mode. We are going to increase both the cadence and scope of the patches, with several larger milestone releases planned, the first of which will launch in June. The team is working from feedback from our players and community, identifying the changes that we believe are the most impactful ones from a player perspective. We can already see the sentiment shift confirming that we are on the right track. “Operation Medic Bag” has meant that we’ve pushed some content DLCs in favor of adding new features. So, our pipeline for the summer months is very strong. Consequently, we expect to see an impact on sales from the third quarter onwards. The PAYDAY IP is strong, and the potential for the IP remains high, evident not only from our conversations in the industry. PROJECT BAXTER As previously mentioned, Starbreeze’ presence at GDC was in large part to talk to future partners about Baxter. While we will be the publisher of the game, we will enter partnerships where it makes sense. This will be for marketing, distribution in both the digital and physical sense or other support that increases the quality and potential of the project while at the same time lowering the project risk. THIRD PARTY PUBLISHING Roboquest continues to perform strongly, and we continue to work with the developer to expand the game. Roboquest follows a Games as a Service-model with four targeted updates slated for 2024, the first of which was published here in April. The game continues to enjoy a very high rating from both players and media.During the quarter, The Tribe Must Survive launched in Early Access on Steam. The purpose of Early Access is to foster a collaborative relationship with the player community, gathering valuable feedback on all aspects of the game. The 1.0 version of the full game will launch on May 23rd, 2024. ORGANIZATION During the quarter, the number of employees decreased slightly. We continue to hire specific competency for positions on Project Baxter while keeping the organization efficient for all our projects. CLOSING WORDS The search for a permanent CEO is coming to an end. For that position many candidates were identified, interviewed and assessed.With a “vertical slice” of Project Baxter as the next step of the project, interested parties will be invited to submit their offers and we will select the best partner and deal for the product, the brand and ultimately for the company. JÜRGEN GOELDNER, interim CEO Webcast Time: 10.00 CESTParticipation: To connect to the webcast– click here . For more information, please contact: Jürgen Goeldner, interim CEOMats Juhl, CFOTel: +46 0(8) - 209 229Email: ir@starbreeze.com This information is information that Starbreeze AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, via the contact persons set out above, at 6:45 am CEST on May 14, 2024. About StarbreezeStarbreeze is an independent developer, publisher, and distributor of PC and consoles targeting the global market, with studios in Stockholm, Barcelona, Paris and London. Housing the smash hit IP PAYDAY™, Starbreeze develops games based on proprietary and third-party rights, both in- house and in partnership with external game developers. Starbreeze shares are listed on Nasdaq Stockholm under the tickers STAR A and STAR B. Read more at www.starbreeze.com and corporate.starbreeze.com.
Essity is continuously developing new methods to provide the market with sustainable and user-friendly products. The company’s current R&D center in Kunheim, France, has filed 25 patents in recent years for ground-breaking innovations such as Lotus Aqua Tube (flushable toilet roll core), Lotus and Okay Sans Tube (coreless toilet paper), Tork SmartOne (dispenses one sheet at a time) and paper hygiene products based on alternative fibers.
“Essity's research and development is re-shaping paper making to contribute to a more sustainable and circular society, while improving people’s hygiene and health. The new global R&D center in France, will enable us to continue to develop innovative new paper hygiene products and solutions that meet the needs and high expectations of customers and consumers,” says Magnus Groth, President and CEO of Essity.
The new R&D center, strategically located near the current facility, ensures the retention of Essity’s more than 80 experts and engineers working there today. Essity aims to create a larger, more efficient center equipped to address future challenges.
In addition to France, Essity has R&D centers in Mexico, Sweden, Germany and in the USA, led by the company’s global unit focusing on brands, innovation and sustainability. In 2023, Essity invested SEK 1.7bn (approximately 1.2% of net sales) in research and development.
Essity is the world’s largest supplier of hygiene solutions in Professional Hygiene with the globally leading Tork brand. Essity is also the world’s third largest supplier of consumer tissue, with a presence primarily in Europe and Latin America. Essity’s brands such as Lotus, Tempo, Zewa, Cushelle, Plenty and retailer brands lead the European market, while Regio and Familia are key players in Latin America.
Combining Tranter's extensive global expertise in the heat exchanger and maintenance services market with Hexxcell's cutting-edge digital solutions, the partnership is positioned to elevate service standards by providing unparalleled insights into effective maintenance strategies. Leveraging Hexxcell’s groundbreaking hybrid-AI digital twin models, plant operators will gain comprehensive insights into heat exchanger performance and identify operational improvements, optimal maintenance actions, and redesign options. Through advanced monitoring, predictive analytics, and prescriptive maintenance, the innovative solution provides actionable recommendations to improve efficiency, reduce downtime, and ensure sustainable operations.
“At Tranter, we are dedicated to driving innovation and sustainability in the heat exchanger industry. Our partnership with Hexxcell demonstrates our commitment to delivering cutting-edge solutions that promote sustainable outcomes for both our customers and the environment.” Jan Debruyn, President and CEO, Tranter, Inc.
“Hexxcell is at the forefront of digital innovation in heat transfer systems. We are excited about the possibilities our partnership with Tranter brings to customers. By integrating our technologies and services, we enable operators to reduce costs, emissions, and downtime, while ensuring their heat exchangers receive best-in-class service” Francesco Coletti, CEO of Hexxcell Ltd.
Tranter is a leading global provider of heat exchanger solutions and maintenance services, and offers a wide range of products and services, through their innovative FullServ® service concept. Regardless of the heat exchanger brand, Tranter provides comprehensive support, ensuring a seamless customer experience.
Hexxcell is an industry leader of advanced monitoring and predictive maintenance software for the process industry. Hexxcell Studio™’s Hybrid-AI Digital Twins combine Artificial Intelligence (AI) with rigorous physics-based models and deep domain knowledge to monitoring, design and maintenance of industrial thermal systems.
The collaboration between Tranter and Hexxcell unlocks new growth opportunities and paves the way for a new era of predictive maintenance and design optimization in the heat exchanger industry.
