Esmaeilzadeh Holding AB publishes year-end report for 2021

“During the fourth quarter, our portfolio companies have delivered in accordance with EHAB’s expectations, both in terms of identification of interesting companies to acquire as well as actual new acquisitions. A number of new, stable and profitable companies have joined the group. EHAB has further grown through acquisitions of minority stakes in its existing portfolio companies.”

Saeid Esmaeilzadeh, CEO

Financial overview

• The total net asset value amounted to 4,514 MSEK (277 MSEK), corresponding to 5,955 SEK per share (1,107 SEK), compared to 2,699 MSEK and 5,538 SEK per share at the end of the third quarter 2021.
• The balance sheet total was 4,516 MSEK (279 MSEK), compared to 2,700 MSEK at the end of the third quarter 2021.
• Net cash / debt amounted to 15.8 MSEK (11.3 MSEK), which results in a loan-to-value ratio (LTV) of 0% (0%). The equity ratio was 100% (99%).
• The profit for the quarter was 299 MSEK (-5 MSEK) and the result per share was 574 SEK (-21 SEK). The result for the year was 1,450 MSEK (20 MSEK) and the result per share was 4,618 SEK (78 SEK).
• The Board proposes that no dividend is to be paid.

Significant events during the fourth quarter

• EHAB held an Extraordinary General Meeting in October 2021. The Meeting resolved on a share split, whereby each share was split into ten shares.
• EHAB established a new portfolio company, Crutiq, with the objective to acquire companies in the staffing and recruitment sector.
• Novedo carried out a share issue of 150 MSEK and announced its ambition to be listed on an exchange within 18 months. Novedo issued a bond in the amount of 750 MSEK. During the quarter, Novedo acquired four companies.
• Dentalum carried out a share issue of 170 MSEK at a valuation of 1.2 BSEK. Dentalum further announced its ambition to be listed on an exchange within 18 months. During the quarter, the company acquired two companies.
• Centripetal carried out a share issue of 72 MSEK at a valuation of 412 MSEK. EHAB subscribed for shares in the amount of 20 MSEK.
• In December 2021, EHAB acquired shares in Sdiptech, Novedo, Dentalum, and Samfastigheter i Norden, as well as indirect holdings in Äleven and Mirovia, for 1,416 MSEK, partly against promissory notes, partly against cash. The promissory notes have been offset against B-shares in EHAB.
• EHAB held an Extraordinary General Meeting in December 2021. The meeting resolved to carry out a share issue of 270,619 shares of class B, partly as payment to the sellers of the minority stakes in accordance with the above, partly to broaden the shareholder base.
   

Significant events after the quarter

• During January 2022, EHAB issued a bond loan of 1.2 BSEK under a framework of 2.4 BSEK. The bond loan has been admitted to trading on Frankfurt Open Market.
• EHAB has established a new company, Ametalis AB, with the objective of acquiring companies with a focus on niche and profitable companies with a clear sustainability profile.
• During January and February, EHAB acquired 267,764 B shares in Sdiptech for a total of 96.3 MSEK.
• EHAB held an Extraordinary General Meeting in February 2022, where Roberto Rutili and Fredrik Holmström were elected as Board Members.

Video conference

The company’s CEO, Saeid Esmaeilzadeh, will present the report during a video conference meeting on Tuesday, 1 March 2022, at 09:30 am CET. After the presentation, participants will have the opportunity to ask questions.

Link to the video conference meeting: https://teams.live.com/meet/9422653037268

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 28 February 2022, 08:00 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 4.5 billion. For more information, see www.ehab.group.