2020-08-28 09:30 PRESSEMELDING

Quarter 2 and half year financial information.

SSCP Lager BidCo AB (publ) – Consolidated quarter 2 and half year  financial information for the period 1 January – 30 June 2020. For more information, please contact: Sara Fors, CFO, telephone number: +46 722 540037, sara.fors@logent.se or Mats Steen, CEO, telephone number: +46 702 338302, mats.steen@logent.se This press release was published on 28th of August 2020 at CET 09:30. About Logent Group Logent is a comprehensive and independent logistics partner, with a Nordic base and with global networks. We have a wide range of services and create value for our customers through guaranteed cost and quality improvements. Our services include Logistics Services such as Warehouse Management, Transport Management and Customs, Port and Combined Terminals, Staffing Services and Consulting Services. This means that Logent has grown to a turnover of about SEK 1.5 billion from the start in 2006 and employs approximately 3,000 people. Appendix SSCP Lager BidCo AB (publ) – Second quarter and half year financial information 2020[Link] SSCP Lager BidCo AB (publ) – Kvartal 2 och halvårsrapport 2020 [Link]

2020-08-17 11:00 PRESSEMELDING

SSCP Lager BidCo publishes prospectus and applies for listing of bonds at Nasdaq Stockholm.

Press release in english Pressnyhet på svenska

2020-05-28 14:00 PRESSEMELDING

Quarter 1 financial information

Date: 28th of May 2020 SSCP Lager BidCo AB (publ) – Consolidated quarter 1  financial information for the period 1 January – 31 March 2020. For more information, please contact: Sara Fors, CFO, telephone number: +46 722 540037, sara.fors@logent.se or Mats Steen, CEO, telephone number: +46 702 338302, mats.steen@logent.se This press release was published on 28th of May 2020 at CET 14:00. Appendix SSCP Lager BidCo AB (publ) – First quarter financial information 2020[Link] SSCP Lager BidCo AB (publ) – Kvartal 1 delårsrapport 2020 [Link]

2020-04-29 17:35 PRESSEMELDING

Year-end financial information

Date: 29th of April 2020 SSCP Lager BidCo AB (publ) – Consolidated and audited year-end financial information for the period 28 June – 31 December 2019. For more information, please contact: Sara Fors, CFO, telephone number: +46 722 540037, sara.fors@logent.se or Mats Steen, CEO, telephone number: +46 702 338302, mats.steen@logent.se This press release was published on 29th of April 2020 at CET 17:35. Appendix SSC Lager BidCo AB (publ) – Audited Year-end Report 2019[Link] SSCP Lager BidCo AB (publ) – Reviderad Årsredovisning 2019 [Link]

