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    STOR B   SE0016797732

STORSKOGEN GROUP AB (PUBL)

(STOR B)
  Report
Delayed Nasdaq Stockholm  -  11:29 2022-12-01 am EST
8.176 SEK   +2.38%
11/25Annette Brodin Rampe acquired additional unknown minority stakes in Storskogen Group AB (OM:STOR B) for SEK 1.7 million.
CI
11/15Transcript : Storskogen Group AB, Q3 2022 Earnings Call, Nov 15, 2022
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11/15Interim report January-September 2022
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Storskogen enters into a new term facility agreement

09/23/2022 | 03:41am EST

Storskogen Group AB (publ) ("Storskogen") has entered into a new, unsecured syndicated term facility agreement of EUR 300 million. The purpose of the facility agreement is to refinance a portion of the outstanding revolving loan under Storskogen's existing revolving credit facility agreement, dated 24 September 2021, of EUR 1 billion. Thereby increasing the group's overall financial flexibility.

The new facility, which is denominated in EUR, has a term of 1.5 years with an extention option of 1 year. The agreement was reached with a group of core relationship banks.

"We are very pleased with the solid support from our relationship banks to continue our strategy with this additional syndicated loan facility" says Lena Glader, CFO.

The short-term bank facility agreement of EUR 500 million, dated 28 March 2022, has not been utilised and was cancelled on 22 September 2022.

Bankbrokers acted as financial advisor and coordinator, and Mannheimer Swartling Advokatbyrå acted as legal advisors to Storskogen in connection with the transaction.

For more information, please contact:

Lena Glader, CFO
+46 73 988 44 66
lena.glader@storskogen.com

Erik Kronqvist, Head of IR
+46 70 697 22 22
erik.kronqvist@storskogen.com

This press release contains inside information that Storskogen Group AB (publ) is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the above contact persons on 23 September 2022 at 09.40 CET.

About Storskogen

Storskogen acquires and manages well-managed and profitable small and medium-sized enterprises within the business areas Industry, Trade and Services in the Nordic countries, DACH, the United Kingdom, and Singapore. On 30 June 2022, Storskogen consisted of 132 business units with a total of over 12,000 employees and a trailing annual turnover (RTM) of around SEK 36 billion.

https://news.cision.com/storskogen-group-ab/r/storskogen-enters-into-a-new-term-facility-agreement,c3635532

https://mb.cision.com/Main/20705/3635532/1630129.pdf

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

All news about STORSKOGEN GROUP AB (PUBL)
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Financials
Sales 2022 32 889 M 3 096 M 3 096 M
Net income 2022 1 426 M 134 M 134 M
Net Debt 2022 14 119 M 1 329 M 1 329 M
P/E ratio 2022 9,33x
Yield 2022 1,10%
Capitalization 13 287 M 1 251 M 1 251 M
EV / Sales 2022 0,83x
EV / Sales 2023 0,70x
Nbr of Employees 12 532
Free-Float 80,6%
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Technical analysis trends STORSKOGEN GROUP AB (PUBL)
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TrendsNeutralNeutralBearish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 7,99 SEK
Average target price 14,67 SEK
Spread / Average Target 83,7%
EPS Revisions
Managers and Directors
Daniel Samuel Kaplan Chief Executive Officer
Lena Paulina Glader Chief Financial Officer
Annette Brodin Rampe Chairman
Lars Johan Thorell Director
Carl Alexander Murad Bjńrgňrd Director & Head-Mergers & Acquisitions
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