For more information, contact:
Jamey MarlingGlobal director- Service segmentJamey.Marling@tranter.com
Niccolo Le BrunHead of Digital InnovationN.Le-Brun@hexxcell.com
Herning, Denmark, 15 May 2024 – Everfuel A/S today published its first quarter 2024 financial results.
Key events Q1 2024:
· HySynergy 1 start-up moved to second half 2024 due to failed commissioning tests of certain sub-systems provided by the supplier postponing internal Everfuel and supplier software validation · LOI with undisclosed industrial offtaker of green hydrogen in Germany · Political agreement in Denmark for financing of the hydrogen pipeline infrastructure · Five trailers in operation, serving the Heinenoord bus station and upcoming bus depots in Germany · Q1 EBITDA of EUR -2.6. million (EUR -5 million Q1 2023) · Cash position of EUR 25.4 million at end of March 2024 · Significant cost reduction in downstream business activities · Current liquidity position expected to fund investment and operation plans well into 2025 · Updated long-term ambition of >2 GW installed capacity, EUR >1 billion revenue by end-2035 with an EBITDA margin of 30-35%
Everfuel’s ambition is to make green hydrogen for zero emission industrial activity and mobility commercially available across Europe. Everfuel primarily focus on the development of large-scale green hydrogen production capacities starting in Denmark and providing green hydrogen for industrial and mobility users in Europe. The Company is engaging with partners, customers and authorities across the entire value chain, from production to distribution and fuelling, when executing its long-term strategy for value creation as a leading European green hydrogen company.
On May 8, Everfuel announced a Letter of Intent (LoI) with a large industrial offtaker in Germany for the supply of up to 10,000 tons of green hydrogen per year from 2028. Industrial-scale green hydrogen production, distribution and fuelling networks are required for Europe to meet stated climate targets. Everfuel’s activities support these targets and maintains the ambition of being one of the first green hydrogen companies to reach over EUR 1 billion in revenue from hydrogen sales to industry and mobility customers.
“Everfuel continues the implementation of our realigned strategy, prioritising the development of large-scale electrolysers supplying industry and heavy-duty mobility, while at the same time reducing cash burn and adding financial flexibility. Today, we present our updated long-term ambitions as a leading European independent hydrogen producer, enabling hard-to-abate industries to decarbonise, as reflected in the recent LOI signed with a new partner in Germany. Execution of our strategy is supported by the Hy24 JV, which positions us to accelerate the deployment of green hydrogen production to meet strong European demand growth driven by the urgent need for zero-emission energy and transport systems,” said Jacob Krogsgaard, the founder and CEO of Everfuel.
Following the strategy realignment, Everfuel has updated the company’s financial model and set new long-term ambitions based on the development of the hydrogen backbone infrastructure in line with agreements announced Danish and German Governments. Everfuel targets to have more than 2 GW of green hydrogen production capacity installed by end-of 2035 based on the execution of three electrolyser projects in Denmark, supporting the above-mentioned revenue target and an expected EBITDA margin of 30-35%. Total investments are forecast to around EUR 2 billion, of which EUR 300 million is expected externally raised equity financing and the remainder being expected cashflow from operations, debt at group and SPV level and various grants. Of the EUR 300 million equity requirement, approximately one-third has already been raised.
Everfuel recognises, that as an early mover in a new industry, the Company is breaking new ground and continuously contribute to constructive maturation of technology together with suppliers and stakeholders, exposing the Company to protracted political progress, immature technology, supply chain challenges, cost inflation and scarce resources including access to competence.
Key financials
Total revenue, representing the sale of hydrogen, projects and other operating income, was EUR 1.2 million in the first quarter of 2024, up from EUR 0.6 million in the same period of 2023. Total revenue included EUR 0.4 million in proceeds from sales of legacy assets related to the downstream business.
EBITDA was negative EUR 2.5 million (negative EUR 5.0 million in first quarter 2023). The improvement is driven by high-grading of the downstream project portfolio and optimised downstream operations as well as savings in group cost.
Total Group assets at 31 March 2024 were EUR 107.6 million, compared with EUR 111.2 million at year-end 2023. The increase in non-current assets reflects that the construction phase of HySynergy 1 is close to completion. The decrease in current assets reflects that accrued grants have been received and a reduction in in cash and cash equivalents. At period end, the cash position was EUR 25.4 million, compared to EUR 28.6 million at year-end 2023. The decrease reflects investments made during the period. Total equity amounted to EUR 67.5 million (EUR 70.3 million). Changes from year-end reflects the net loss in the period.
HySynergy 1 update
On 24 April 2024, Everfuel provided an update on the commissioning of the 20 MW HySynergy 1 electrolyser with focus on sub-systems required to start production and delivery of green hydrogen. The main electrolyser facility is ready for start-up, while some sub-systems experience delays following commissioning tests. This is impacting the planned start-up of the HySynergy 1 facility with production now expected to commence in the second half of 2024.
Testing, verification and certification is being executed in close cooperation with the electrolyser supplier, Nel, and other sub-suppliers with focus on the following areas; Gas holder rebuild, high-pressure systems, compressors and finalisation of software and automation, documentation and certifications. Everfuel and sub-suppliers have committed highest attention and priority for completing the remaining commissioning steps which are strongly interdependent with certain steps subject to specific time windows for external expertise to undertake testing and verification. As a consequence of the mentioned activities, commissioning of the main compressor, final validation of the high -pressure system and completion of the automation and software system are affected.
Outlook
Everfuel maintains a high level of activity related to multiple business development projects. For 2024, the completion of the HySynergy 1 commissioning and start of hydrogen deliveries will be the first major milestone. Everfuel continues to progress HySynergy 2 towards FID and are maturing the other large-scale electrolyser projects to be executed as SPVs under the strategic collaboration with Hy24.
The JV with Hy24 and the cooperation with ITOCHU and Osaka Gas are part of Everfuel’s strategy to systematically build a strong foundation for capitalisation of large-scale electrolyser projects under development. In 2024, the Company will continue to strengthen this foundation as part the ongoing engagement with existing and potential new strategic partners which support execution of Everfuel’s green hydrogen growth ambitions.