2020-02-28 16:30 PRESSEMELDING

Quarterly and year-end financial information

Date: 28th of Feb 2020
SSCP Lager BidCo AB (publ) – Consolidated quarterly and year-end financial information for the period 28 June – 31 December 2019.
Events in the quarter
• SSCP Lager BidCo AB (publ) settled the former bank loan on the 31st of October 2019. The bank loan was raised in connection with the acquisition of Entlog Holding Group AB. A bond of 900 MSEK was issued on the 31st of October 2019. The bond will be noted on Nasdaq Stockholm within a year from the issue date.
• During the fourth quarter Logent signed a contract with e-commerce fashion company NA-KD. Logent will operate the new highly automated warehouse in Landskrona to cover the Nordic countries. The warehouse includes an Autostore-solution and operations will start during the third quarter in 2020.
• Johan Wallmander, former CEO of Logent Staffing &Recruitment, has been appointed VP Corporate Development. Johan will be responsible for Logent’s strategic and geographical expansion into new markets.
• Patrik Engh has been appointed CEO of Logent Staffing & Recruitment. He is also CEO of Logent Customs AB. Patrik has, among other, 18 years of experience from Addeco, where he during the last 9 years was responsible for the Industry & Logistic segment. Before joining Logent, Patrik worked for Jungheinrich Svenska AB.
• SSCP Lager BidCo AB (publ) has adapted the accounting standard IFRS.
1 October to 31 December 2019
• Net sales amounted to SEK 340,133 thousand
• Operating profit/loss amounted to SEK (22,623) thousand
• Adjusted EBITDA excluding IFRS 16-effect amounted to SEK 30,685 thousand (9.0%)
• Adjusted EBITA excluding IFRS 16-effect amounted to SEK 29,003 thousand (8.5%)
• Cash flow from operating activities amounted to SEK 78,055 thousand
28 June to 31 December 2019
• Net sales amounted to SEK 658,168 thousand
• Operating profit/loss amounted to SEK (7,531) thousand
• Adjusted EBTIDA excluding IFRS 16-effect amounted to 64,060 thousand (9.7%)
• Adjusted EBITA excluding IFRS 16-effect amounted to 60,834 thousand (9.2%)
• Cash flow from operating activities amounted to SEK 111,939 thousand
Material events subsequent to the reporting period
• No material events subsequent to the reporting period.
CEO’s comments
The strategic transformation of Logent from a staffing company to a logistics company enabled growth already in 2018 but generated full effect in 2019. In 2019, agreements were signed with several important new customers such as NA-KD, Saab AB, ITAB and Kanthal, which will be apparent in the 2020 earnings. Logent’s decentralized management model, combined with central resources for development and project management, as well as the company’s broad service offering, formed the basis for this positive trend.
The economic situation during Q4 2019 had a negative impact on Logent, but the underlying Entlog Holding AB Group nonetheless reported growth of 7%. The Group’s adjusted EBITDA excluding IFRS 16 closed at 133.4 MSEK (10.1%) proforma for Entlog Holding AB Group’s full year result during 2019.
We note that Logent’s platform is in place and we have signed many new customer agreements, which will be implemented throughout 2020. The pipeline is robust, which indicates that there will be continued strong organic growth going forward. The Company will continue to invest in its unique expertise in being able to design and implement advanced and effective logistics solutions, at the same time as we support our units with competence provision from our staffing company. The Company’s focus for the past two years on broadening the operation to new sectors has yielded favorable results and, in particular, we have seen growth in e-commerce and industry. Similarly, the Company has continued to work with a generally high level of flexibility. These factors mean that the Company now stands well-equipped to address any continued slowdown in the market.
We also saw that our initiatives to help new arrivals enter the labor market also functioned well in 2019. In total we gave more than 69 people permanent positions within Logent and among our customers.
The Company gained a new principal owner in 2019, when Adelis Equity Partner sold its majority share to Stirling Square Capital Partner. The changed ownership structure primarily entails a focus for Logent on expanding outside its two existing markets, Sweden and Norway. For this reason, a separate central department for Corporate Development was created to facilitate establishment in new markets.
For more information, please contact:
Sara Fors, CFO, telephone number: +46 722 540037, sara.fors@logent.se or Mats Steen, CEO, telephone number: +46 702 338302, mats.steen@logent.se
This press release was published on 28 February 2020 at CET 16:30.
About Logent Group
Logent is a comprehensive and independent logistics partner, with a Nordic base and with global networks. We have a wide range of services and create value for our customers through guaranteed cost and quality improvements. Our services include Logistics Services such as Warehouse Management, Transport Management and Customs, Port and Combined Terminals, Staffing Services and Consulting Services. This means that Logent has grown to a turnover of about SEK 1.5 billion from the start in 2006 and employs approximately 3,000 people.
Appendix
SSC Lager BidCo AB (publ) – Year-end Report and Interim Report for the fourth quarter of 2019 [Link]

2019-11-29 16:15 PRESSEMELDING

Quarterly financial information

Date: 29th of Nov 2019 SSCP Lager BidCo AB (publ) – Consolidated quarterly financial information for the period January 1 – September 30, 2019 Events in the quarter

  • Logent Group entered into a staffing services agreement with Ellos Group.
  • SSCP Lager BidCo AB has started a conversion from Swedish GAAP to IFRS during the third quarter and will present adjusted reporting for the year end 2019.

