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  • ITAB Shop Concept
    Box 9054, SE-550 09 Jönköping. Visiting address: Instrumentvägen 2.
    +46 (0) 36 31 73 00
    http://www.itab.com
  • Andréas Elgaard

    President & CEO


    ITAB Shop Concept AB, Box 9054, SE-550 09 Jönköping. Visiting address: Instrumentvägen 2, 550 09 JÖNKÖPING
    +46 36 31 73 00
    +46 73 232 16 35
    http://www.itab.com

    • Quotes

    Compared to last year 2021 have had a good start and during the second quarter the currency adjusted growth was 34% with 13% coming from the acquisition of Cefla Retail Solutions. The customer sector Grocery is leading the growth with 24% for the first half year.
    Andréas Elgaard, CEO & President ITAB
    The year started well with currency-adjusted growth of 13 percent, mainly driven by strong growth in Southern Europe, with largest increase in our largest customer category, Grocery. The acquisition of Cefla Retail Solutions contributed 9 percent and organic growth was 4 percent.
    Andréas Elgaard, CEO & President
    We are proud that existing shareholders so clearly support the rights issue and we see this as an indication of trust in ITAB’s transformation plan. We are now seeing the end of a long process and I would like to thank all shareholders, the board and the Macquarie, Vinge, ITAB and Nordea team for all of the hard work and a great collaboration that resulted in an oversubscribed rights issue. I look forward to being able to focus our efforts at establishing ITAB as the leading European solution provider.
    Andréas Elgaard, President & CEO
    During the quarter, we continued to focus on our customers and to transform ITAB according to plan, with shown results. Our solutions create clear added value for our customers while protecting their staff and consumers in a market that is challenging and dynamic.
    Andréas Elgaard, President & CEO ITAB
    ITAB’s staff and partners have continued to support our customers in a very good way during the quarter. This includes developing solutions to protect our customers, their staff and consumers, as well as managing challenges with to closed borders and countries through immediate cost savings.
    Andréas Elgaard - CEO & President
    Cefla has a strong position in southern Europe and we see their expertise and long tradition in the Grocery sector as strategically important for ITAB as it strengthen our market presence in southern Europe. We welcome Cefla's employees and the collaboration with them in the coming years. Together, we will develop the offer to Cefla's existing customers by being able to offer ITAB’s solutions in checkouts, selfcheckouts, gates, lighting, store fittings and interactive digital products to create easy, efficient and inspiring consumer experiences.
    Andréas Elgaard, President and CEO of ITAB
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    ITAB has been honoured with two leading retail awards

    ITAB Germany GmbH has been recognized with the EHI Reta Award 2021 in the category Top Supplier Retail 2021 “Best In Store” solution for the delivery and installation of a complete consumer centric checkout area in the grocery retailer Edeka Oertwig in Schleswig Holstein, Germany. The award honours retail companies and their partners for outstanding technology projects and is given by the EHI Retail Institute GmbH. For more information about the award please visit www.reta-europe.com/winners/. ITAB Shop Concept China Co Ltd has been recognized with the Retail Asia Award 2021 for Best Pop

    Interim Report January - June 2021

    APRIL − JUNE 2021 · Net sales increased by 30.3 % to SEK 1,488 million (1,142) · Operating profit amounted to SEK 38 million (34) · Profit after financial items amounted to SEK 16 million (7) · Profit after tax amounted to SEK 9 million (4) · Earnings per share amounted to SEK 0.03 (0.04) · Cash flow from operating activities amounted to SEK -158 million (257) In 2021, non-recurring items impacted the profit after financial items by SEK -43 million (-30). · EBITDA excluding non-recurring items amounted to SEK 144 million (128) · Net debt amounted to SEK 1,

    Interim Report January − March 2021

    JANURAY − MARCH 2021 ·  Net sales increased by 7.6 % to SEK 1,523 million (1,416) ·  Operating profit amounted to SEK 102 million (41) ·  Profit after financial items amounted to SEK 69 million (27) ·  Profit after tax amounted to SEK 50 million (18) ·  Earnings per share amounted to SEK 0.38 (0.19) ·  Cash flow from operating activities amounted to SEK 102 million (126) ·  Net debt amounted to SEK 878 million (2,472)  ·  Net debt excl. lease liability decresed to SEK 222 million (1,741)  In 2021, non-recurring items impacted the profit after financial items by