The financial results for the first quarter of 2024 reflect that the company is still in the initial stages of commercialising the green hydrogen value chain. HySynergy 1 is expected to have material positive impact on revenue generation when it is in operation. The delayed start-up will impact cash flow from hydrogen sales, however, Everfuel expects to have liquidity to finance the current approved investments well into 2025 before requiring additional equity. Longer-term, the combination of increased green hydrogen production, distribution and end-user deliveries are expected to drive revenue growth and cash generation. For 2024, Everfuel maintains the expectation to report a negative financial result, in the range of EUR 15 to EUR 11 million, with a significant improvement in cash flow compared to 2023.
Webcast
CEO Jacob Krogsgaard and CFO Jesper Ejlersen will present the company's results today at 09:00 CEST and invite investors, analysts, and media to join the live webcast presentation. The presentation is expected to last up to one hour, including Q&A, and can be followed via live webcast.
Join the results webcast on Teams via the following link: Q1 2024 results presentation
Questions can be submitted through the online webcast during the presentation. A recorded version of the presentation will be made available at www.everfuel.com after the presentation has concluded.
For further information, please contact:
Jesper Ejlersen, CFO, Everfuel, jej@everfuel.comMads Tirsgaard Mortensen, Investor Relations Director, Everfuel, mm@everfuel.com, +45 7730 4727
About Everfuel | www.everfuel.com
Everfuel own and operate green hydrogen infrastructure and partner with industry and vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean energy carrier made from renewable solar and wind power and key to decarbonising industry and transportation in Europe. We are an ambitious, rapidly growing company, headquartered in Herning, Denmark, and with activities in Denmark, Germany and The Netherlands, and a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Stora Enso estimates that the previous full year 2024 adjusted EBIT guidance will be exceeded, thanks to successful implementation of profit improvement actions and more favourable market conditions. The Company has therefore revised its full year 2024 adjusted EBIT guidance to be significantly higher (+50% and above) than the full year 2023 of EUR 342 million. The previous guidance for the full year 2024 was the adjusted EBIT to be higher (more than +15%, but less than +50%) than full year 2023.In the outlook comment in its Q1 2024 report, published on 25 April, Stora Enso stated that it anticipates a gradual recovery in market conditions in 2024, with increased demand for consumer board, higher pulp demand and prices. These market trends are continuing with improved volume and pricing. The Group’s profit improvement actions are becoming visible in the result development. Consequently, Stora Enso has revised its internal forecasts for the full year 2024 to a higher level than previously estimated.The outlook has improved due to increasing orderbooks and volumes for consumer board, as well as improved pricing outlook for the containerboard and consumer board businesses. Pulp prices continue to increase, and the outlook for the rest of this year is stronger than previously estimated. Challenging market conditions still continue in the Wood Products and Packaging Solutions divisions.Market uncertainties such as a continued high inflationary environment, strikes, demand and price development, and other external disruptions which may impact the Group’s profits, are still expected to persist towards the end of 2024. Stora Enso Oyj will publish its Half-year Report for January–June 2024 on Wednesday 24 July 2024 at approximately 8:30 EEST (7:30 CEST).Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors
STORA ENSO OYJ
This week, Eevia is at the annual Vitafoods Nutraceuticals tradeshow in Geneva. Vitafoods is a key event in the global nutraceutical industry, attracting over 16,000 industry experts from over 130 countries every year. The show has a leading position in the industry by maintaining a strong focus and high quality, including an extensive seminar program adjacent to the tradeshow floor.
«Eevia has received strong customer feedback on our recent research article comparing the company’s proprietary Fenoprolic® with the market-leading pine bark extract. The article showed a nearly identical bioactivity profile. The new data resulted in several serious discussions with prospects for the use of Fenoprolic® as an active ingredient in their supplements, and we expect some very nice starting orders at the show or soon after that,” states Anna-Maija Vanhatalo, Eevia’s sales manager for Europe.
For further information, please contact:
Stein Ulve, CEO, Eevia Health Plc
Email: stein.ulve@eeviahealth.com
Telephone: +358400 22 5967
INFORMATION ABOUT EEVIA HEALTH PLC
Eevia Health Plc, founded in March 2017, addresses significant health problems with bioactive compounds extracted from plant materials. The materials are primarily wild harvested from the pristine Finnish and Swedish forestsnearor above the Arctic Circle. The extracts are sold B2B as ingredients in dietary supplements and food brandsglobally. These global brands utilize the ingredients in their consumer product formulas.
Eevia Health is a manufacturer of 100% organically certified plant extracts.Although a significant product, Elderberry extract, is made from cultivated berries, most of Eevia’s other raw materials, such asbilberry,lingonberry,chaga-mushroom, and pine bark, are wild-harvested sustainably.
Eevia Health operates a modern green-chemistry production facility in Finland. Manufacturing natural ingredients near the raw material harvest areas, Eevia offers a short value chain with an environmentally friendly carbon footprint, competitive pricing, and extreme transparency. In June 2021, Eevia listed its shares on the Spotlight Stock Market in Sweden under the short name (ticker) EEVIA .
To learn more, please visit www.eeviahealth.comor follow Eevia Health on LinkedIn@EeviaHealth.
January–March 2024
· Net sales increased to SEK 7,720 million (7,140) · EBITA amounted to SEK 793 million (849), margin 10.3 per cent (11.9) · EBITA increased 16 per cent year-on-year after adjustment for the significant negative calendar effect in the quarter · EBIT amounted to SEK 778 million (839), margin 10.1 per cent (11.7) · Net debt amounted to SEK 3,118 million (2,916) · Net debt/EBITDA amounted to 1.1x (1.1) · Profit after tax decreased to SEK 558 million (625), corresponding to SEK 1.55 per share (1.75)
Comments from President and CEO Åsa Bergman:
"A positive start to the year
Sweco delivered a good first quarter. Net sales increased 8 per cent and EBITA improved 16 per cent, adjusted for the significant negative calendar effect from Easter.
