Annuncio • May 20
Svitzer Group A/S(CPSE:SVITZR) dropped from S&P Global BMI Index Svitzer Group A/S(CPSE:SVITZR) dropped from S&P Global BMI Index Annuncio • May 15
Apmh Invest A/S completed the acquisition of remaining 53.02% stake in Svitzer Group A/S (CPSE:SVITZR) from A.P. Møller Og Hustru Chastine Mckinney Møllers Familiefond and Den A.P. Møllerske Støttefond. Apmh Invest A/S proposed to acquire remaining 53.02% stake in Svitzer Group A/S (CPSE:SVITZR) from A.P. Møller Og Hustru Chastine Mckinney Møllers Familiefond and Den A.P. Møllerske Støttefond for DKK 4.8 billion on April 2, 2025. As part of the acquisition, Apmh Invest A/S will acquire 16.7 million shares at a price of DKK 285 per share, subject to adjustment for any dividend or other distributions paid by Svitzer prior to completion of the Offer, including the ordinary dividend of DKK 8 per share proposed by Svitzer’s Board of Directors for resolution at Svitzer’s annual general meeting on April 10, 2025 (the 2025 Ordinary Dividend). Subject to the 2025 Ordinary Dividend being the only such distribution to the shareholders, the Offer Price will be reduced by DKK 8.00 per share to DKK 277 per share. A.P. Møller og Hustru Chastine McKinney Møllers Familiefond (the Family Foundation) and Den A.P. Møllerske Støttefond (the Relief Foundation) have, subject to certain customary conditions, signed irrevocable undertakings to accept the Offer in respect of shares accounting for 9.9% and 4.1%, respectively, of the share capital and voting rights of Svitzer. Upon completion, Svitzer will remain an independent company with its current management and strategy and will continue to operate under the name and brand. Furthermore, there are no intentions to implement any material changes for the employees of the Svitzer Group or general employment terms as a result of completion of the Offer. If, upon completion of the Offer, Apmh Invest A/S holds more than 90% of the share capital and voting rights of Svitzer (excluding any Svitzer treasury shares), Apmh Invest A/S intends to initiate and complete a compulsory acquisition of Svitzer’s remaining shares in accordance with the rules of the Danish Companies Act. The transaction has been financed through existing funds. As of April 24, 2025, APMH Invest reminds all shareholders of the expiry of the offer period for APMH Invest’s all-cash recommended purchase offer for the shares in Svitzer.
The offer period commences today and expires on April 30, 2025. The Offer Period may be extended in accordance with the terms and conditions set out in the Offer Document. The Offer is subject to a number of customary conditions, including Apmh Invest A/S owning or having received valid acceptances from shareholders with respect to shares representing in aggregate more than 90% of the share capital and voting rights of Svitzer, absence of material adverse change and obtaining the necessary regulatory approvals and clearances from the Swedish Inspectorate of Strategic Products and the Secretary of State in the United Kingdom. The deal has been unanimously approved by the board of directors of Svitzer Group A/S and unanimously decided to recommend shareholders in Svitzer to accept the Offer. Apmh Invest A/S expects the Offer to be completed on or around May 2, 2025, with settlement on that date and pay date expected on May 6, 2025. As of May 1, 2025, APMHI has informed Svitzer of its decision to extend the offer period of the Offer to expire on May 14, 2025, at 5:00 p.m. CEST as the extension is required to obtain the necessary approval and clearance from the Secretary of State in the United Kingdom in accordance with the National Security and Investment Act 2021. UK Secretary of State, all regulatory approvals and conditions necessary for the completion of the offer have now been obtained.
Citigroup Global Markets Europe AG acted as financial advisor to Svitzer Group A/S. Citigroup Global Markets Europe AG acted as fairness opinion provider to Svitzer Group A/S. Kromann Reumert acted as legal advisor to Svitzer Group A/S. Danske Bank A/S (CPSE:DANSKE) acted as financial advisor to Apmh Invest A/S. Gorrissen Federspiel I/S acted as legal advisor to Apmh Invest A/S.