    Execution of the annual general meeting’s resolution on the removal of share classes in ITAB Shop Concept AB

    The annual general meeting in ITAB Shop Concept AB, held earlier today on 11 May 2021, resolved to amend the Articles of Association, whereby class A shares and class B shares will be removed by which the company will only have one share class.All of the company’s existing shares consist of class B shares and there are no class A shares outstanding. In connection to the removal of the share classes, the company’s shares will receive the new ISIN code SE0015962097 and the new ticker “ITAB”. The new share will take over the existing trading venue for the class B share on Nasdaq Stockholm. The

    Communiqué from ITAB Shop Concept AB (publ)’s annual general meeting on 11 May 2021

    ITAB Shop Concept AB (publ) (”ITAB”) reports that the annual general meeting held today voted in favor of all proposals from the board of directors, the nomination committee and the major shareholders. Due to the extraordinary situation resulting from the covid-19 pandemic, the annual general meeting was carried out through postal voting, without any physical attendance.The annual general meeting adopted the annual report for the financial year 2020 and resolved that no dividend shall be paid to the shareholders. The annual general meeting also meeting also discharged the members of the

    Notice to annual general meeting in ITAB Shop Concept AB (publ)

    The shareholders in ITAB Shop Concept AB (publ), Reg.No. 556292-1089, with its registered office in Jönköping county, Sweden, are hereby summoned to the annual general meeting to be held on Tuesday 11 May 2021.Due to the extraordinary situation resulting from the covid-19 pandemic, the annual general meeting will be carried out through advance voting (postal voting) pursuant to temporary legislation. No meeting with the possibility to attend in person or to be represented by a proxy will take place. A pre-recorded presentation with the CEO, Andréas Elgaard, will be published on the

    Change in number of shares and votes in ITAB

    The number of shares and votes in ITAB Shop Concept AB (publ) (“ITAB” or the “Company”) has changed during the month of March as a result of the previously announced recapitalisation.As previously communicated, the Board of Directors of ITAB, with the authorisation from the extraordinary general meeting held on 15 January 2021, resolved on a rights issue in February. In addition, the extraordinary general meeting resolved upon a set-off issue on 15 January 2021, and during February, at the request of the holders of the class A shares in the Company, that all of the class A shares would be

    ITAB'S recapitalisation completed - the rights issue oversubscribed

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED KINGDOM, THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, HONG KONG, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION, NOTICE OR DISTRIBUTION WOULD VIOLATE APPLICABLE LAWS OR RULES OR WOULD REQUIRE ADDITIONAL DOCUMENTS TO BE PREPARED OR REGISTERED OR REQUIRE ANY OTHER MEASURES TO BE TAKEN, IN ADDITION TO THE REQUIREMENTS UNDER SWEDISH LAW. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE. ITAB Shop Concept AB (publ) (“ITAB” or the “

    ITAB publishes prospectus relating to the rights issue

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED KINGDOM, THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, HONG KONG, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION, NOTICE OR DISTRIBUTION WOULD VIOLATE APPLICABLE LAWS OR RULES OR WOULD REQUIRE ADDITIONAL DOCUMENTS TO BE PREPARED OR REGISTERED OR REQUIRE ANY OTHER MEASURES TO BE TAKEN, IN ADDITION TO THE REQUIREMENTS UNDER SWEDISH LAW. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE.   ITAB Shop Concept AB (publ) (“ITAB” or

    ITAB has resolved upon the previously announced rights issue and announces complete terms and conditions

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED KINGDOM, THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, HONG KONG, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION, NOTICE OR DISTRIBUTION WOULD VIOLATE APPLICABLE LAWS OR RULES OR WOULD REQUIRE ADDITIONAL DOCUMENTS TO BE PREPARED OR REGISTERED OR REQUIRE ANY OTHER MEASURES TO BE TAKEN, IN ADDITION TO THE REQUIREMENTS UNDER SWEDISH LAW. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE.   To read the full press release, please