The improvement was mainly driven by continued positive momentum in pricing as well as strong demand within the green transition in energy, transportation, industry and urban development. We are also seeing increasing demand in growth segments such as pharma, defence and data centres. Sweco’s strong market position is reflected in a growing order backlog.
Overall, the demand for Sweco’s services was favourable in most segments, although demand in residential and commercial buildings, as well as traditional industry, remained weaker.
A solid quarter with operational improvements
Net sales increased to SEK 7,720 million (7,140), with an organic growth of 4 per cent, adjusted for calendar. Nominally, EBITA decreased to SEK 793 million (849) and the margin to 10.3 per cent (11.9), both driven by the large negative calendar effect. Adjusted for calendar effects, EBITA increased 16 per cent or SEK 139 million.
The EBITA improvement was mainly driven by higher average fees, a growing number of employees and contribution from acquisitions, while higher personnel expenses and a lower billing ratio impacted negatively.
Six out of eight business areas reported positive organic growth and EBITA improvements. Sweco Belgium, Denmark and Sweden all reported good organic growth and EBITA improvements, with double-digit margins. Germany and Central Europe continued to improve operational performance with strong organic growth and an increasing EBITA and margin. Finland improved its margin in the quarter, partly driven by the previously communicated redundancy program, and is also taking further improvement actions. The Netherlands reported higher EBITA levels. The weaker performance in Norway is explained by the calendar effect from the early Easter holiday.
The repositioning of Sweco’s UK business is progressing and the performance improved significantly compared to the previous quarter. As part of the turnaround, the UK is making further personnel reductions in the first half of 2024.
Projects and acquisitions
The projects won in the first quarter highlight Sweco’s multi-disciplinary role in the green transition. In the Netherlands, Sweco won a SEK 1,100 million contract to support energy operator Gasunie in the development of new energy infrastructure for the transportation of hydrogen, carbon dioxide, renewable gas and heat. In Belgium, Sweco has been commissioned to design an open-access rail terminal in Zeebrugge’s back port and in Germany, Sweco will support the City of Bremen in the expansion of its public transportation. In Norway, we will provide architectural design to support a sustainable uplift of an urban area in Oslo.
In early January we closed the first acquisition this year – Econsultancy. With their team of 200 environmental experts, we are strengthening Sweco’s position and offering, both in the Netherlands and across Europe within ecological and environmental services.
Priorities going forward
Our focus ahead is clear: to capture growth opportunities in the market and deliver continued profitable growth, with improved margins. This requires investments in attractive segments in combination with firm measures to optimise our offering and efficiency. The actions we are taking in the UK, the adjustments of staffing in Finland, Norway and Sweden, and the ongoing organisational review to streamline our operations in all business areas are designed to drive efficiency. A lean, efficient and client-centric organisation has always been and will continue to be our recipe for success."
Information meeting Sweco's President and CEO Åsa Bergman and CFO Olof Stålnacke will present the report in a webcast and teleconference on May 16 at 09:00 CET.
· Webcast registration: Click here · Conference call registration: Click here
The goal is to support the communities in the analysis and preparations necessary to improve and secure water quality, purification, and capacity. In Kobleve, the focus will be on drinking water and wastewater treatment, while an entirely new wastewater treatment system is being planned for Dobroslav.
Sweco will further the efforts of the reconstruction and modernisation of the water supply system for drinking water intake, new/updated solutions for wastewater treatment, and monitoring quality and process automation systems, where special attention is paid to energy efficiency and strict emissions requirements.
The result will be an improved, expanded and more resilient water infrastructure and municipal service for residents, including internally displaced persons. The Sweco projects will begin in June 2024 and are expected to be completed in the first quarter of 2025.
The projects are financed by Swedfund, the Swedish state’s development finance institution, and will be conducted in accordance with national targets, EU standards and financial conditions from development banks.
Sweco supporting Ukraine
· Sweco is also helping build homes in six cities in western Ukraine · And securing a drinking water supply for 220,000 residents in the city of Kremenchuk
Studio is located in the Wola district in Warsaw. This area attracts an increasing number of companies interested in operating in this developing part of the city. The first phase offers a leasable space of 17,600 square meters, which is 98 percent let. Tenants include Société Générale Group companies, the insurance company Unum Życie, C.H. Robinson and Business Link, among others. The construction of the first building started in September 2021 and is just being completed this quarter.
Studio is developed with the aim to deliver sustainable office spaces, allowing responsible use of resources, and supporting the wellbeing of the tenants. It is certified according to LEED Core & Shell, Platinum level, and is also expected to receive WELL Core & Shell, WELL Health & Safety Rating and Building without Barriers.
Construction of the second phase started in the fourth quarter of 2023 and is scheduled for completion in the fourth quarter of 2025. In total, the project will offer a leasable area of approximately 43,000 square meters.
Metso’s Lokotrack[®] EC range brings a new diesel-electric power line to the aggregates market. All the process functions of the range are electric, significantly reducing the use of hydraulic oil needed in the crushing operations. All Lokotrack EC range units can be powered with external electricity.
In its Lokolaunch event in Tampere, Finland, Metso launched the first two products of the new EC range. Lokotrack LT400J is a 68-ton mobile jaw crusher designed for the primary crushing of hard rock and recycled aggregates. Lokotrack LT350C is a 50-ton mobile cone crusher for secondary and tertiary crushing. To reach high capacity, LT350C is equipped with the new Nordberg[®] HP350e cone crusher, while LT400J counts on the proven Nordberg[®] C120 jaw crusher. Both units can be seamlessly combined with each other as well as with the Lokotrack mobile screens to produce high quality aggregates.
“When external electricity is available, the new electric power transmission provides high capacity with minimized operational cost and CO2 emissions. When not available, the onboard diesel gensets allow maximum independent operation time. Also, auxiliary units, such as mobile screens and stackers, can be powered from the same gensets, which will further reduce the needed power to run the complete plant,” says Jarmo Vuorenpää, Director, New Lokotrack Offering at Metso.
