Ahlsell

News aus der Elektroindustrie

As we have reported on several occasions, Quimper AB has made a takeover bid to the Ahlsell shareholders, ...

As we have reported on several occasions, Quimper AB has made a takeover bid to the Ahlsell shareholders, which has been accepted. Quimper now holds approximately 92.4% of the total number of shares and requests an extraordinary general meeting on March 25 where amongst other things a new board should be appointed. (As CVC Funds is indirectly involved in Quimper, it is expected that a representative of CVC will be represented on the board).

It was also decided to request a de-listing and the compulsory redemption of the outstanding shares.

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Ahlsell, one of the leading technical trading companies in Scandinavia, achieved a turnover of SEK 31,291 m..........

Ahlsell, one of the leading technical trading companies in Scandinavia, achieved a turnover of SEK 31,291 m..........

in 2018 ( 3 bn EUR); this is an increase of 13.9% compared to the previous year. The operating profit (EBIT) amounted to SEK 2,138 m (208 m EUR), again an increase over the last year (+ 4.7%). Profit after tax increased by 10.8% to SEK 1,582 m (154 m EUR).

Good market conditions contributed to sales growth in the final quarter of the year with their existing customers, but also with new customers, who could be gained through the completed takeovers (in 2018, 8 acquisitions could be made).

The President, Johan Nilsson, continues to expect good demand and growth in 2019, albeit at a slightly lower level than in recent years.

An important day for Ahlsell will be the 11th of February, when Quimper's acceptance period expires. Quimper has offered to buy all Ahlsell shares for a maximum price of 55 SEK = 5.36 EUR / share. (See our news dated 11.12.2018).

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On December 11, the Ahlsell Board of Directors confirmed that it had received a cash offer from Quimper AB.........

On December 11, the Ahlsell Board of Directors confirmed that it had received a cash offer from Quimper AB.........

to acquire all shares at a maximum price of SEK 55 / share. The total deal amounts to approx.  SEK 17.97 m (EUR 1.74 m)

CVC Funds is indirectly involved in Quimper, so that the real transferee of Ahlsell is CVC.

Ahlsell is the leading electrical wholesaler in Scandinavia, employing around 5,800 people in approximately 230 branches. Ahlsell is affiliated with the international marketing association IMELCO.

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Ahlsell, one of the leading technical trading companies in Scandinavia, achieved sales of SEK 8,056 m (EUR 780.7 m) in the.........

Ahlsell, one of the leading technical trading companies in Scandinavia, achieved sales of SEK 8,056 m (EUR 780.7 m) in the.........

second quarter of 2018, an increase of 18%. The operating profit was SEK 582 m (EUR 56.4 m), an increase of 24%.

For the half year this means a turnover of SEK 15,217 m (EUR 1,474.7 m), plus 14% and a profit of SEK 1,043 m (EUR 101.1 m) also up by 14%.

The President and CEO, Johan Nilsson, therefore, also commented on the results positively, but pointed out in his outlook "housing starts in new residential construction have declined, but have not yet had a significant impact on our sales. On the other hand, we are already seeing signs of increasing activity in renovation. This indicates that demand for renovation is now picking up as new-build demand is expected to decline. "
 

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Ahlsell from Finland will  take over the Finnish sanitary wholesaler Kahipa Oy from Karkkila at the beginning of July.

Ahlsell from Finland will  take over the Finnish sanitary wholesaler Kahipa Oy from Karkkila at the beginning of July.

Kahipa has annual sales of approx. EUR 3.5 m and is well established in installation companies and large construction firms.
 

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Ahlsell, one of the leading technical trading companies in Scandinavia, achieved sales of SEK 7.161 m (EUR 685 m) in the first......

Ahlsell, one of the leading technical trading companies in Scandinavia, achieved sales of SEK 7.161 m (EUR 685 m) in the first......

quarter of 2018; this is an increase of 9% against 2017. Operating profit amounted to SEK 461 m (EUR 44 m), compared to SEK 443 m (EUR 42 m) previously; here the plus was 4%.

