Esmaeilzadeh Holding AB publishes interim report for the first nine months of 2022

“The last nine months have underlined the fundamental strength of our portfolio. Despite significant external challenges, performance has been maintained, transactions have been completed and the company has diversified geographically. EHAB’s investment portfolio now consists primarily of well-established operational groups with profitable businesses in numerous sectors. It is this structure that offers protection. During the third quarter, we had a lower rate of investments than the previous two quarters, along with a greater focus on further developing the operational activities of the portfolio companies. Our companies are standing on solid ground and able to deliver according to their growth plans.” - Saeid Esmaeilzadeh, CEO

Results and financial position for the interim period

• Total net asset value was MSEK 7,645 (2,699), equivalent to 10,086 SEK per share (5,538).
   
• The balance sheet total was MSEK 8,914 (2,700).
   
• Net cash/-debt amounted to MSEK -1,054 (2), resulting in a loan-to-value ratio (LTV) of 14% (0%) The equity ratio was 86% (100%).
   
• Profit for the nine-month period amounted to MSEK 3,131 (1,151) and earnings per share amounted to SEK 4,131 (4,577). Profit/loss for the third quarter amounted to MSEK -9 (1,151) and earnings per share amounted to SEK -11 (4,524).

Significant events during the third quarter of 2022

• During July, EHAB divested shares in Lyvia at a value of MSEK 86, to key persons in Lyvia Group. The shares corresponded to 1.7% of EHAB’s ownership in the Lyvia Group before the disposal. Payment was made by offsetting liabilities that arose during the restructuring of Lyvia.
   
• Lyvia decided on a directed new share issue of MSEK 284. The issue was primarily aimed at selected new investors and key persons in Lyvia Group.
   
• During July, EHAB’s bond loan was listed on Nasdaq Stockholm’s corporate bond list under the ticker EHAB01.
   
• During August, Novedo successfully issued additional bonds of MSEK 250 as part of its existing bond loans. The company thus increased the total volume outstanding to MSEK 1,000.

Significant events after the period

• In November, Spartacus Partners AB’s general meeting decided to distribute all its shares in Botello, Dentalum, Novedo and Samfastigheter, plus a receivable. Thus, these portfolio companies’ shares are now owned directly by EHAB, which results in a simpler structure.
   
• EHAB has acquired a claim on Centripetal Partner AB amounting to MSEK 20, plus interest, and shares in Centripetal Partner AB of MSEK 11, from Dr. Saeid. In addition, on 22 November 2022, Centripetal Partner AB decided on a new issue of shares, whereby EHAB offset loans to Centripetal Partner AB of MSEK 46 against shares at a valuation of MSEK 455.

• EHAB has convened an extraordinary general meeting which is planned to take place on 30 November 2022. Numerous decisions are expected to be made, including share issues and an increase in the number of board members to six people. Rasmus Ingerslev has been proposed as a new member of the board.

• Novedo and Rebellion each announced their first acquisitions of companies in Denmark, thereby expanding the groups’ presence beyond Sweden’s borders.

Video conference

The company’s CEO, Saeid Esmaeilzadeh, will present the report during a video conference meeting on Wednesday, 30 November 2022, at 10:00 CET. After the presentation, participants will have the opportunity to ask questions.

Link to the video conference meeting: Interim Report - Video Conference Meeting

For more information, please contact:

Saeid Esmaeilzadeh, CEO and Founder

Phone: +46 707 18 70 61

Email: saeid@ehab.group 

Nils Fredrik Lagerstrand, 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 November 2022, 09:00 CET.

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 7.6 billion. For more information, see www.ehab.group.