Lokotrack EC range has been developed using new, modular architecture, which reduces the number of components and provides scalable solutions that can be adapted for different applications and capacities. “The new way to do product development enables a faster and more agile way to meet the changing customer needs. Furthermore, it enables more efficient support for the machines with less parts needed and easier upgrades of new features,” says Renaud Lapointe, Senior Vice President of Metso Products business line in the Aggregates business area.
All the components of the new EC range are designed and tested to perform in demanding conditions to reach maximum uptime for the customers. Safety and usability have been given special attention. The design of the LT400J and LT350C fulfills the latest safety standard while being easier to use than ever. With new digital tools, the units can be operated safely from the excavator and be quickly set from transport to operation.
About Metso’s Lokotrack[®] range
The concept of track-mounted crushers and screens was developed in Finland in 1985 to minimize cost and energy use. Lokotrack units are ideal for processing both natural aggregates and recycled materials. Lokotrack EC is a new diesel-electric range that complements the existing offering. Lokotrack EC range contributes significantly to Metso’s Planet Positive offering with lower CO2 emissions when operated with electric power. It also helps reduce carbon footprint due to the lower need for hydraulic oil.
Further information can be found on our website at Lokotrack EC - Metso .
Further information:
Jarmo Vuorenpää, Director, Aggregates, New Lokotrack offering, Metso, tel. +358 20 484 100, email: jarmo.vuorenpaa(at)metso.com
Helena Marjaranta, Vice President, Communications and Brand, Metso Corporation, tel. +358 20 484 3212, email: helena.marjaranta(at)metso.com
Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. We improve our customers’ energy and water efficiency, increase their productivity, and reduce environmental risks with our product and service expertise. We are the partner for positive change.
Headquartered in Espoo, Finland, Metso employs over 17,000 people in close to 50 countries and sales for 2023 were about EUR 5.4 billion. The company is listed on the Nasdaq Helsinki. metso.com, x.com/metsoofficial
Kemppi Oy's Board of Directors has elected Petri Suikkanen (51) as the new CEO of Kemptron Oy. He is currently Director, Finance and Operations at the health technology company Adamant Health Oy. Suikkanen will take up his new position on 1 August 2024.
Kemptron Oy is a new company that will be established within the Kemppi Group as a result of the partial demerger of Kemppi Oy. Electronics production and contract manufacturing will be transferred to the new sister company, known as Kemptron Oy, on 1 August 2024. During the summer, Petri will be familiarized with his duties at Kemptron in connection with the partial demerger project of Kemppi Oy, starting on 27 May.
Prior to his current position, Petri Suikkanen has had an extensive career as CFO in Saimaa Group Oy and Enics AG.
“We are very happy to welcome Petri to our new company, Kemptron. Petri brings with him extensive management and business experience and a solid track record of successfully solving and managing financial, commercial and strategic issues. He also has significant experience in international environments, having lived abroad for several years. In addition, he has solid expertise in EMS (Electronics Manufacturing Services), which will be particularly important as we create a new service culture and EMS way of working in our new company," says Teresa Kemppi-Vasama, Chair of the Board of Kemppi Oy.
“I am excited to be building a completely new company from scratch. This is a unique opportunity and I will be able to use the EMS expertise I have built up over almost 20 years and my experience of diversifying and growing the business into a successful independent industrial electronics player. Kemptron will focus, among others, on demanding power electronics, a field in which the Kemppi Group has decades of experience. By leveraging these strengths and expertise of the Kemppi Group and Kemppi Oy, and by adding the necessary elements of the EMS business to our operations, we will start to build Kemptron into a specialized EMS player offering its services to industrial OEM customers," says Petri Suikkanen.
Additional information:
Teresa Kemppi-Vasama,
Chair of the Board, Kemppi Oy
teresa.kemppi-vasama@kemppi.com
Mobile: +358 40 8384202
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These additions will enable more travelers to enjoy the ski resorts, dog sledding, and the opportunity to witness the northern lights during the upcoming winter season. SAS already serves the Scandinavian Mountains Airport (SCR) from Copenhagen and Aalborg during the winter season and will now open two more routes from Aarhus and London Heathrow. Additionally, three new seasonal routes are being introduced: Copenhagen to Finnish Rovaniemi, Copenhagen to Swedish Kiruna and London to Norwegian Tromsø.
Connectivity to Northern Scandinavia is further enhanced by additional frequencies to Tromsø, Longyearbyen/Svalbard, Luleå and Åre-Östersund on the existing routes from Copenhagen, Oslo and Stockholm.
“We see a significant rise in Europeans traveling to Northern Scandinavia during the winter season and we are very pleased to be able to increase our departures to this part of the world. Our winter program also includes improved connectivity between US and Asia and our Scandinavian as well as European destinations”, says Erik Westman, Chief Revenue Officer at SAS.
For Scandinavians seeking warmth during the winter season SAS is adding more flights to warm destinations such as Gran Canaria, Tenerife and Agadir. Bangkok will see a minimum of four weekly flights from Copenhagen throughout the season, increasing to five weekly from late December and daily from late January to early March. The US program is also expanding, featuring daily flights from Copenhagen to Los Angeles and Boston and double daily to New York (JFK and Newark), with improved schedules to facilitate connectivity at JFK. In addition, SAS continues its new route Copenhagen-Atlanta with five weekly frequencies during the winter season.
As is customary each winter season, there will also be a focus on European ski destinations like Zürich, Genève, Salzburg, Innsbruck, Milan, and Munich, particularly during the winter holidays.
Too book your next trip go here: https://www.flysas.com/en/destinations/
“Julia Lönnegren, Sustainability Manager TePe comments: “Our sustainability journey is about innovative solutions for reduced environmental impact and creating a lasting positive impact through education by inspiring good oral health and well-being globally.”