In Sweden 66.4% of the total turn-over was achieved = SEK 4,758 m (EUR 455 m); in Norway it was SEK 1,389 m (EUR 133 m) = 19,4% of the total and in Finland it was SEK 803 m (EUR 77 m) = 11,2%. That means, about 97% of sales are made in the three main markets Sweden, Norway and Finland. The remainder is divided into Denmark, Estonia, Russia and Poland.

Ahlsell employs a total of 5,600 people in more than 230 branches and 3 central warehouses.

Four percentage points of the quarterly growth comes from acquisitions, reflecting the high level of acquisition activity that Ahlsell intends to maintain in the future.
 

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Ahlsell, one of the leading technical trading companies in Scandinavia, presented its final figures for 2017.

Ahlsell, one of the leading technical trading companies in Scandinavia, presented its final figures for 2017.

In the 140th year of its history, it was also possible to present a record result. Sales increased by 11.7% from SEK 24,606 m (EUR 2,437 m) in 2016 to SEK 27,484 m (EUR 2,722 m), while earnings (EBIT) increased by 18.8% to SEK 2,043 m (EUR 202 m). A total of 5,471 people were employed.

Of course, the largest market was Sweden with a turnover of SEK 18,272 m (EUR 1,810 m); this represents 66.5% of total sales. In Norway it was SEK 5,356 m (EUR 530 m); 19.5% of the total, and in Finland it was SEK 3,206 m (EUR 318 m), representing 11.7% of total turnover. The remainder is divided into Denmark, Estonia, Poland and Russia.

Johan Nilsson, President and CEO, says with pride, "our customers value Ahlsell and we make it easier to be professional."

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Ahlsell, one of the leading technical trading companies in Scandinavia, increased its sales in 2017.........

Ahlsell, one of the leading technical trading companies in Scandinavia, increased its sales in 2017.........

by 11.7% from SEK 24,606 m (EUR 2,506 m) to SEK 27,484 m (EUR 2,799 m). EBIT increased by 18.8% to SEK 2,043 m (EUR 208 m). Profit after tax increased by 317.5% from SEK 342 m (EUR 35 m) to SEK 1,428 m (EUR 145 m).

Ahlsell was extremely satisfied with the past year; in total, 13 new branches in their 3 country groups were acquired and opened with sales of more than SEK 1,450 m (EUR 148 m).

For the full year 2018, the positive business is expected to continue.
 

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Karolina Hagberg has been appointed as new purchasing manager (CPO) at Ahlsell AB in Sweden.

Karolina Hagberg has been appointed as new purchasing manager (CPO) at Ahlsell AB in Sweden.

She becomes part of the group management and takes up her new position by 15 June 2018. Magnus Nordstrand, the current CPO at Ahlsell, leaves the company for family reasons.

Ms Hagberg is currently employed at COOP Sverige AB. She has extensive experience in various positions in purchasing, marketing and sales, including at Barilla and ICA. Ms Hagberg will be in charge of purchasing and responsible for sustainability, a central part of the Ahlsell strategy.
 

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Ahlsell, one of the leading technical trading companies in Scandinavia, managed to raise its turnover by 12% in the..............

Ahlsell, one of the leading technical trading companies in Scandinavia, managed to raise its turnover by 12% in the..............

9 months January to September 2017 in comparison with the same period last year to SEK 19,879 m (EUR 2,007 m). Profits after tax amounted to SEK 966 m (EUR 97.5 m).

Sweden was again the driving force with a growth of 13%, which was partly due to the opening of a central warehouse in Hallsberg. In Norway the growth rate was 8%, and building construction is at its highest level for 40 years. Finland is continuing its positive development, but still less strongly than the other markets.

By means of takeovers it has been possible to enlarge the customer base and a further upturn is expected in the next quarters.

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