Fagerhult

News aus der Elektroindustrie

As we already reported on October 16, 2018, Fagerhult has now taken over the Italian iGuzzini Illuminazione for around...........

As we already reported on October 16, 2018, Fagerhult has now taken over the Italian iGuzzini Illuminazione for around...........

385 m EUR at the end of the year. This will create one of the largest lighting companies in Europe with a consolidated annual net turnover of more than 8,000 m SEK (780 m EUR).

As already announced, Adolfo Guzzini (president of iGuzzini) and Andrea Sasso (managing director of iGuzzini), in addition to their current management responsibilities within iGuzzini, will take on key functions in Fagerhult's top management.

The terms: Fagerhult is to acquire iGuzzini on a cash and debt free basis for 385 m EUR. 26% will be paid in new Fagerhult shares issued to current iGuzzini shareholders, 74% will be paid in cash through new and existing credit facilities and a bridging loan.

The transaction is expected to close in the first quarter of 2019.

 

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The Swedish lighting manufacturer Fagerhult from Habo has signed a letter of intent on 15th October to take over......

The Swedish lighting manufacturer Fagerhult from Habo has signed a letter of intent on 15th October to take over......

the Italian lighting manufacturer iGuzzini from Recanati. The transaction is expected to be completed in 2018.

The sellers (the Guzzini family, represented by their legal advisor) receive a substantial portion of the sales value in Fagerhult shares with the aim of becoming shareholders in the new combined entity.


Adolfo Guzzini (President of iGuzzini) and Andrea Sasso (CEO of iGuzzini), in addition to their current leadership roles within iGuzzini, will take on key roles in Fagerhult's top management.

iGuzzini had a turnover of approx. EUR 230 m in 2017; Fagerhult had approx. EUR 500 m in the same period.

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Fagerhult, headquartered in Habo / Sweden, generated net sales of SEK 2,692.3 m (EUR 255.91 m) in the six months........

Fagerhult, headquartered in Habo / Sweden, generated net sales of SEK 2,692.3 m (EUR 255.91 m) in the six months........

from January to June 2018, an increase of 5.8% over the same period last year. The operating result amounted to SEK 305.2 m (EUR 29 m), a decrease of 2.6%.

After a challenging first quarter, outgoing CEO Johan Hjertonsson (see electro-insider of 14.8.18) was pleased with the half year result.

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As we reported on May 24, Fagerhult has agreed on a new CEO; it is Ms. Bodil Sonesson. Ms. Sonesson will......

As we reported on May 24, Fagerhult has agreed on a new CEO; it is Ms. Bodil Sonesson. Ms. Sonesson will......

take up her new position on October 8, 2018.

The longtime president, Johan Hjertonsson, will leave the company on August 31st and Michael Wood (CFO) will be appointed interim president from 1.9. until 7.10.

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As we reported in early November 2017, Johan Hjertonsson, president and CEO of Fagerhult, announced that he...........

As we reported in early November 2017, Johan Hjertonsson, president and CEO of Fagerhult, announced that he...........

would step down from office in 2018.

Now, the Board of Directors has appointed a successor. It is Ms Bodil Sonesson (50) who will take up her new post on 24 November at the latest. Ms. Sonesson comes from the Axis Group where she has held various leadership positions since 1996.

She is also a member of the Board of Directors of Tomra Systems.
 

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Fagerhult, the lighting manufacturer headquartered in Habo / Sweden, achieved net sales of...........

Fagerhult, the lighting manufacturer headquartered in Habo / Sweden, achieved net sales of...........

SEK 1,270.7 m (EUR 122.3 m) in the 3 months from January to March 2018, 2.1% more than in the previous year. About 3,300 employees were employed.

The operating result amounted to SEK 138.6 m (EUR 13.3 m), a decrease of 9.6%.

Regional sales were as follows: Northern Europe EUR 49.7 m, UK and Northern Ireland EUR 26.1 m, Rest of Europe EUR 41.2 m, Africa, Asia and Pacific EUR 16.4 m.

At the beginning of March 2018, the Dutch lighting company Veko Lightsystems International B.V., based in Schagen / NL, was acquired. In December 2017 Veko employed 130 people and had a turnover of EUR 37 m. Fagerhult paid EUR 31.5 m. In addition, there could be additional payments, which depend however on the company's performance in the next 3 years.

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Fagerhult's market research has found that the retail industry is currently undergoing a significant global change,........

Fagerhult's market research has found that the retail industry is currently undergoing a significant global change,........

online shopping is growing rapidly, and shop design is looking for new forms. In order to secure and strengthen Fagerhult's competitiveness in this changing market, Fagerhult will reorganize and consolidate its processes by bringing together the retail, indoor and outdoor lighting businesses in the same company.

As part of this change, Fagerhult Retail AB will undergo a reorganization, where the retail sales organization for the Swedish market will be integrated with Fagerhults Belysning Sverige AB. The sales departments with direct customer contact remain in Bollebygd, while the development, assembly and storage is relocated to Habo.

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Fagerhult, the lighting manufacturer headquartered in Habo, Sweden, posted net sales in 2016 .........

Fagerhult, the lighting manufacturer headquartered in Habo, Sweden, posted net sales in 2016 .........

of 4,490.7 million SEK (EUR 474.2 million), 10.3% more than in the previous year, after taking into account price effects and acquisitions.

The operating result amounted to SEK 524.2 million (EUR 55.4 million) EUR 32.4%.

Sales in 2016 were distributed regionally as follows: Northern Europe EUR 214.3 million, UK and Northern Ireland EUR 126.3 million, Rest of Europe EUR 110.3 million, Africa, Asia and Pacific EUR 68.9 million.

Sales per product group were: Indoor Lighting EUR 314.6 million, Retail trade; ft (Retail Lighting) EUR 118.8 million, outdoor lighting EUR 40.9 million.

Fagerhult could generate 100% of its sales in the short to medium term; In 2016, the LED share was already 77% (in the last quarter of 2016 even more than 83%). Overall, an average of 2,700 people are being hired.

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The lighting manufacturer, which has its headquarters in Habo/Sweden and sales offices in 22 countries, made a turnover of SEK 905.5 m (EUR 97.2 m) in the 1st quarter 2015, 2.5% more than in the same quarter of last year (SEK 885.5 m/EUR 95.0 m).

The lighting manufacturer, which has its headquarters in Habo/Sweden and sales offices in 22 countries, made a turnover of SEK 905.5 m (EUR 97.2 m) in the 1st quarter 2015, 2.5% more than in the same quarter of last year (SEK 885.5 m/EUR 95.0 m).

Earnings fell from SEK 75.4 m (EUR 8.1 m) last year to a current figure of SEK 72.7 m (EUR 7.8 m).

Just over half of the turnover was generated with LED products, and the regional turnover breakdown is as follows: Northern Europe EUR 46.4 m; UK and Northern Ireland EUR 29.6 m; rest of Europe EUR 20.5 m; Middle East, Asia and Australia 12.4 m.

There was particular satisfaction with the development in the United Kingdom, where significant gains could be made. Conditions in Scandinavia, which makes up more than half of corporate turnover, turned out stable, but in large parts of the Eurozone there was less growth than hoped for.

However, Fagerhult has been recording a recovery in the lighting market ever since the beginning of 2013, and this is likely to continue in 2015.

New product developments, marketing and pushing ahead with internationalization are to ensure further growth.

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