In 2023 TePe continued to use 100 % renewable energy in its state-of-the-art production facility in Malmö, Sweden and investments were made to expand the rooftop solar panel park further. TePe’s journey to phase out virgin fossil-based materials continues, and the launch of a new dental floss made entirely from recycled water bottles was an initiative supporting this journey while contributing to an interdental cleaning range made from renewable or recyclable materials.
Meanwhile, TePe’s goal of contributing to 25 million healthy smiles by 2030 is underpinned by the oral health expertise in driving oral health educational initiatives for social sustainable development worldwide.Sanjay Haryana, Dentist at TePe, comments: “Sustainability is more than just bringing down our own emission levels by using renewable energy and plastics from recycled or renewable sources. Good people is about health and well-being for people, the social pillar of sustainability. Not only can good health for people support the overall quality of their life but also have a positive impact on the environment and economy since better oral health means that fewer resources are needed, for example less clinical waste.
TePe’s sustainability report emphasizes the importance of working together in partnerships like the alliance with the Swedish Society of Periodontology and Implantology with the aim to inspire good oral health awareness globally. The report also shows TePe actively contributing to the STEPS research programme led by Lund University, a collaborative effort to bring researchers and industrial partners together to work towards a society where plastics are sustainably produced, used, and recycled in a circular economy.
Sanjay Haryana says: “Over the years, scientific evidence supporting the connection between oral and general health has grown significantly. Developing products in collaboration with dental professionals with environmental aspects in mind and without compromising on quality, hygiene and safety for patients is the way forward. Conscious choices of raw materials and supporting good oral health for all people is something TePe has focused strongly on ever since the start in 1965.”
TePe’s sustainability report is available on https://www.tepe.com/global/sustainability/
For more information, please contact Maria Swartling-Jung, Communications Manager, TePe Oral Hygiene Products AB, +46 40 670 11 00, maria.jung@tepe.com.
Yesterday marked the conclusion of the initial pilot test of ScaffSense, the world's first sensor-based stability alarm system for scaffolding. The pilot test went according to plan and with very positive results. ScaffSense AB, a joint venture between Kebni and Solideq Group, is now preparing for additional commercialization tests.
Sydställningar AB, one of Sweden's leading scaffolding installers, was the official partner for the pilot test.”Safe scaffolding is Sydställningar’s top priority, so partnering with ScaffSense to facilitate their pilot test was an easy decision. From what we’ve seen, ScaffSense might very well be a game-changer for the entire scaffolding industry. We are proud to be part of the movement and looking forward to continuing our collaboration with ScaffSense.” Says Jonas Möllerbro, CEO at Sydställningar.“From an owner perspective we have now passed an important gateway and are ready for the next step.” Says Torbjörn Saxmo, CEO at Kebni and Chairman of ScaffSense. Tobias Wreje-Larsson, CEO at ScaffSense, adds:“We are thrilled to confirm ScaffSense’s functionality and viability through this successful pilot. We are excited to move forward, getting the product ready to set a new standard for safety in the global scaffolding industry.”
Unsafe and collapsing scaffolding is a global problem that causes injuries, fatalities, and billions of dollars in costs for the construction industry every year. ScaffSense is a patent-pending alarm system that uses smart sensors to monitor the stability of the scaffolding in real time, preventing accidents and costly construction stops.
Contact:Maya Larsson, Head of Market Communications & IRir@kebni.com / 070-971 00 05About Solideq Group ABSolideq – Safe Access – operates in the scaffolding industry primarily in the Nordic countries but supplies all over the world. Solideq develops, produces, and sells scaffolding and weather protection equipment as well as other related products. We have customers within the fields of oil and gas, construction and shipping, but also sell directly to carpenters and consumers. The Group also conducts e-commerce, through the websites ställning.se, solideq.no, solideq.fi, stegproffsen.se and snickarkläder.se. For more information, visit www.solideq.com .
About Kebni AB (publ)Kebni has a long history and extensive experience in maritime and land-based satellite antenna solutions as well as advanced inertial sensing solutions. The company, headquartered in Stockholm, is a leading supplier of reliable technology, products and solutions for satellite communications, security, positioning, and stabilization. Kebni serves products and solutions to government, military, and commercial customers globally. Kebni’s share (KEBNI B) is traded on the Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission. For more information, visit www.kebni.com.
"Anna Wenger is awarded the prize in the category of basic science research for advanced basic science studies on malignant gliomas in children and adults. The studies provide new knowledge about epigenetic differences and cancer stem cells different types of glioma. The results can be of great benefit for the development of better diagnostics and choice of treatment for patients with glioma," says Eva Forssell-Aronsson, professor at the University of Gothenburg and executive member of the Assar Gabrielsson Foundation in the citation.
"Sara Bjursten receives the award in the category of clinical research for clinically important and well-conducted research regarding immunotherapy in cancer patients. The studies provide new knowledge about side effects in the central nervous system, especially with regard to T cells and biomarkers in the blood. The results may lead to new strategies for early detection of side effects in these patients," says Professor Eva Forssell-Aronsson.
Assar Gabrielsson was one of the founders of Volvo. In accordance with his wishes, a fund was established for clinical research of cancer diseases. The fund has existed since 1962. It primarily supports research projects that are considered promising but have not yet reached the weight that provides funding from major research funds.
May 16[th], 2024
Journalists who want further information, please contact:
Torbjörn Holmström, Chairman of the Assar Gabrielssons Foundation, 031 66 10 73, or Eva Forssell-Aronsson, Executive Member of the Assar Gabrielsson Foundation, 070 372 26 26.
For more information, please visit volvogroup.com For frequent updates, follow us on X: @volvogroup
The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2023, net sales amounted to SEK 553 billion (EUR 48 billion). Volvo shares are listed on Nasdaq Stockholm.
The project includes the demolition of Randolph Hall and the construction of a new and expanded 26,500-square meter facility to house multiple College of Engineering departments. The new facility, Mitchell Hall, is slated to add over 70 percent more gross square meters in the same footprint. Construction will also include working around the existing stability wind tunnel, one of the largest university-owned wind tunnels in the country. The tunnel will remain and will be enclosed within Mitchell Hall. Once completed, Mitchell Hall will be the largest building on the university’s Blacksburg campus.
