Utilization of authorization in Hexagon AB to repurchase own shares due to incentive programme
The Board of Directors of Hexagon AB (publ) has resolved, pursuant to the authorization granted by the Annual General Meeting held on 2 May 2023, to acquire the company’s own shares of Series B on Nasdaq Stockholm. The purpose of the repurchase is to ensure Hexagon’s undertakings in respect of Share Programme 2023/2026 (other than delivery of shares to participants in the incentive programme), including covering social security costs.
Acquisition may be made of maximum 6,000,000 Series B shares. Acquisition may be made on one or several occasions and shall be made on Nasdaq Stockholm in
Read more →ASSA ABLOY and the DOJ reach a settlement regarding the HHI acquisition
Today, ASSA ABLOY and the U.S. Department of Justice (“DOJ”) have reached a settlement agreement related to ASSA ABLOY’s acquisition of Spectrum Brands’ Hardware and Home Improvement division (“HHI”). The settlement will put an end to the trial proceedings of the District Court for the District of Columbia.
In connection with the settlement and pursuant to the Proposed Final Judgment filed with the court today, ASSA ABLOY will proceed with the divestment of Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands.
Following this settlement, the HHI acquisition
Read more →Annual General Meeting of AAK AB
At the Annual General Meeting of AAK AB (publ.) on May 4, 2023 the following was resolved.
Board of Directors, auditor and fees
The number of directors will be seven. The Meeting re-elected Märta Schörling Andreen, Marianne Kirkegaard, Georg Brunstam and Patrik Andersson and elected Nils-Johan Andersson, Fabienne Saadane-Oaks and Ian Roberts as directors. Gun Nilsson had declined re-election. Georg Brunstam was re-elected as Chairman of the Board. The fees to the Board of Directors shall amount to SEK 1,000,000 to the Chairman and SEK 440,000 to each of the other directors elected at
Read more →Decisions at Securitas’ Annual General Meeting 2023
Securitas AB (publ) held an Annual General Meeting (AGM) today, May 4, 2023, in Stockholm.
Appropriation of profit and discharge from liability
The Annual General Meeting adopted the Statement of Income and the Balance Sheet for the Parent Company as well as the Consolidated Statement of Income and the Consolidated Balance Sheet as per December 31, 2022. In accordance with the proposal of the Board, the AGM resolved to pay a dividend of SEK 3.45 per share, to be distributed to the shareholders in two payments of SEK 1.75 per share and SEK 1.70 per share, respectively. Record date is Monday
Read more →Strong start to the year; volumes and operating profit confirmed per April 13 pre-announcement
AAK Group
· Total volumes decreased by 6 percent to 541,000 MT (575,000). Excluding the Russian market, volumes declined by 3 percent.
· Operating profit, including a positive currency translation impact of SEK 64 million, increased by 43 percent, reaching SEK 952 million (664). At fixed foreign exchange rates, operating profit increased by 34 percent.
· Profit for the period totaled SEK 662 million (492).
· Earnings per share equaled SEK 2.55 (1.89).
· Cash flow from operating activities amounted to SEK 1,102 million (negative 1,150).
· Return on Capital Employed (ROCE),
Read more →Securitas AB Interim Report Q1 2023 | January–March 2023
January–March 2023
· Total sales MSEK 37 751 (28 598)
· Organic sales growth 12 percent (4)
· Operating income before amortization MSEK 2 180 (1 452)
· Operating margin 5.8 percent (5.1)
· Items affecting comparability (IAC) MSEK –281 (–134), relating to the previously announced trans-formation programs and the acquisition of STANLEY Security
· Earnings per share before and after dilution SEK 1.66 (1.91)*
· Earnings per share before and after dilution, before IAC, SEK 2.03 (2.14)*
· Reported net debt/EBITDA 3.8 (2.0), adjusted net debt/EBITDA ratio 3.6**
·
Read more →Annual General Meeting in Hexagon AB
At the Annual General Meeting in Hexagon AB (publ) today, the following was resolved.
Election of Board of Directors and auditor
The AGM re-elected the Directors Ola Rollén, Gun Nilsson, John Brandon, Sofia Schörling Högberg, Märta Schörling Andreen, Brett Watson and Erik Huggers as ordinary board members. Ulrika Francke, Henrik Henriksson and Patrick Söderlund had declined re-election. Ola Rollén was elected Chairman of the Board.
Remuneration to the Directors shall be allocated with SEK 2,200,000 to the Chairman and SEK 690,000 to each of the other Directors elected by the AGM
Read more →Annual General Meeting of HEXPOL AB
At today’s Annual General Meeting (AGM) of HEXPOL AB (publ), the following was resolved.
Board of Directors, auditor and fees
The number of directors will be seven. The meeting re-elected Alf Göransson, Jan‑Anders E. Månson, Malin Persson, Kerstin Lindell and Märta Schörling Andreen, and elected Nils-Johan Andersson and Henrik Elmin, as ordinary Board Members. Gun Nilsson has declined re-election. Alf Göransson was re-elected Chairman of the Board. The fees to the Board of Directors shall amount to a total of SEK 4,412,000 (including fees for committee work).
The meeting re-elected
Read more →Interim report January - March 2023
JANUARY – MARCH 2023
· Sales increased by 16 percent and amounted to 5,990 MSEK (5,173).
· EBIT increased by 22 percent and amounted to 946 MSEK (775).
· EBIT-margin amounted to 15.8 percent (15.0).
· Profit after tax amounted to 668 MSEK (600).
· Earnings per share amounted to 1.94 SEK (1.74).
· Operating cash flow increased to 593 MSEK (103).
"Once again, we delivered a very strong quarter. EBIT amounted to 946 MSEK (775), which in terms of results is our best quarter to date and represents an increase of 22 percent compared with the corresponding quarter previous
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