Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Rejlers AB (publ)    REJL B   SE0000123671

REJLERS AB (PUBL)

(REJL B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Rejlers : divests Embriq and focuses on accelerating growth in the core engineering business

09/01/2020 | 09:16am EST

Rejlers AB (publ) ("Rejlers") has divested 100% of the shares in Rejlers Embriq AS and Rejlers Embriq AB (together "Embriq") to funds advised by Magnesium Capital LLP ("Magnesium Capital") for a cash consideration of NOK 400 million on a cash and debt free basis.

Rejlers have decided to focus on its core Engineering consulting operations in Sweden, Norway and Finland. A sale of Embriq would enable Rejlers to accelerate investments in growing those core operations while allowing Embriq, with high focus on services and products, to explore its full potential with a dedicated and focused new owner. The Board of Rejlers therefore resolved to selectively explore a potential sale of Embriq. To this end, Rejlers engaged in discussions with several potential buyers of Embriq during the spring and summer of 2020, aimed at providing the company and its shareholders with the best possible transaction outcome in terms of value and deal certainty.

In 2019, Embriq recorded sales of around NOK 400 million and EBIT of just over NOK 20 million. Embriq employs around 170 staff.

Viktor Svensson, CEO of the Rejlers group, comments:
"This is a transaction perfectly in line with our new strategy to focus on Rejlers core operations. The target is to double the company with increased profitability by the end of 2025. It is also pleasing to conclude that Embriq has had a significant value development in Rejlers in less than five years. I am positive Embriq will have a continuous great development with Magnesium Capital".

In connection with the divestment of Embriq, Petter Arnesen has been appointed new CEO of Rejlers Norway AS and will be part of Rejlers Group management. Petter Arnesen has worked at Rejlers for 10 years in senior positions, most recently in the role of Division Manager for Buildings in Norway.

Danske Bank acted as Corporate Finance advisor, Haavind as legal adviser and EY as financial vendor due diligence advisor to Rejlers in connection with the transaction.

For further information, please contact:   
Viktor Svensson, President and CEO, +46 70-657 20 26, viktor.svensson@rejlers.se
Anna Jennehov, CFO, +46 73-074 06 70, anna.jennehov@rejlers.se

This is information that Rejlers AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 1 September 2020, 15:15 CEST.

About Rejlers
Rejlers is one of the leading engineering consultancy firms in the Nordic region. With our vision "Home of the learning minds" as a beacon, we create a platform for continuous learning, development and growth. Increased learning that creates added value for both customers and employees. We have 2,400 dedicated experts with cutting-edge expertise in technology areas such as energy, industry, infrastructure, real estate and telecom. We are close to our customers and are represented in Sweden, Finland, Norway and the United Arab Emirates. In 2019, the company had a turnover of 2.6 billion SEK and its class B share is listed on Nasdaq Stockholm. www.rejlers.com

https://news.cision.com/rejlers/r/rejlers-divests-embriq-and-focuses-on-accelerating-growth-in-the-core-engineering-business,c3186811

https://mb.cision.com/Main/6235/3186811/1300864.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

09/01/2020 | 09:16am EST
All news about REJLERS AB (PUBL)
11/20REJLERS : Agder Energi Nett renews agreement with Rejlers Elsikkerhet
PU
10/23REJLERS : Interim report Rejlers AB January - September 2020
AQ
10/01REJLERS : Planetcon Oy become part of Rejlers Finland
AQ
09/28REJLERS : awarded EPC contract for major industry project in Finland
AQ
09/28REJLERS : awarded EPC contract for major industry project in Finland
PU
09/01REJLERS : divests Embriq and focuses on accelerating growth in the core engineer..
AQ
08/18REJLERS : acquires telecom business from Finnish consulting firm Sitowise
PU
08/18REJLERS : förvärvar telekomverksamhet från finska konsultföretaget Sitowise
PU
07/16REJLERS PUBL : Interim report Rejlers AB January - June 2020
AQ
07/09REJLERS PUBL : technical partner in modernisation of three Swedish hospitals
AQ
More news
Financials
Sales 2020 2 686 M 312 M 312 M
Net income 2020 333 M 38,7 M 38,7 M
Net cash 2020 12,2 M 1,41 M 1,41 M
P/E ratio 2020 7,54x
Yield 2020 1,76%
Capitalization 2 510 M 291 M 292 M
EV / Sales 2020 0,93x
EV / Sales 2021 0,90x
Nbr of Employees 2 211
Free-Float 78,1%
Chart REJLERS AB (PUBL)
Duration : Period :
Rejlers AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends REJLERS AB (PUBL)
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 123,00 SEK
Last Close Price 127,50 SEK
Spread / Highest target -3,53%
Spread / Average Target -3,53%
Spread / Lowest Target -3,53%
EPS Revisions
Managers
NameTitle
Viktor Svensson President & Chief Executive Officer
Jan Peter Rejler Chairman
Anna Jennehov Chief Financial Officer
Björn Lauber Director
Jan Åke Harald Samuelsson Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
REJLERS AB (PUBL)6.69%291
CINTAS CORPORATION34.48%37 859
TELEPERFORMANCE29.94%19 676
UNITED RENTALS31.80%15 856
EDENRED-0.28%13 402
INTERTEK GROUP PLC4.92%13 136