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Ratos AB (RATOb.ST)

RATOb.ST on Stockholm Stock Exchange

34.68SEK
17 Aug 2018
Change (% chg)

1.48kr (+4.46%)
Prev Close
33.20kr
Open
33.94kr
Day's High
35.42kr
Day's Low
33.08kr
Volume
4,186,638
Avg. Vol
1,198,995
52-wk High
41.61kr
52-wk Low
28.46kr

Latest Key Developments (Source: Significant Developments)

Ratos Q2 pretax profit rises, says trends in several holdings still weak
Friday, 17 Aug 2018 

Aug 17 (Reuters) - Ratos AB ::Q2 CONSOLIDATED NET SALES SEK 6,869M (6,741).Q2 PROFIT BEFORE TAX SEK 738M (546).Q2 ADJUSTED EBITA IN PORTFOLIO SEK 764M (740).Q2 NET SALES IN PORTFOLIO SEK 6,456M (6,003).SAYS HL DISPLAY, AIBEL AND BISNODE ALL MADE POSITIVE CONTRIBUTIONS, AS DID HENT, WHOSE RESULTS WERE POSITIVELY IMPACTED BY THE DIVESTMENT OF THE MAJORITY OF ITS RESIDENTIAL DEVELOPMENT OPERATIONS.SAYS HOWEVER, THE TRENDS FOR THE QUARTER IN SEVERAL PORTFOLIO COMPANIES WERE FAR TOO WEAK AND THE COMPANY PORTFOLIO THEREFORE CONTINUES TO FACE CONSIDERABLE CHALLENGES.SAYS EARNINGS TREND WAS PRIMARILY NEGATIVE IN DIAB, BUT EARNINGS FOR THE QUARTER IN KVDBIL, TFS, LEDIL AND SPEED GROUP WERE ALSO POOR.SAYS PLANTASJEN WAS AGAIN IMPACTED BY CHALLENGING WEATHER CONDITIONS THAT BEGAN WITH A LATE WINTER AND FINISHED WITH HOT, DRY CONDITIONS.  Full Article

Ratos AB's Hent divests residential development ops
Monday, 23 Apr 2018 

April 23 (Reuters) - Ratos AB ::RATOS AB: HENT DIVESTS RESIDENTIAL DEVELOPMENT OPERATIONS.RATOS AB SAYS SUBSIDIARY HENT HAS SIGNED AN AGREEMENT TO SELL ITS RESIDENTIAL DEVELOPMENT OPERATIONS, HENT EIENDOMSINVEST, TO FREDENSBORG BOLIG..RATOS AB SAYS SALE WILL GENERATE A CAPITAL GAIN OF APPROXIMATELY NOK 85M..  Full Article

Statoil awards NOK 1.3 bln contract to Aibel
Thursday, 19 Apr 2018 

April 19 (Reuters) - Statoil Asa ::AWARDING BILLION NOK CONTRACT FOR NJORD BRAVO FSO.CONTRACT VALUE IS AROUND NOK 1.3 BILLION ($167.66 MILLION).IS TODAY AWARDING, ON BEHALF OF NJORD LICENSE, A CONTRACT TO AIBEL FOR UPGRADING OF NJORD BRAVO FLOATING STORAGE AND OFFLOADING (FSO) VESSEL IN NORWEGIAN SEA.STORAGE VESSEL WILL BE PREPARED FOR EXTENDED OPERATION OF NJORD AND HYME FIELDS, AS WELL AS TIE-IN OF TWO NEW FIELD DEVELOPMENTS IN NORWEGIAN SEA, BAUGE AND FENJA.NJORD FIELD CAME ON STREAM IN 1997, AND BOTH PLATFORM AND STORAGE VESSEL ARE NOW BEING UPGRADED FOR ADDITIONAL 20 YEARS.  Full Article

Ratos says Q4 earnings weighed down by impairment, weak earnings i company portfolio
Saturday, 3 Feb 2018 

