Esmaeilzadeh Holding publishes interim report for the first quarter of 2023

“EHAB began the new year on a positive note, as we received a significant cash flow boost through a bond loan expansion of MSEK 375. This enhanced liquidity provides us with an increased flexibility to support the ongoing growth of our portfolio companies. We see a good development in our investment portfolio and our operational groups consistently showcase their adeptness in effectively combining acquisition-driven and organic growth. We look forward to continuing to work together with the portfolio companies throughout the year to successfully execute on our strategic plans.” - Saeid Esmaeilzadeh, Chief Executive Officer

Financial overview

• Total net asset value was MSEK 7,579 (4,374), equivalent to SEK 9,833 per share (5,770).
• Total assets were MSEK 9,139 (5,506).
• Net cash/-debt amounted to MSEK -1,296 (-584), which corresponds to a loan-to-value ratio (LTV) of 17% (13%) The equity ratio was 83% (79%).
• Loss for the first quarter amounted to MSEK -28 (-140) and earnings per share amounted to SEK -36 (-185).

Significant events during the first quarter of 2023

• In January, EHAB issued additional bonds at a nominal value of MSEK 375 as part of existing bond loans.
• In the first two months of 2023, EHAB sold shares in Sdiptech AB (publ) for a value of MSEK 87. Furthermore, EHAB entered into an agreement with Systematic Group AB to swap 424,000 Class A shares, which EHAB owned in Sdiptech AB (publ), for the same number of Class B shares in the same company. The swap gives EHAB more flexibility to trade with these holdings.
• In February, Novedo issued additional bonds of MSEK 250 as part of the existing bond loans.
• In March, EHAB acquired shares in Eitrium AB from Lyvia Group AB and Lyvia Group Holding AB. The purchase price consisted of cash and amounted to MSEK 136 in total.
• In March, Botello decided to terminate the operations. This as a result of worse macroeconomic and commercial conditions for delivering according to the company’s plans

Significant events after the period

• In April, EHAB acquired the remaining outstanding shares in Eitrium AB for MSEK 11, which means that EHAB now owns 100% of Eitrium. 
• In May, EHAB announced an expected revaluation of Lyvia Group due to an intended target share issue in the company. The new share issue is expected to take place at a pre-money valuation of BSEK 6.

Video conference

The company’s CEO, Saeid Esmaeilzadeh, will present the report during a video conference meeting on Tuesday, 16 May 2023, at 13:00 CEST. After the presentation, participants will have the opportunity to ask questions. Participants can join the conference through the following link:

Video conference meeting - Interim report - Q1 2023

For further information, please contact:

Saeid Esmaeilzadeh, CEO and founder

+46 707 18 70 61, saeid@ehab.group

Nils Fredrik Lagerstrand, General Counsel & Deputy CEO

+46 720 90 26 99, nilsfredrik@ehab.group

The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CEST on 15 May 2023.

About Esmaeilzadeh Holding AB (publ)

EHAB is an entrepreneurially driven investment company that invests in and develops resilient companies within selected industries. The primary focus is investments in operational groups with opportunities for both organic and acquisition-based growth. For more information, see www.ehab.group.