Esmaeilzadeh Holding AB publishes interim report for the first half-year of 2022

“During the second quarter, EHAB has consolidated a number of portfolio companies to form Lyvia Group, a pan-European group focusing on the technology sector. Lyvia gives us economies of scale and enables synergies in acquisition processes, operational activities, financing, but also in relation to the European expansion. We are already seeing major advantages with the group and are looking forward to its continued development.” - Saeid Esmaeilzadeh, CEO

Results and financial position for the interim period

• Total net asset value was SEK 7,654 million (31/12, 2021: SEK 4,514 million, 30/6, 2021: SEK 277 million), equivalent to SEK 10,097 per share (31/12, 2021: 5,955, 30/6, 2021: SEK 1,107).
• The balance sheet total was SEK 8,953 million (31/12, 2021: SEK 4,516 million, 30/6, 2021: SEK 277 million).
• Net cash/debt totalled SEK -1,015 million (31/12, 2021: SEK 16 million, 30/6, 2021: SEK 4 million), which results in a Loan-To-Value Ratio (LTV) of 13% (31/12, 2021: 0%, 30/6, 2021: 0%). The equity ratio was 85% (31/12, 2021: 100%, 30/6, 2021: 100%).
• Profit for the six month period amounted to MSEK 3,140 (MSEK 0) and earnings per share amounted to MSEK 4,142 (MSEK 0). Profit for the second quarter amounted to MSEK 3,280 (MSEK 0) and earnings per share amounted to SEK 4,327 (SEK 0).

Significant events during the second quarter of 2022

• During May, EHAB decided to conduct a merger of several portfolio companies, thereby forming a new group, Lyvia Group AB. The company constitutes a pan-European group of companies with a focus on the technology sector. The merger means, among others, that the former portfolio companies Crutiq, Eitrium, Mirovia and Plenius are now part of the Lyvia Group.
• In May, the portfolio company Rebellion issued a bond within a framework of SEK 1 billion. The company has also secured a new targeted share issue of SEK 200 million during the same period. EHAB invested SEK 77 million in the share issue where a large number of new investors participated.
• During May, Rebellion amortised the loan from EHAB which amounted to SEK 139 million.
• During the second quarter, EHAB has invested a total of SEK 746 million in Lyvia, primarily through shareholder contributions and the acquisition of shares from minority owners in the companies that have become part of the Lyvia Group.
• During June, EHAB granted a short-term loan of SEK 40 million to Lyvia.
• During the second quarter, EHAB provided loans to the portfolio company Centripetal Partner AB totalling SEK 38 million to facilitate further acquisitions and investments.

Significant events after the period

• During July, EHAB divested shares in Lyvia at a value of SEK 86 million, to key persons in the Lyvia Group. Shares corresponded to 1.7% of EHAB’s ownership in Lyvia Group before the disposal. Payment was made by offsetting liabilities that occurred during the restructuring of Lyvia.
• Lyvia decided on a targeted share issue which amounted to SEK 283.8 million. The issue was primarily aimed at selected new investors and key persons in the Lyvia Group.
• EHAB issued a short-term loan to Centripetal in July, which amounted to SEK 25 million.
• During July EHAB’s bond loan was listed at Nasdaq Stockholm’s corporate bonds list under the ticker EHAB01.

Video conference

The company’s CEO, Saeid Esmaeilzadeh, will present the report during a video conference meeting on Tuesday, 30 August 2022, at 13:00 am CEST. After the presentation, participants will have the opportunity to ask questions.

Link to the video conference meeting: https://teams.live.com/meet/9491377813289 

For more information, please contact:

Saeid Esmaeilzadeh, CEO and Founder

Phone: +46 707 18 70 61

Email: saeid@ehab.group 

Nils Fredrik Dehlin, General Counsel & IR

Phone: +46 720 90 26 99

Email: nilsfredrik@ehab.group

The information was submitted for publication, through the agency of the contact persons set out above on 29 August 2022, 09:00 CEST.

About Esmaeilzadeh Holding AB (publ)

EHAB is an investment company that manages and establishes acquisition-oriented companies within a variety of industries and deep niches. EHAB's portfolio is constantly evolving as new opportunities and interesting niches are identified. EHAB’s net asset value amounts to approximately SEK 7.7 billion. For more information, see www.ehab.group.