July 1 to September 30, 20191

  • Net sales amounted to SEK 318,107 thousand (SEK 297,536 thousand)
  • EBITDA amounted to SEK 31,157 thousand (SEK 30,663 thousand)
  • Net profit for the period amounted to SEK -25,405 thousand
  • Cash flow from operating activities amounted to SEK 17,207 thousand

January 1 to September 30, 20191

  • Net sales amounted to SEK 980,199 thousand (SEK 880,353 thousand)
  • EBITDA amounted to SEK 100,516 thousand (SEK 80,788 thousand)
  • Net profit for the period amounted to SEK -7,442 thousand
  • Cash flow from operating activities amounted to SEK 35,076 thousand

Material events subsequent to the reporting period

  • The company has carried out an issuance of SEK 900 million senior secured notes and entered into a super senior revolving credit facility.
  • Johan Wallmander, the previous CEO for Logent Staffing & Recruitment, has been appointed as VP Cooperate Development, as responsible for Logents future strategic geographical expansion into new markets.
  • Patrik Engh, the current CEO for Logent Customs AB, has been appointed as the new CEO for Logent Staffing & Recruitment.

CEO’s comments Logent Group shows a strong financial performance with revenue of SEK 980.1m and EBITDA of SEK 100.5m year to date. The company continues to show a positive growth development and ended up at a growth rate of 11% year to date compared to last year. The explanation behind the positive financial development is mainly related to new businesses in the business areas Warehousing and Transport management. Logent welcome the new main owner of the company, Stirling Square Capital Partner, who acquired Logent 28th of June 2019. For more information, please contact: Sara Fors, CFO, telephone number: +46 722 540037, sara.fors@logent.se or Mats Steen, CEO, telephone number: +46 702 338302, mats.steen@logent.se This press release was published on 29 November 2019 at CET 16:15. About Logent Group Logent is a comprehensive and independent logistics partner, with a Nordic base and with global networks. We have a wide range of services and create value for our customers through guaranteed cost and quality improvements. Our services include Logistics Services such as Warehouse Management, Transport Management and Customs, Port and Combined Terminals, Staffing Services and Consulting Services. This means that Logent has grown to a turnover of about SEK 1.5 billion from the start in 2006 and employs approximately 3,000 people. [1] Throughout this report, figures in parentheses pertain to the corresponding period the previous year. Appendix SSC Lager BidCo AB (publ) – Consolidated financial information January-September 2019 [Link]

2019-05-24 11:59 PRESSEMELDING

Logent Group has a new majority owner

Stirling Square Capital Partners acquires Logent Group from Adelis Equity Partners. The change of ownership does not involve any changes for customers, employees or management – Logent Group will continue its positive development as a leading, independent provider of contract logistics services. Adelis Equity Partner acquired Logent Group in 2013. Under Adelis’ ownership, the company has successfully transformed from a staffing-focused company to a contract logistics company. The company provides value to its customers through design, implementation and operations of efficient, customized logistics solutions. Five business units, including Warehousing, Transport Management, Customs, Port Services and Staffing. The company is present in Sweden and Norway and the market leader in dedicated warehousing solutions on the Swedish market. Revenue of 1.4 bSEK, 3000 employees and around 600 customers. Mats Steen CEO Logent Group said; “I’m proud of the development the company has had together with Adelis Equity Partners during these last few years. The close cooperation has been vital for the success of the strategic transformation. We are now delighted to welcome our new shareholder to Logent. In partnership with Stirling Square, we look forward to expanding our breadth of services and solutions to reach new customer segments requiring increasingly sophisticated solutions to handle rising volumes and complexity.” Henrik Lif of Stirling Square said; “Logent is truly the best-in-class operator in the Nordics. We look forward to partnering with CEO Mats Steen and the Logent team to capture the tremendous opportunity before them.” The change of majority ownership has no consequences for Logent customers or employees. The CEO Mats Steen and the management team will continue their previous roles and with significant ownership in the company. For further information: Mats Steen CEO Logent Group mats.steen@logent.se +46 702 338 302