Apmh Invest A/S completed the acquisition of remaining 53.02% stake in Svitzer Group A/S (CPSE:SVITZR) from A.P. Møller Og Hustru Chastine Mckinney Møllers Familiefond and Den A.P. Møllerske Støttefond on May 14, 2025. Based on the preliminary result and summation of acceptances, APMHI will, together with its current holding of Shares, as a result of the Offer, hold approximately 93.4% of the share capital and voting rights in Svitzer. Completion of the Offer and the final result of the Offer are expected to be announced on May 16, 2025. Annuncio • May 06
Svitzer Group A/S(CPSE:SVITZR) dropped from OMX Nordic All-Share Index Svitzer Group A/S has been dropped from the OMX Nordic All-Share Index. Board Change • May 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Vice Chairman Robert Uggla is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 12
Svitzer Group A/S Elects Ghim Siew Ho as Member of the Board of Directors Svitzer Group A/S announced that at its AGM held on 10 April 2025, Ghim Siew Ho was elected as new member of the Board of Directors. New Risk • Apr 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Danish stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks High level of debt (44% net debt to equity). Profit margins are more than 30% lower than last year (6.0% net profit margin). Annuncio • Apr 02
Apmh Invest A/S proposed to acquire remaining 53.02% stake in Svitzer Group A/S (CPSE:SVITZR) from A.P. Møller Og Hustru Chastine Mckinney Møllers Familiefond and Den A.P. Møllerske Støttefond for DKK 4.8 billion. Apmh Invest A/S proposed to acquire remaining 53.02% stake in Svitzer Group A/S (CPSE:SVITZR) from A.P. Møller Og Hustru Chastine Mckinney Møllers Familiefond and Den A.P. Møllerske Støttefond for DKK 4.8 billion on April 2, 2025. As part of the acquisition, Apmh Invest A/S will acquire 16.7 million shares at a price of DKK 285 per share, subject to adjustment for any dividend or other distributions paid by Svitzer prior to completion of the Offer, including the ordinary dividend of DKK 8 per share proposed by Svitzer’s Board of Directors for resolution at Svitzer’s annual general meeting on April 10, 2025 (the 2025 Ordinary Dividend). Subject to the 2025 Ordinary Dividend being the only such distribution to the shareholders, the Offer Price will be reduced by DKK 8.00 per share to DKK 277 per share. A.P. Møller og Hustru Chastine McKinney Møllers Familiefond (the Family Foundation) and Den A.P. Møllerske Støttefond (the Relief Foundation) have, subject to certain customary conditions, signed irrevocable undertakings to accept the Offer in respect of shares accounting for 9.9% and 4.1%, respectively, of the share capital and voting rights of Svitzer. Upon completion, Svitzer will remain an independent company with its current management and strategy and will continue to operate under the name and brand. Furthermore, there are no intentions to implement any material changes for the employees of the Svitzer Group or general employment terms as a result of completion of the Offer. If, upon completion of the Offer, Apmh Invest A/S holds more than 90% of the share capital and voting rights of Svitzer (excluding any Svitzer treasury shares), Apmh Invest A/S intends to initiate and complete a compulsory acquisition of Svitzer’s remaining shares in accordance with the rules of the Danish Companies Act. The transaction has been financed through existing funds.
The offer period commences today and expires on April 30, 2025. The Offer Period may be extended in accordance with the terms and conditions set out in the Offer Document. The Offer is subject to a number of customary conditions, including Apmh Invest A/S owning or having received valid acceptances from shareholders with respect to shares representing in aggregate more than 90% of the share capital and voting rights of Svitzer, absence of material adverse change and obtaining the necessary regulatory approvals and clearances from the Swedish Inspectorate of Strategic Products and the Secretary of State in the United Kingdom. The deal has been unanimously approved by the board of directors of Svitzer Group A/S and unanimously decided to recommend shareholders in Svitzer to accept the Offer. Apmh Invest A/S expects the Offer to be completed on or around May 2, 2025 with settlement on that date and pay date expected on May 6, 2025.
