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    BRAV   SE0007491303

BRAVIDA HOLDING AB (PUBL)

(BRAV)
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Delayed Nasdaq Stockholm  -  11:29 2022-08-17 am EDT
96.80 SEK   -1.63%
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Bravida expands its electrical systems business and strengthens its position in the Umeň area by acquiring JZ Elteknik AB

06/30/2022 | 07:01am EDT

Bravida is acquiring the company JZ Elteknik AB, thereby strengthening its electrical systems business in the Umeå area. The company has sales of SEK 12 million and ten employees.

JZ Elteknik AB was founded in 2011 by current co-owner and CEO Jonny Zakrisson. The company is active throughout Västerbotten in the areas of electrical systems and electricity in control, and performs both installation and service work. It is based in Umeå and its customers include Umeå Energi, Brattby Såg, Umeva and numerous local customers. 

"JZ Elteknik is a strong local company with a good reputation and I am very pleased that it is now becoming part of Bravida Umeå. The company will complement our already strong electrical service business in Umeå and the surrounding area, and also strengthen our automation efforts by providing electrical control competence," comments Olle Näsvall, Regional Manager for Region Nord at Bravida

Current co-owner and CEO Jonny Zakrisson and co-owner Mattias Lövström will continue to work in the business when it becomes part of Bravida. Jonny Zakrisson comments:

"We will now be able to offer our customers even better service due to having a larger organisation behind us. Bravida is a secure and stable long-term employer for our employees, who will have even greater opportunities to develop."

Bravida will become the new owner on 1 July 2022.

For further information, please contact: 
Liselotte Stray
Head of Group Communications
liselotte.stray@bravida.se
+46 (0)76 852 38 11
 

Good properties make a difference - that's why Bravida exists. As the Nordic region's leading supplier of end-to-end technical solutions in service and installation, we help our customers create effective and sustainable properties. 

Bravida's long-term goal is to be carbon-neutral throughout the value chain by 2045. We have 12,000 employees and a presence in over 170 locations in Sweden, Norway, Denmark and Finland. Bravida's shares are listed on Nasdaq Stockholm. www.bravida.se

https://news.cision.com/bravida-holding-ab/r/bravida-expands-its-electrical-systems-business-and-strengthens-its-position-in-the-umea-area-by-acq,c3593666

https://mb.cision.com/Main/8835/3593666/1598790.pdf

https://news.cision.com/bravida-holding-ab/i/bild-jz-elteknik-ab,c3066022

(c) 2022 Cision. All rights reserved., source Press Releases - English

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07/15TRANSCRIPT : Bravida Holding AB, Q2 2022 Earnings Call, Jul 15, 2022
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Financials
Sales 2022 24 783 M 2 382 M 2 382 M
Net income 2022 1 200 M 115 M 115 M
Net Debt 2022 1 120 M 108 M 108 M
P/E ratio 2022 16,5x
Yield 2022 3,22%
Capitalization 19 717 M 1 895 M 1 895 M
EV / Sales 2022 0,84x
EV / Sales 2023 0,77x
Nbr of Employees 12 000
Free-Float 98,3%
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Number of Analysts 4
Last Close Price 96,80 SEK
Average target price 111,67 SEK
Spread / Average Target 15,4%
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Per Evert Mattias Johansson President & Chief Executive Officer
Asa Neving Chief Financial Officer
Knut Fredrik Jochum Arp Chairman
Magnus Hamerslag Head-Operations Development
Anders Staffan Pňhlsson Independent Director
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