Construction will begin in spring 2024 with the initial demolition of Randolph Hall. It has a target completion date of spring 2028.
As two leading companies in the commercial vehicle industry, Volvo Group and Daimler Truck share the ambition to lead the digital transformation to software-defined heavy-duty commercial vehicles. To amplify their efforts, both companies have reached a preliminary agreement to establish a joint venture to develop a common software-defined vehicle platform and dedicated truck operating system, providing the basis for future software-defined commercial vehicles. The intention is to make the new joint venture a leading developer of standardized hardware and software. This technical basis will then enable Volvo Group and Daimler Truck and potentially other partners to provide differentiating digital vehicle features for its products ultimately enhancing customer efficiency and experience.
Volvo Group and Daimler Truck intend to be 50/50 partners in the joint venture, which will operate as an independent entity, with Volvo Group and Daimler Truck continuing to be competitors in all other areas of business. In the context of the already heavy-investments into the transformation towards CO2-neutral drive technologies, cooperation on digital technology development has become even more vital to best meet development objectives and customer expectations within a feasible timeframe.
Martin Lundstedt, Volvo Group President and CEO adds: “Volvo Group and Daimler Truck are two individually great companies. Now we are combining our forces to accelerate the customer benefits that a software-defined truck platform will bring. Given the rapid transformation of our industry, it makes sense to collaborate to accelerate development, increase volumes and share cost. Software-defined heavy-duty trucks represent a paradigm shift in the transformation of our industry. Making the truck a programmable device with standardized hardware and operating system for fast product updates will give both companies the opportunity to create value for our customers and their customers though differentiating digital services and solutions. Partnership is truly the new leadership.”
Martin Daum, CEO of Daimler Truck comments: “Just as important as the transformation towards CO2-neutral drive technologies is the digitalization in the vehicle. Developing a common software-defined vehicle platform with Volvo Group will enable us to turn our vehicles into a programmable device. It will allow us to build differentiating digital vehicle features with significantly greater speed and efficiency for our truck and bus customers around the globe. Together with the Volvo Group we can develop a benchmark truck operating system and set an industry standard.”
The joint venture is set to be headquartered in Gothenburg, Sweden, incorporating existing assets and resources of both companies into the new organization. The goal of both shareholders is to set the industry standard for a truck operating system and offer its products to other OEMs as well. To that end the joint venture will provide a common developer platform as a service, on top of which its customers can build differentiating software layers.
Volvo Group and Daimler Truck therefore will remain fierce competitors and continue to differentiate their complete product and services offerings, including their respective digital solutions. Both companies will provide their own end-user applications on top of the platform to offer differentiating digital vehicle features to their respective customers.
The now signed preliminary agreement is non-binding. A final agreement is expected within this year, with the goal to close the final transaction in Q1 2025, subject to necessary examination and approvals by the respective authorities.
May 17[th], 2024
Contact Volvo Group:Claes Eliasson, Volvo Group, +46 76 553 72 29, press@volvo.com
Contact Daimler Truck:Paul Mandaiker, +49,176 30999267, paul.mandaiker@daimlertruck.com
For more information, please visit volvogroup.com For frequent updates, follow us on X: @volvogroup
The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2023, net sales amounted to SEK 553 billion (EUR 48 billion). Volvo shares are listed on Nasdaq Stockholm.
K-Prefab AB, a subsidiary of K-Fast Holding AB (“K-Fastigheter”), has signed an agreement with Noccon AB regarding a full service concrete frame for the construction of new apartments, commercial premises and parking garage in Årstaberg in Stockholm municipality. Noccon’s end customer is Wallenstam AB.
K-Prefab is to carry out a complete contract (ABT-U) with K-Prefabs concrete frame system in full including casted and painted facades. In total, the Årstaberg project in Stockholm comprises around 400 apartments, commercial premises, and a parking garage with two levels. The project will be certified with Miljöbyggnad Silver version 4.0.
”This is K-Prefabs largest single order in history and I am both happy and proud that we have been selected to deliver a complete frame solution for a project of this size. It is another testament of our strong product and our competitiveness as a frame contractor” says Stefan Paulsson, CEO of K-Prefab.
Production of the prefabricated concrete elements and construction will be carried out in phases, with construction of the first main phase starting in Q1 2025. The order value amounts to about SEK 200 million.
For more information, please contact:Stefan Paulsson, CEO of K-Prefabe-post: stefan.paulsson@k-prefab.se, telephone: +46 10-161 83 49Johan Hammarqvist, Head of Investor Relations and Communicationse-mail: johan.hammarqvist@k-fastigheter.se, telephone: +46 10 167 60 99
K-Fastigheter is much more than a property company. Through an integrated process, we build our business in the two business segments Construction and Property Management. In business segment Construction the objective is to deliver completed housing units based on the Group’s concept houses, developed in-house, as well as high-quality frame solutions. Our prefab operations is organized in the subsidiary K-Prefab. To enhance cost efficiency and cut construction times, K-Fastigheter has chosen to work with three concept houses for housing, developed in-house. Business segment Property Management manages the Groups property portfolio with focus on housing. K-Fastigheter offers more than 5,000 homes from Copenhagen in the south to Gävle in the north and is continuously assessing new markets. K-Fastigheter strive to create attractive homes with a high comfort factor. The Group’s property portfolio has a book value SEK 15,3 billion. Annual rental value in invest properties under management amounts to SEK 686 million. Since November 2019, the company’s Class B shares have been traded on Nasdaq Stockholm (under the ticker: KFAST B). Read more at k-fastigheter.com
Bioretec Ltd is pleased to announce that Mr. Alan Donze has been appointed CEO of Bioretec as of today, 20 May 2024. He will start in this position immediately. With a distinguished career spanning the banking and medical device industries, Mr. Donze brings a wealth of experience and expertise to the Bioretec organization.
