2020-11-26 09:30 PRESSMEDDELANDE
Quarter 3 financial information
SSCP Lager BidCo AB (publ) – Consolidated quarter 3 financial information for the period 1 January – 30 September 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 26th of November 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) – Third quarter financial information 2020[Link]
SSCP Lager BidCo AB (publ) – Delårsrapport för tredje kvartalet 2020 [Link]
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]
SSCP Lager BidCo publishes prospectus and applies for listing of bonds at Nasdaq Stockholm.
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]
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]
Quarterly and year-end financial information
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]
Logent Group has a new majority owner