    Year-End Report January – December 2020

    THE INTERIM PERIOD JANUARY–DECEMBER 2020 · Net sales decreased -12% to SEK 5,323 million (6,064) · Operating profit amounted to SEK 112 million (257) · Profit after financial items amounted to SEK 0 million (174) · Profit after tax amounted to SEK -22 million (120) · Earnings per share amounted to SEK -0,21 (1,17) · Cash flow from operating activities amounted to SEK 811 million (478) In 2020, non-recurring items impacted the profit after financial items by SEK -208 million (16). · EBITDA excl. non-recurring items amounted to SEK 578 million (516)  OCTOBER–

    ITAB expects higher adjusted EBITDA result for the financial year 2020 compared to the preliminary guidance from 10 July 2020

    ITAB Shop Concept AB (publ) (“ITAB”) expects to report an adjusted EBITDA result, before non-recurring costs for the financial year ending 31 December 2020, which will be significantly higher than communicated in ITAB's preliminary guidance on 10 July 2020.The improvement in results is explained by increased sales with higher profitability and earlier effects of the company's savings than previously anticipated. The uncertainty regarding distribution and production due to the ongoing pandemic has made it difficult to forecast with precision. Adjusted EBITDA for the financial year 2020

    Communiquè from Extraordinary General Meeting in ITAB Shop Concept AB (publ) on 15 january 2021

    The extraordinary general meeting in ITAB Shop Concept AB (publ) today made the following resolutions in accordance with the proposals of the board of directors and the nomination committee, in order to carry out the recapitalisation that the company intends to carry out according to what was communicated through a press release on 4 December 2020. Due to the extraordinary situation resulting from the COVID-19 pandemic the extraordinary general meeting was carried out through postal voting, without physical presence.AUTHORISATION TO RESOLVE ON RIGHTS ISSUEThe meeting resolved, in

    Notice to Extraordinary General Meeting in ITAB Shop Concept AB (publ)

    The shareholders in ITAB Shop Concept AB (publ), Reg.No. 556292-1089, with its registered office in Jönköpings county, are hereby summoned to an extraordinary general meeting to be held on 15 January 2021.Due to the extraordinary situation resulting from the covid-19 pandemic, the extraordinary general meeting will be carried out through advance voting (postal voting) pursuant to temporary legislation. No meeting with the possibility to attend in person or to be represented by a proxy will take place.   Preconditions for participation in the extraordinary general meeting

    ITAB announces its intention to conduct a recapitalisation through a rights issue of MSEK 768 and the entry of a new long-term, active owner

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, HONG KONG, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION, NOTICE OR DISTRIBUTION WOULD VIOLATE APPLICABLE LAWS OR RULES OR WOULD REQUIRE ADDITIONAL DOCUMENTS TO BE PREPARED OR REGISTERED OR REQUIRE ANY OTHER MEASURES TO BE TAKEN, IN ADDITION TO THE REQUIREMENTS UNDER SWEDISH LAW. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE.   To read the full press release, please see: https://

    Interim Report January - September 2020

    THE INTERIM PERIOD JANUARY - SEPTEMBER 2020 · Net sales decreased -16% to SEK 3,816 million (4,547) · Operating profit amounted to SEK 158 million (296) · Profit after financial items amounted to SEK 85 million (237) · Profit after tax amounted to SEK 55 million (178) · Earnings per share amounted to SEK 0.53 (1,74) · Cash flow from operating activities amounted to SEK 511 million (240) In 2020, non-recurring items impacted the profit after financial items by SEK -54 million (62). · EBITDA excl. non-recurring items amounted to SEK 406 million (425)  JULY -

    ITAB aquires Cefla’s retail solutions business unit and strengthens the market position in southern Europe

