Esmaeilzadeh Holding AB publishes report for the first quarter 2022

“During the first quarter, EHAB strengthened its cash position with a bond loan of SEK 1.2 billion and is therefore in a very good position to finance the high level of activity in our portfolio. At the same time, EHAB continues to pursue its strategic and long-term initiatives to achieve economies of scale and to streamline and consolidate the portfolio, which we believe will benefit both investors and our portfolio companies.” - Saeid Esmaeilzadeh, CEO

Financial overview

• Total net asset value was SEK 4,374 million (SEK 277 million), equivalent to SEK 5,770 per share (SEK 1,107) compared to
• SEK 4,514 million and SEK 5,995 per share at the end of the fourth quarter in 2021.
• The balance sheet total was SEK 5,506 million (SEK 279 million), compared with SEK 4,516 million at the end of the fourth quarter in 2021.
• Net cash/-debt amounted to SEK -584.1 million (SEK 11.6 million), resulting in a loan-to-value ratio (LTV) of 13% (0%) The equity ratio was 79% (99%).
• Profit for the quarter amounted to SEK -140 million (SEK -0) and earnings per share amounted to SEK -185 million (0 SEK).

Significant events during the first quarter of 2022

• In January of 2022, EHAB issued a bond loan of 1.2 billion under a framework of SEK 2.4 billion in total. The bond loan has been listed for trading on Frankfurt Open Market.
• EHAB held an extraordinary general meeting in February 2022, whereby Roberto Rutili and Fredrik Holmström were elected as board members.
• During January and February, EHAB acquired shares in Sdiptech AB for a total of SEK 96.5 million.
• During the first quarter, EHAB issued a short-term bridge loan equivalent to SEK 139 million to Rebellion Capital AB to facilitate additional acquisitions, and also made certain short-term loans to the portfolio companies Äleven through SLDB AB (SEK 99 million) and Centripetal Partner AB (SEK 50 million) to facilitate further acquisitions and investments.
• EHAB has made shareholder contributions to the portfolio companies Plenius AB (SEK 101.7 million), Eitrium AB (SEK 36.5 million) and Samfastigheter i Norden AB (SEK 15.0 million) in order to finance their continued growth.
• In March EHAB acquired shares in Novedo totalling SEK 17.6 million.
• In March EHAB acquired its outstanding bond for SEK 64.4 million.

Significant events after the quarter

• In April and May, EHAB provided certain short-term loans to the portfolio companies Crutiq AB (SEK 30 million), Centripetal Partner AB (SEK 20 million) and Eitrium AB (SEK 69 million) to facilitate further acquisitions and investments.
• In May the portfolio company Rebellion issued a bond under a framework of SEK 1 billion. The company has also secured a private placement of SEK 200 million during the same period.
• In May EHAB issued loans to Plenius totalling EUR 12 million. Later in the same month, Plenius completed its first three acquisitions.
• In April, EHAB invested in Kaperia AB, a new company in the operational groups segment, with the intention of acquiring and developing companies in SaaS.
• In May, EHAB made an equity injection in Mirovia of SEK 100 million.
• During May, EHAB resolved on a consolidation of certain portfolio companies in order to create a new group, Lyvia Group. Lyvia Group will form a pan-European operational group with its primary focus on TMT.

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 27 May 2022, 08:00 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 4.4 billion. For more information, see www.ehab.group.