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Qliro Group AB (publ) (QLRO.ST)

QLRO.ST on Stockholm Stock Exchange

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11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Orkla to buy Health and Sports Nutrition Group for SEK 360 mln
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Orkla Asa :Orkla has entered into an agreement to purchase the Swedish company Health and Sports Nutrition Group (HSNG) from Stockholm listed Qliro Group <<>>.Orkla says the parties have agreed on a purchase price of SEK 360 million ($42.43 million) on a debt-free basis.HSNG's operations will be maintained as a separate unit in the Orkla Care business area..HSNG runs the ecommerce portals Gymgrossisten and Bodystore, and is the biggest online health and sport nutrition company in the Nordic region.The transaction is conditional on the approval of the competition authorities in Sweden, Norway and Austria."Orkla's goal is to strengthen its focus on digital marketing and sales, and through this acquisition will gain proximity to a large number of engaged consumers. Health is a priority area for us, and we see good opportunities for collaboration with our existing activities, in the form of greater distribution through traditional sales channels and, not least, enhanced consumer insight," says Stig Ebert Nilssen, Orkla EVP and CEO of Orkla Care.  Full Article

‍Qliro Group sells Health And Sports Nutrition Group to Orkla​
Tuesday, 21 Nov 2017 

Nov 20 (Reuters) - Qliro Group Ab (Publ) :‍Qliro group sells Health And Sports Nutrition Group​.Qliro group ab says ‍enterprise value of HSNG in transaction is sek 360 million on a cash and debt free basis and with a normalized working capital​.Qliro Group Ab says ‍entered into an agreement to sell its subsidiary Health And Sports Nutrition Group hsng ab ("hsng") to Orkla​.Qliro group ab says ‍hsng will remain a partner to Qliro financial services and cdon marketplace after transaction​.‍hsng is expected to be reported as an item under discontinued operations from q4 2017​.  Full Article

Qliro Group Q3 EBITDA at SEK 22.0 million
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - QLIRO GROUP AB (PUBL) ::Q3 ‍NET SALES INCREASED BY 5.5 PER CENT TO SEK 868.1 (822.6) MILLION​.Q3 ‍OPERATING INCOME BEFORE DEPRECIATION, AMORTIZATION AND IMPAIRMENT WAS SEK 22.0 (-1.3) MILLION​.  Full Article

Qliro says Gymgrossisten CEO to step down
Monday, 22 Aug 2016 

Qliro Group Publ Ab : Says Gymgrossisten CEO Therese Hillman to step down . Says Hillman will keep position until end-2016. . Qliro says has initiated process to recruit new CEO Further company coverage: [QLRO.ST] (Reporting by Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46-(0)8-700 10 17;)).  Full Article

Qliro Q2 operating loss narrows
Thursday, 14 Jul 2016 

Qliro Group Publ AB : Q2 net sales for continuing operations increased by 3%, amounting to SEK 1,018.5 (988.3) million . Q2 operating earnings (EBIT) for continuing operations amounted to SEK -11.8 (-15.4) million .Says estimates Qliro financial services will get swedish FSA license in second half of 2016.  Full Article

Qliro says Mansson to step down as CEO of Nelly
Thursday, 7 Jul 2016 

Qliro Group Publ Ab :Magnus Mansson to step down as CEO of Nelly.  Full Article

Qliro Group sells Tretti
Wednesday, 15 Jun 2016 

Qliro Group Publ Ab : Qliro Group has entered into an agreement to sell the subsidiary Tretti AB to WhiteAway for a total cash consideration of SEK 250 million, corresponding to an enterprise value of approximately SEK 180 million . Says online white goods retailer Tretti will remain a partner of Qliro Financial Services and CDON Marketplace after the transaction . WhiteAway will become a partner of Qliro Financial Services regarding payment solution services for its online store in Sweden and join CDON Marketplace as a new merchant . In 2015, Tretti generated an EBITDA of SEK 4.4 million . The transaction is subject to approval from the Swedish Competition Authority and is expected to be completed during the third quarter 2016 .Says transaction is expected to lead to a result impact of approximately SEK -105 million which will be reported as an item under Discontinued operations in the second quarter 2016.  Full Article

Qliro Group Marcus Lindqvist appointed CEO
Tuesday, 23 Feb 2016 

Qliro Group publ AB:Says Marcus Lindqvist appointed CEO of Qliro Group.  Full Article

Qliro Group publ AB says to carry out efficiency measures at CDON
Wednesday, 27 Jan 2016 

Qliro Group publ AB:Qliro's CDON carries out efficiency measures.Says ‍efficiency measures include a staff reduction of about 35 full time positions at CDON's office in Malmo, Sweden​.Says ‍will be reported as a non-recurring cost of around 15 million Swedish crowns, which will be attributed to result for Q1 2016​.  Full Article

Qliro Group says faces EUR 5.7 mln tax hit in Finland, to appeal decision
Tuesday, 5 Jan 2016 

Qliro Group publ AB:Finnish tax administration seeks to impose additional tax on a Qliro Group subsidiary.Says ‍Finnish tax administration has, pertaining to financial year 2012, decided to impose an additional tax of about 3.8 million euros and a tax increase of about 1.9 million euros against CDON AB's Finnish subsidiary CDON Alandia AB.Says ‍refutes tax administration's view and intends to appeal decision​.  Full Article

BRIEF-Orkla to buy Health and Sports Nutrition Group for SEK 360 mln

* Orkla has entered into an agreement to purchase the Swedish company Health and Sports Nutrition Group (HSNG) from Stockholm listed Qliro Group