Plantasjen refines its operations to improve profitability
Plantasjen has signed an agreement to sell its subsidiary Spira (formerly SABA Blommor AB), a supplier of flowers and plants to grocery retailers in Sweden. The buyer is the Dutch firm Groenland BV.With some 110 employees, the company has annual sales of approximately SEK 350m. Over the last 12 months Spira has negatively impacted Plantasjen’s EBITA by approximately SEK -30m. The accounting effect of the sale is estimated at approximately SEK -30m, which will negatively impact Plantasjen’s EBITA for the second half of 2019. “The sale of Spira is one of several measures being