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    TRIFOR   CH1111227810


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Press Release : 22/2021 Trifork Holding AG shares to begin trading on SIX Swiss Exchange

06/17/2021 | 11:52am EDT

Company announcement no. 22 / 2021

Schindellegi, Switzerland -- 17 June 2021

Trifork Holding AG shares to begin trading on SIX Swiss Exchange

Trifork Holding AG (Trifork), a next-generation IT and business services provider which strives to be at the forefront of digital innovation, announces the decision to list its shares on SIX Swiss Exchange as a dual-listing following the successful IPO and listing on Nasdaq Copenhagen. It is planned that the Trifork shares will be traded in accordance with the International Reporting Standard of SIX Swiss Exchange as of 28 June 2021. Trifork's current market capitalization is DKK 3.55 billion or approximately CHF 522 million.

Julie Galbo, Chairperson of Trifork, said:

"A Swiss listing of Trifork further underlines our international growth ambitions and promotes our position as one of the most innovative IT solution providers to both private and public customers in Denmark, Switzerland, the Netherlands and the United Kingdom. We also believe that the listing on SIX Swiss Exchange will enhance Trifork's visibility and improve our ability to attract talented employees."

Jørn Larsen, Founder and CEO of Trifork, said:

"The listing in Switzerland is another milestone for our company. A dual-listing in Copenhagen and Zurich is a good platform to continue our growth journey and to continue to make innovative software solutions that make life better and easier for everyone."

Listing structure

   -- All of the company's 19,744,899 shares with a nominal value of CHF 0.10 
      per share will be listed. Trifork will not issue any new shares in 
      connection with the listing on SIX Swiss Exchange. 
   -- 500,000 shares, which may be issued out of Trifork's conditional capital, 
      will be listed and will be admitted (upon issuance) continuously to 
      official trading and listing in accordance with the International 
      Reporting Standard of SIX Swiss Exchange. 
   -- Largest shareholders of Trifork are Founder and CEO Jørn Larsen with 
      19.30%, Ferd AS with 10.0002%, Kresten Krab Thorup Holding ApS with 6.63%, 
      Chr. Augustinus Fabrikker Akts. with 5.10% and Danica Pension with 3.88% 
      of the share capital and voting rights. 
   -- Trifork shares will be included in the SPI index (Swiss Performance 
      Index) and the SPI sub-indices expected as of 29 June 2021. 
   -- Trading of Trifork's shares on Nasdaq Copenhagen will continue in 
      addition to the listing on SIX Swiss Exchange. All Trifork shares have 
      the same security number (ISIN) and are tradeable on both stock 

Trifork highlights

   -- Trifork is a next-generation IT and business service provider, founded in 
      Denmark in 1996 and now headquartered in Switzerland. Trifork is striving 
      to be at the forefront of technological innovation by inspiring and 
      teaching customers about new technological possibilities, building 
      innovative software solutions and operating and maintaining these 
   -- Focus on quickly growing business areas, namely three verticals FinTech, 
      Digital Health and Smart Building as well as three megatrend-driven 
      horizontals Smart Enterprise, Cyber Protection and Cloud Operation in 
      core geographies Denmark, the Netherlands, the United Kingdom and 
   -- Long-term relationships with blue-chip and other customers driving growth 
      through repeat business. 
   -- Innovative approach to R&D by investing in promising technology start-ups 
      trough the Trifork Labs segment. 
   -- Full-year 2021 financial targets: Revenue of EUR 140-150 million and 
      Trifork segment adjusted EBITDA of EUR 23.7-28.5 million. 
   -- Q1 2021 financial performance: Revenue of EUR 39.4 million, up by 38.2% 
      compared to Q1 2020. Adjusted EBITDA increased by 74.0% to EUR 7.1 
      million, corresponding to an adjusted EBITDA margin of 18.1%. 

