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    CARY   SE0016609671

CARY GROUP HOLDING AB (PUBL)

(CARY)
Delayed Nasdaq Stockholm  -  11:29:31 2022-10-18 am EDT
76.05 SEK   +5.63%
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Cary Group acquires Autoglas Luxemburg

11/03/2022 | 07:00am EST

Cary Group has acquired Autoglas Luxemburg, a vehicle glass repair and replacement company in Luxemburg.

“We are happy to announce our acquisition of Autoglas Luxemburg, yet another step in our European consolidation journey. The company has a strong market position and solid customer relations with both insurance-, fleet and leasing companies,” says Anders Jensen, CEO Cary Group.

Cary Group acquires 75% of Autoglas from its current owner Stéphane Deleuze who will remain as part owner in the business going forward. The company has four own workshops and one service point. Revenues for 2021 amounted to approximately 2 MEUR. Cary Group already has one workshop in Luxemburg via the German company Zentrale Autoglas, active in vehicle glass repair and replacement for bus and coach.

For more information, please contact:

Anders Jensen, CEO, Cary Group
Tel.: +46 10 121 96 12

Helene Gustafsson, Head of IR & Corporate Communication
Tel.: +46 708 684 050
Email: helene.gustafsson@carygroup.com

About Cary Group
Cary Group specialises in sustainable solutions for vehicle glass repair and replacement, with a complementary offering in vehicle damage repair. With good accessibility, high-quality products and smart solutions, we help our customers make simplified and sustainable choices. We call it Smarter solutions for sustainable car care. For more information, please visit www.carygroup.com.

© Modular Finance, source Nordic Press Releases

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Financials
Sales 2021 2 130 M 201 M 201 M
Net income 2021 24,4 M 2,30 M 2,30 M
Net Debt 2021 1 222 M 115 M 115 M
P/E ratio 2021 511x
Yield 2021 -
Capitalization 10 027 M 964 M 945 M
EV / Sales 2020 -
EV / Sales 2021 7,21x
Nbr of Employees 2 069
Free-Float 88,8%
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Managers and Directors
Anders Peter Jensen Chief Executive Officer
Rizwan Joakim Rasiwala Chief Financial Officer
Juan Vargues Chairman
Mia Ejendal Chief Operating Officer
Joakim Andreasson Independent Director