HANZA is moved up to Nasdaq Mid Cap
HANZA AB (publ), one of the Nordic region's leading contract manufacturers, will be moved up to Nasdaq Stockholm's Mid Cap segment as of the first day of trading next year, which is January 2, 2024.
As a consequence of the company's continued increase in market value, HANZA is now taking the step from the Small Cap to the Mid Cap segment.
"The move to Mid Cap is further proof of a working business model. We are proud of our company's strong history and look forward to continuing to develop in the coming years", says Erik Stenfors, CEO of HANZA.
HANZA was listed on the Small Cap segment on March 25, 2019, and has since then experienced very strong growth, both organically and through acquisitions. At the time of the listing, HANZA had an annual turnover of SEK 1.8 billion. In the interim report for the third quarter of 2023, HANZA reported a rolling 12-month turnover of over SEK 4 billion. In December this year, HANZA completed an acquisition that brings HANZA's pro forma turnover to over SEK 5 billion.
The change from Small Cap to Mid Cap comes as a result of Nasdaq's annual review of the market value of listed companies. The Mid Cap segment includes companies with a market capitalization of between EUR 150 million and EUR 1 billion.
The shares will be traded with both an unchanged short name and ISIN code.
For further information please contact:
Erik Stenfors, CEO
+46 709 50 80 70
e-mail: erik.stenfors@hanza.com
Lars Åkerblom, CFO
+46 707 94 98 78
lars.akerblom@hanza.com
About HANZA
HANZA is a global knowledge-based manufacturing company that modernizes and streamlines the manufacturing industry. Through supply-chain advisory services and with production facilities grouped into regional manufacturing clusters, we create stable deliveries, increased profitability and an environmentally friendly manufacturing process for our customers. The company was founded in 2008 and in 2022 had sales exceeding SEK 3.5 billion. The company has six manufacturing clusters: Sweden, Finland, Germany, Baltics, Central Europe and China. Among HANZA's clients are leading companies such as 3M, ABB, Epiroc, GE, Getinge, John Deere, Mitsubishi Logisnext, Oerlikon, Perkin Elmer, SAAB, Sandvik, Siemens and Tomra. HANZA is listed on Nasdaq Stockholm's main list.
For more information please visit: www.hanza.com
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