Feb 3 (Reuters) - Ratos Ab ::REG-RATOS: RATOS'S EARNINGS FOR THE FOURTH QUARTER OF 2017 NEGATIVELY IMPACTED BY IMPAIRMENT AND WEAKER EARNINGS IN THE COMPANY PORTFOLIO.‍COMPANY PORTFOLIO ALSO POSTED SIGNIFICANTLY LOWER EARNINGS FOR Q4 OF 2017 COMPARED TO 2016​.‍ EARNINGS FOR Q4 OF 2017 WILL BE CHARGED IN AN AMOUNT OF APPROXIMATELY SEK 550 MILLION FOR IMPAIRMENT OF BOOK VALUES​.‍BOARD OF DIRECTORS PROPOSES AN UNCHANGED DIVIDEND OF SEK 2.00 PER SHARE​.‍EARNINGS PER SHARE IS ESTIMATED AT SEK 0.72 PER SHARE FOR FULL YEAR 2017​.SAYS EBITA IN RATOS'S COMPANY PORTFOLIO DECLINED 40 PERCENT DURING Q4 OF 2017 AND SALES FELL 10 PERCENT.  Full Article

Ratos appoints Jonas Wistrom new CEO, Per-Olof Soderberg new chairman
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Ratos AB ::REG-RATOS: JONAS WISTRÖM NEW CEO OF RATOS, PER-OLOF SÖDERBERG NEW CHAIRMAN OF THE BOARD.SAYS ‍MAGNUS AGERVALD WILL STEP DOWN FROM RATOS EFFECTIVE IMMEDIATELY​.SAYS IN CONJUNCTION WITH THIS CHANGE, MAGNUS AGERVALD WILL STEP DOWN FROM RATOS EFFECTIVE IMMEDIATELY.SAYS ‍HAS APPOINTED PER-OLOF SÖDERBERG AS COMPANY'S NEW CHAIRMAN OF BOARD​.SAYS BOARD IS NOT SATISFIED WITH RATOS'S PERFORMANCE.SAYS ‍BOARD'S ASSESSMENT IS THAT THESE CHANGES ARE NECESSARY TO ENABLE COMPANY TO CREATE VALUE​.SAYS TO SUCCEED IN IMPLEMENTING NEW STRATEGIC DIRECTION ESTABLISHED DURING YEAR, WE BELIEVE A DIFFERENT LEADERSHIP IS NEEDED.  Full Article

Ratos Jan-Sep pretax profit at 1,255 mln SEK
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Ratos :Ratos Jan-Sep ‍profit before tax sek 1,255m (-2,220) ​.Says in the third quarter, the portfolio’s earnings performance was unsatisfactory‍​.Says operational management costs are continuing to decline and we estimate that the cost level is about sek 150 mln on a yearly basis.Says to achieve higher earnings, we need to continue increasing the rate of improvement.  Full Article

Ratos to book impairments of around 1.7 bln SEK in Q3
Friday, 14 Oct 2016 

Ratos Ab : says in conjunction with publication of its third-quarter report, ratos will implement considerable impairments of book values . in total, it is expected that impairment of goodwill and shares in associates attributable to owners of parent will amount to approximately sek 1.7 billion . impairment is attributable to portfolio companies of aibel, ah industries, biolin scientific, euromaint and jøtul . The total impairment attributable to the owners of the parent is expected to amount to approximately SEK 1.7 billion, of which approximately SEK 1.1 billion is attributable to the impairment of Aibel's book value. . "Some of our companies are operating under tough market conditions and are showing a weak earnings trend. To reflect the companies' market conditions, we are adapting our book values .The exact amount of the impairment will be established in the third-quarter report and will be charged to the Ratos Group's net earnings.  Full Article

Ratos says Peter Nilsson appointed new CEO of Speed Group
Wednesday, 28 Sep 2016 

Ratos AB :Ratos: Peter Nilsson appointed as new CEO of Speed Group.  Full Article

Ratos says Bisnode acquires NN Markedsdata
Wednesday, 31 Aug 2016 

Ratos Ab : Ratos: Bisnode acquires NN Markedsdata . Says purchase price of approximately DKK 80m (enterprise value) . Says Ratos will contribute about DKK 55m for its holding .The company was formed in 1997 and has 40 employees, with its head office located in Aarhus.  Full Article

Equinor's Troll C gas module expected to start in Q3 2019

OSLO, May 24 A new gas module on the Equinor-operated Troll C platform is expected to start production in the third quarter of 2019, the country's Petroleum Safety Authority (PSA) said on Thursday.