Mr. Donze began his career journey in the banking industry, serving as the Vice President of Commercial Lending and Leveraged Finance for a regional predecessor to Chase bank. He left banking to begin his medical device career as a Regional Sales Representative for Stryker Endoscopy in 1991. Over his 13 years at Stryker, Mr. Donze’s responsibilities increased to various senior management positions, including Vice President General Manager of Stryker Endoscopic Service and Vice President General Manager of Stryker Communications, a division he was given the tremendous opportunity to create and build from the ground up. Mr. Donze has also held senior leadership positions for a number of other medical device and technology companies including Smith+Nephew, Bioventus, and Lima Corporate and venture-led startups such as Isotis Orthobiologics, Aerobiotix and Rx.Health. Mr. Donze received his Bachelor of Science in Finance from Louisiana State University.
"We are excited to announce the appointment of Alan Donze as our new Chief Executive Officer. With his proven track record of leadership and vision, we are confident that Alan will lead our company to new heights of commercial success. Alan brings with him 30 years of sales and marketing leadership experience in medical devices, where he has demonstrated a deep understanding of market dynamics and a relentless drive for excellence. His strategic insights and passion for Bioretec's mission make him the ideal leader to guide us into the future," says Tomi Numminen, Bioretec's Chairman of the Board.
"I am honored to be given the opportunity to lead Bioretec to the next level and deeply appreciate the confidence placed in me by the Board of Directors. Bioretec’s groundbreaking work in developing alternatives to traditional metal implants represents a significant advancement in the medical field. Our products have the potential to reduce the need for invasive surgeries and improve patient outcomes, aligning with a critical need within the healthcare community.I am eager to contribute to Bioretec’s mission by expanding our efforts to introduce these transformative solutions to the benefit of many more patients. I look forward to the journey ahead and to our continued growth and success,” says Alan Donze.
Timo Lehtonen, Bioretec's CEO since 2019, will transfer to the position of Chief Technology Officer (CTO) and continue to lead the development of Bioretec’s future product pipeline.
"It has been a privilege to lead Bioretec since 2019 and support its remarkable growth through interesting, challenging times. I am excited to focus my efforts on advancing the RemeOs™product pipeline. Together with Alan, I am confident we will continue to strengthen our growth and transform bone fracture care. In my forthcoming role as CTO, I will leverage my extensive experience in innovation, product development, and regulatory expertise to support the management team and our skilled personnel. Our goal is to achieve the best possible outcomes in redefining bone fracture treatment and improving patients' quality of life," says Timo Lehtonen.
"I would like to thank Timo Lehtonen for his passionate and dedicated leadership as our CEO over the past five years. Under his guidance, Bioretec has grown strongly and strengthened its position as a leading innovator in biodegradable technologies. With its biodegradable metal implants, the company has significantly modernized the surgical treatment of bone fractures, which significantly increases the quality of the lives of the patients. Our mutual and succesful path with Timo continues while he assumes the role of CTO in which role he continues to provide important support for the future development of our product pipeline," says Chairman of the Board Tomi Numminen.
Further enquiries
Tomi Numminen, Chairman of the Board, tel. +358 40 581 2132
Certified advisor
Nordic Certified Adviser AB, +46 70 551 67 29
Information about Bioretec
Bioretec is a globally operating Finnish medical device company that continues to pioneer the application of biodegradable orthopedic implants. The company has built unique competencies in the biological interface of active implants to enhance bone growth and accelerate fracture healing after orthopedic surgery. The products developed and manufactured by Bioretec are used worldwide in approximately 40 countries.
Bioretec isdevelopingthe new RemeOs™product linebased on a magnesium alloy and hybrid composite, introducing a new generation of strong biodegradable materials for enhanced surgical outcomes. The RemeOs™ implants are absorbed and replaced by bone, which eliminates the need for removal surgery while facilitating fracture healing. The combination has the potential to make titanium implants redundant and help clinics reach their Value-Based Healthcare targets while focusing onvalue for patients through efficient healthcare. The first RemeOs™ product market authorization has been received in the U.S. in March 2023, and in Europe, the CE-mark is expected to be received during the second quarter of 2024. Bioretec is positioning itself to enter the addressable USD 7 billion global orthopedic trauma market and become a game changer in surgical bone fracture treatment.
Better healing – Better life. www.bioretec.com
The repurchases form part of the repurchase program of a maximum of 2,154,000 own ordinary shares for a total maximum amount of SEK 1,000,000,000 that EQT announced on 22 April 2024. The repurchase program, which runs between 23 April 2024 and 24 May 2024, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) No 2016/1052.
EQT ordinary shares have been repurchased as follows:
Date: Aggregated daily Weighted average Total daily volume (number of share price per day transaction value shares): (SEK): (SEK):13 May 2024 93,897 325.5542 30,568,562.7214 May 2024 85,726 334.5773 28,681,973.6215 May 2024 101,127 340.4761 34,431,326.5716 May 2024 108,624 347.3181 37,727,081.2917 May 2024 115,054 340.6818 39,196,803.82Total 504,428 338.2163 170,605,748.01accumulatedoverweek20/2024Total 1,589,234 314.0822 499,150,095.37accumulatedduring therepurchaseprogram
All acquisitions have been carried out on Nasdaq Stockholm by Skandinaviska Enskilda Banken AB on behalf of EQT.
Following the above acquisitions and as of 17 May 2024, the number of shares in EQT, including EQT’s holding of own shares is set out in the table below.
[][] Ordinary shares Class C shares[1] TotalNumber of issued 1,245,048,412 881,555 1,245,929,967sharesNumber of shares 62,064,063 - 62,064,063owned by EQTAB[2]Number of 1,182,984,349 881,555 1,183,865,904outstandingshares
1) Carry one tenth (1/10) of a vote.2) EQT AB shares owned by EQT AB are not entitled to dividends or carry votes at shareholders’ meetings.
A full breakdown of the transactions is attached to this announcement.
ContactOlof Svensson, Head of Shareholder Relations, +46 72 989 09 15 EQT Press Office, press@eqtpartners.com, +46 8 506 55 334