Citigroup Global Markets Europe AG acted as financial advisor to Svitzer Group A/S. Citigroup Global Markets Europe AG acted as fairness opinion provider to Svitzer Group A/S. Kromann Reumert acted as legal advisor to Svitzer Group A/S. Danske Bank A/S (CPSE:DANSKE) acted as financial advisor to Apmh Invest A/S. Gorrissen Federspiel I/S acted as legal advisor to Apmh Invest A/S. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to kr.282, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Infrastructure industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at kr.270 per share. Annuncio • Mar 28
Svitzer Group A/S announces Annual dividend, payable on April 15, 2025 Svitzer Group A/S announced Annual dividend of DKK 8.0000 per share payable on April 15, 2025, ex-date on April 11, 2025 and record date on April 14, 2025. New Risk • Mar 13
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 3.7% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Short dividend paying track record (less than a year of continuous dividend payments). Profit margins are more than 30% lower than last year (6.0% net profit margin). Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: kr.11.96 (vs kr.419 in FY 2023) Full year 2024 results: EPS: kr.11.96 (down from kr.419 in FY 2023). Revenue: kr.6.32b (up 9.2% from FY 2023). Net income: kr.377.0m (down 47% from FY 2023). Profit margin: 6.0% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Infrastructure industry in Europe. Annuncio • Mar 06
Svitzer Group A/S Proposes Dividend for the Financial Year Ended December 31, 2024 Svitzer Group A/S at its AGM to be held on April 10, 2025 proposed a dividend of DKK 8.00 per share. The proposal corresponds to a payout ratio of 50% (excluding separation and listing costs) for the financial year ended December 31, 2024. Annuncio • Mar 05
Svitzer Group A/S Provides Earnings Guidance for the Full Year 2025 Svitzer Group A/S provided earnings guidance for the full year 2025. for the year, the company expects s revenue measured in constant exchange rates to grow by around 1%-5% compared to 2024. Buy Or Sell Opportunity • Mar 05
Now 35% overvalued after recent price rise Over the last 90 days, the stock has risen 2.1% to kr.233. The fair value is estimated to be kr.173, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last year. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 3.5% per annum over the same time period. Buy Or Sell Opportunity • Jan 30
Now 23% overvalued Over the last 90 days, the stock has fallen 11% to kr.214. The fair value is estimated to be kr.174, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last year. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 4.5% per annum over the same time period. Annuncio • Nov 15
Svitzer Group A/S, Annual General Meeting, Apr 10, 2025 Svitzer Group A/S, Annual General Meeting, Apr 10, 2025. Major Estimate Revision • Aug 23
Consensus EPS estimates fall by 29%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr.6.13b to kr.6.24b. EPS estimate fell from kr.19.39 to kr.13.68 per share. Net income forecast to shrink 21% next year vs 9.0% growth forecast for Infrastructure industry in Denmark . Consensus price target up from kr.310 to kr.322. Share price was steady at kr.269 over the past week. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 30%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr.6.13b to kr.6.25b. EPS estimate fell from kr.19.39 to kr.13.50 per share. Net income forecast to shrink 21% next year vs 11% growth forecast for Infrastructure industry in Denmark . Consensus price target up from kr.310 to kr.323. Share price rose 4.4% to kr.267 over the past week. Reported Earnings • Aug 16
First half 2024 earnings released First half 2024 results: EPS: kr.4.09. Net income: kr.129.0m (up kr.129.0m from 1H 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Infrastructure industry in Europe. Annuncio • Aug 14
Svitzer Group A/S Provides Earnings Guidance for the Year 2024 Svitzer Group A/S provided earnings guidance for the year 2024. For the period, Company expects revenue growth in constant exchange rates to be in the upper end of previously communicated range of around 6.0%- 7.5%. Annuncio • Jun 21
Svitzer Group A/S to Report Q2, 2024 Results on Aug 14, 2024 Svitzer Group A/S announced that they will report Q2, 2024 results on Aug 14, 2024 Annuncio • Jun 20
Svitzer Group A/S Revises Earnings Guidance for the Year 2024 Svitzer Group A/S revised earnings guidance for the year 2024. The company adjusts its financial outlook for 2024. Revenue is now expected to grow by around 6.0% to 7.5%, measured in constant exchange rates (previously 3.5% to 5.0%). The adjustment of the financial outlook is driven by developments during the first part of 2024 that are expected to continue having a positive impact in the remaining part of the year. The average towage service tariffs have increased more than anticipated to offset high inflationary pressure and continued high fuel prices. This is a main growth driver for revenue. Further, during 2023, Svitzer secured contracts for a number of vessels within terminal towage. These operations have become effective slightly earlier than anticipated impacting financial results positively in 2024. 