Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Board Change • Dec 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Independent Director Peter Wikstrom is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Nov 15
Svitzer Group A/S, Annual General Meeting, Apr 10, 2025 Svitzer Group A/S, Annual General Meeting, Apr 10, 2025. Reported Earnings • Aug 15
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. Duyuru • 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%. Duyuru • 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 Duyuru • 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.