    ITAB La Fortezza s.p.a. has entered into a Sale and Purchase Agreement with Cefla soc. coop. to acquire Cefla's retail solutions business unit.ITAB Shop Concept AB's (publ) Italian subsidiary ITAB La Fortezza s.p.a. (“ITAB”) has on October 8th, 2020 entered into an agreement with Cefla soc. coop. (“Cefla”) to acquire 81% of Cefla’s retail solutions business unit. The business unit will be carved-out of Cefla’s existing structure and transferred to a newly established Italian limited liability company. ITAB has the right to acquire Cefla's minority stake held in said company after 3 years

    Communiqué from Extraordinary General Meeting in ITAB Shop Concept AB (publ) on 22 July 2020

    At the Extraordinary General Meeting in ITAB Shop Concept AB (publ), the shareholders resolved, in accordance with the proposal of the board of directors, to approve that ITAB enters into short-term shareholders’ loans with Pomona-gruppen AB (controlled by board member Fredrik Rapp), VIEM Invest AB (controlled by board member Anna Benjamin) and Övre Kullen AB (controlled by board member Petter Fägersten). The loans equals a total of SEK 140 million and the running interest is the same as in the previously announced Nordea credit facility and cannot be less than 4.00 per cent per annum.

    ITAB publishes EBITDA guidance for the financial year 2020 and its mid-term profitability ambition and announces the intention to carry out a capital raise to strengthen ITAB’s financial position

    As a result of the evolving situation with Covid-19 and the consequent impact on our customers, ITAB has decided to provide preliminary EBITDA guidance for the financial year ending 31 December 2020, which is subject to change given the evolving situation with Covid-19.ITAB currently expects EBITDA for the financial year ending 31 December 2020 to be in the range of 380 to 420 MSEK before non-recurring costs which amount to approximately 100 MSEK, primarily relating to operational restructuring costs. The total restructuring costs for the One ITAB transformation plan are estimated to be in

    Interim Report January - June 2020

    THE INTERIM PERIOD JANUARY - JUNE 2020 · Net sales decresed -18% to SEK 2,558 million (3,134) · Operating profit amounted to SEK 75 million (251) · Profit after financial items amounted to SEK 34 million (208) · Profit after tax amounted to SEK 22 million (156) · Earnings per share amounted to SEK 0.23 (0.52) · Cash flow from operating activities amounted to SEK 383 million (223) In 2020, non-recurring items impacted the profit after financial items bySEK -42 million (75).   APRIL - JUNE 2020 · Net sales decresed -25% to SEK 1,142 million (1,531) ·

    Notice to extraordinary General Meeting in ITAB Shop Concept AB (publ)

    The shareholders in ITAB Shop Concept AB (publ), Reg.No. 556292-1089, with its registered office in Jönköpings county, are hereby summoned to an extraordinary general meeting to be held on 22 July 2020.Due to the extraordinary situation resulting from the covid-19 pandemic, the extraordinary general meeting will be carried out through advance voting (postal voting) pursuant to temporary legislation. No meeting with the possibility to attend in person or to be represented by a proxy will take place. Preconditions for participation in the extraordinary general meeting Shareholders who

    ITAB has renegotiated terms of its credit facilities and intends to enter into short-term shareholders’ loans subject to general meeting approval

    ITAB Shop Concept AB (publ) has renegotiated terms of its EUR 200,000,000 credit facility with Nordea and its approx. EUR 28,000,000 loan agreement with Svensk Exportkredit.Under the Nordea facility, the parties have agreed to realign the debt structure into a long-term facility of EUR 100,000,000 and short-term facility of EUR 75,000,000. The total credit facility will hereafter be EUR 175,000,000. The available credit for ITAB under the facility from Svensk Exportkredit remains unchanged.  ITAB will be subject to interim financial covenants under both the Nordea and the Svensk

    ITAB and OMBORI presents new platform together with strong partners, that supports retailers seamless multichannel ambitions

    Ombori (partly owned by ITAB) have developed the next generation of Ombori Grid, a digital platform, that together with our development partners Microsoft and Samsung will support retailers in their ambitions to create seamless multichannel experiences.Customer expectations in retail have been changing rapidly and with the consequences of COVID-19 the pace of change is increasing dramatically. Today’s retailer has an immediate need to transform their stores for impending consumer needs, behavioural changes and trends. The platform for digital experiences in physical spaces, called Ombori

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