Key data for listing on SIX Swiss Exchange

                            In accordance with the International 
Listing                    Reporting Standard of SIX Swiss Exchange 
------------------------  ----------------------------------------- 
Ticker                                      TRIFO 
------------------------  ----------------------------------------- 
Swiss security number                                     111122781 
------------------------  ----------------------------------------- 
ISIN                      CH1111227810 
------------------------  ----------------------------------------- 
Trading currency          Swiss franc 
------------------------  ----------------------------------------- 
Nominal value             CHF 0.10 per share 
------------------------  ----------------------------------------- 
Number of issued shares   19,744,899 registered shares with 
                           a nominal value of CHF 0.10 each 
------------------------  ----------------------------------------- 
First day of trading      Expected on 28 June 2021 
------------------------  ----------------------------------------- 

For further information, please contact:


Dan Dysli, Head of Investor Relations

ddy@trifork.com https://www.globenewswire.com/Tracker?data=AhjzrVhSetTiYWX8cI9Aey2BTg1lB3DfuNSVijx7m2cqiik0dl0zf9KKpPO75fVEGnQhXkXUpMOQ45quua-BxQ== , +41 79 421 6299

Swiss Media

Dynamics Group AG

Philippe Blangey, Partner

prb@dynamicsgroup.ch https://www.globenewswire.com/Tracker?data=iy88xxJTwdxk2jFuQZq3gAbD95UuRqkf4moZwrkEY7UoCTc2QcGkajW4RezoTixVkr-8Rk2aO7LJ9UTTCiJt7QchJR6-wP2sVI-oipbk5vofnMNSzp8RniGUgVMCoXU4cZ_w9DLuFvoPpkqIwlZ6X36gYJK6dwq8m_QRn7EAodLyDa3vQk8JtEE6IbRirrdGNCe7D8TEVcDUCsFhyfK1e_N3fj8bd2qmcxdLUv0pg6hOvB-wSyvxThkCHeEOadEjufPuO33u0OtSocIrNzLhNQ== , +41 79 785 46 32

Danish Media

Peter Rørsgaard, Trifork CMO

pro@trifork.com https://www.globenewswire.com/Tracker?data=QwKXwu0_f4E2zyWzzxi4rruMYtYoTykTI--A7zP2_OsmPmmIfbsSpX6dGl9gogaSTzwfVPDkaIypygLZ-meC3lTnnBO7om8IH14w4Aj9HZM= , +45 2042 2494

About Trifork

Trifork Group, headquartered in Schindellegi, Switzerland, with offices in 11 countries in Europe and North America, is an international IT group focusing on the development of innovative software solutions. The group was founded in Denmark in 1996 and now has more than 800 employees in business units, focusing on three vertical business areas: Digital Health, FinTech and Smart Buildings and three horizontals: Cloud Operations, Cyber Protection and Smart Enterprise. Trifork optimizes its customers' businesses by delivering effective and user-friendly digital solutions. As part of its innovation program, Trifork produces technical content in collaboration with hundreds of tech-experts from the leading universities and startups. With the GOTO brand and the YouTube tech-channel, Trifork serves a world-wide tech community of more than 215,000 people and with more than 20 million views since its inception. Trifork's R&D is anchored in the Trifork Labs, where Trifork continuously co-founds and develops IT start-up companies. The startups deliver technology that Trifork uses to produce innovative solutions for customers. Read more on https://www.trifork.com https://www.globenewswire.com/Tracker?data=7O3gpBGm1pZP4WLBfUQ-cSpzPfTeRKYUPhcF0qxr7vQbAVOO6Qzw0WSz02ag3cigTUU0n4r47REYyGfhaqFNig==

This announcement may contain specific forward-looking statements, e.g. statements including terms like "believe", assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the company and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. Trifork Holding Ltd assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.

This announcement serves informational purposes and constitutes neither an offer to sell nor a solicitation to buy any securities.


   -- Trifork SIX listing final 

(END) Dow Jones Newswires

June 17, 2021 11:51 ET (15:51 GMT)

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More news
Sales 2021 146 M 173 M 173 M
Net income 2021 12,7 M 15,0 M 15,0 M
Net cash 2021 9,00 M 10,6 M 10,6 M
P/E ratio 2021 36,5x
Yield 2021 0,76%
Capitalization 463 M 548 M 548 M
EV / Sales 2021 3,11x
EV / Sales 2022 2,66x
Nbr of Employees 828
Free-Float 74,1%
Duration : Period :
Trifork Holding AG Technical Analysis Chart | MarketScreener
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Technical analysis trends TRIFORK HOLDING AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 2
Last Close Price 175,00 DKK
Average target price 194,50 DKK
Spread / Average Target 11,1%
EPS Revisions
Managers and Directors
J°rn Larsen Chief Executive Officer
Kristian Wulf-Andersen Chief Financial Officer
Julie Birgitte Galbo Chairman
Olivier FrÚdÚric Jaquet Deputy Chairman
Maria H. Hjorth Independent Director
Sector and Competitors